VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0270%/8h= −29.6% APRnext payment −$1.35 per $10,000 · paid last 24h −0.128%

Price spread now: KuCoin against Bybit−0.136%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$378as in the Funding arb table

Net, price: spread back to 7d avg − costs−$402as in the Price arb table

costs, in and out, $10k−$3893.885% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.136%, 7d avg +0.001%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.137% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.108%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.35 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	0.05898	0.0370	pay 0.0185% / 4h	50m 54s	$1.6M	$1.5M	5x
Short	KuCoin VELVETUSDTM	0.05890	0.0100	get 0.0050% / 4h	50m 54s	$944K	$512K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$56.77
Price spread: −0.136% → +0.001%: −$13.67
Slippage, 4 orders: −$365.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$458.98
Costs to cover: 3.885%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 24 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	8.51 bp	44.3 bp −$44	3224.8 bp −$32.2K	doesn't fit	doesn't fit
Sell KuCoin live order book, 24 min ago	11.13 bp	249.3 bp −$249	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
Gate VELVET_USDT	+0.0100%	4h	0.05895	−0.051%	$702K	$914K	10x	as long as short
KuCoin VELVETUSDTMshort	+0.0100%	4h	0.05890	−0.136%	$944K	$512K	10x
HTX VELVET-USDT	+0.0100%	4h	0.05902	+0.068%	$12K	$19K	20x	as long as short
Bitget VELVETUSDT	+0.0140%	4h	0.05905	+0.119%	$1.1M	$629K	10x	as long as short
Aster VELVETUSDT	+0.0194%	4h	0.05891	−0.115%	$9K	$18K	5x	as long as short
Variational Omni VELVET	+0.0349%	4h	0.05894	−0.070%	$36K	$51K	—	as long as short
Bybit VELVETUSDTlong	+0.0370%	4h	0.05898	long leg	$1.6M	$1.5M	5x
BingX VELVET-USDT	+0.0616%	4h	0.05891	−0.119%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0649%	4h	0.05904	+0.094%	$1K	$197K	10x	as long as short
MEXC VELVET_USDT	+0.0674%	4h	0.05897	−0.017%	$2.0M	$383K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended VELVET-USD	+0.0680%	1h	0.05896	−0.042%	$2K	$173K	5x	as long as short
Binance VELVETUSDT	+0.0684%	4h	0.05898	0.000%	$4.4M	$5.5M	10x	as long as short
BloFin VELVET-USDT	+0.0924%	4h	0.05884	−0.237%	$261K	$131K	50x	as long as short