Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.167%
Price spread now: Gate against Bybit−0.172%7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$349as in the Funding arb table
Net, price: spread back to 7d avg − costs−$322as in the Price arb table
costs, in and out, $10k−$3203.201% of the position
Funding, last 7 days−0.288%−$29 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.172%, 7d avg −0.152%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit VELVETUSDT | 0.05817 | 0.0100 | pay 0.0050% / 4h | 26m 29s | $1.6M | $1.4M | 5x |
| Short | Gate VELVET_USDT | 0.05807 | 0.0100 | get 0.0050% / 4h | 26m 29s | $696K | $908K | 10x |
Bybit VELVETUSDT
Gate VELVET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.172% → −0.152%
- −$1.98
- Slippage, 4 orders
- −$294.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$322.12
- Costs to cover
- 3.201%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 30 min ago.
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, 5 min ago | 8.60 bp | 45.5 bp −$46 | 2634.3 bp −$26.3K | doesn't fit | doesn't fit |
| Sell Gate live order book, 30 min ago | 8.65 bp | 104.4 bp −$104 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster VELVETUSDT | +0.0100% | 4h | 0.05807 | −0.175% | $9K | $18K | 5x | as long as short |
| Bybit VELVETUSDTlong | +0.0100% | 4h | 0.05817 | long leg | $1.6M | $1.4M | 5x | |
| Gate VELVET_USDTshort | +0.0100% | 4h | 0.05807 | −0.172% | $696K | $908K | 10x | |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05804 | −0.223% | $920K | $529K | 10x | as long as short |
| Bitget VELVETUSDT | +0.0100% | 4h | 0.05822 | +0.086% | $1.1M | $657K | 10x | as long as short |
| Variational Omni VELVET | +0.0100% | 4h | 0.05814 | −0.052% | $35K | $51K | — | as long as short |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05813 | −0.069% | $12K | $24K | 20x | as long as short |
| edgeX VELVETUSDC | +0.0102% | 4h | 0.05805 | −0.201% | $2K | $205K | 10x | as long as short |
| MEXC VELVET_USDT | +0.0102% | 4h | 0.05814 | −0.052% | $2.0M | $400K | 50x | as long as short |
| BingX VELVET-USDT | +0.0102% | 4h | 0.05817 | 0.000% | — | $1.4M | — | as long as short |
Aster VELVETUSDT
KuCoin VELVETUSDTM
Bitget VELVETUSDT
Variational Omni VELVET
HTX VELVET-USDT
edgeX VELVETUSDC
MEXC VELVET_USDT
BingX VELVET-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance VELVETUSDT | +0.0103% | 4h | 0.05813 | −0.069% | $4.3M | $5.4M | 10x | as long as short |
| Extended VELVET-USD | +0.0104% | 1h | 0.05808 | −0.148% | $4K | $164K | 5x | as long as short |
| BloFin VELVET-USDT | +0.0343% | 4h | 0.05815 | −0.034% | $258K | $128K | 50x | as long as short |
Binance VELVETUSDT
Extended VELVET-USD
BloFin VELVET-USDT