VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0519%/8h= +56.8% APRnext payment +$2.60 per $10,000 · paid last 24h −0.031%

Price spread now: edgeX against Bybit+0.302%81s7-day average −0.036% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 4 days (all we have)−0.643%−$64 · spread now +0.302%, 7d avg −0.036%

Together, before fees−0.768%+ Points / potential airdropedgeX: Active · farm board−$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and edgeX is 0.337% dearer against Bybit than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.036%. Mind the row above: over the last 7 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VELVETUSDT	0.05967	0.0100	pay 0.0050% / 4h	3h 38m	$1.6M	$1.5M	5x
Short	edgeX VELVETUSDC	0.05985	0.0619	get 0.0310% / 4h	3h 38m	$2K	$195K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee edgeXbpOrdersPrice spread, now +0.302%Rate

Funding earned: $109
Price spread: +0.302% → −0.036%: $33.75
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $122.75
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; edgeX: live order book, 58 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 3 min ago	16.69 bp	40.9 bp −$41	2688.9 bp −$26.9K	doesn't fit	doesn't fit
Sell edgeX live order book, 58 min ago	3.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

VELVET on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VELVETUSDTlong	+0.0100%	4h	0.05967	long leg	$1.6M	$1.5M	5x
Gate VELVET_USDT	+0.0100%	4h	0.05971	+0.067%	$709K	$920K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05962	−0.084%	$1.0M	$517K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05984	+0.285%	$39K	$54K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05971	+0.067%	$12K	$18K	20x	as long as short
Bitget VELVETUSDT	+0.0108%	4h	0.05964	−0.050%	$1.1M	$626K	10x	as long as short
Aster VELVETUSDT	+0.0111%	4h	0.05977	+0.171%	$9K	$17K	5x	as long as short
BingX VELVET-USDT	+0.0592%	4h	0.05972	+0.084%	—	$1.4M	—	as long as short
Extended VELVET-USD	+0.0600%	1h	0.05971	+0.063%	$2K	$240K	5x	as long as short
Binance VELVETUSDT	+0.0602%	4h	0.05975	+0.134%	$4.4M	$5.6M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC VELVET_USDT	+0.0614%	4h	0.05977	+0.168%	$2.1M	$391K	50x	as long as short
edgeX VELVETUSDCshort	+0.0619%	4h	0.05985	+0.302%	$2K	$195K	10x
BloFin VELVET-USDT	+0.0856%	4h	0.05981	+0.235%	$266K	$134K	50x	as long as short