VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0466%/8h= +51.0% APRnext payment +$2.33 per $10,000 · paid last 24h −0.032%

Price spread now: MEXC against Bybit+0.051%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1331.326% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.051%, 7d avg −0.045%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and MEXC is 0.096% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.045%. Mind the row above: over the last 7 days funding on this pair cost −0.128%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.33 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	0.05913	0.0100	pay 0.0050% / 4h	3h 32m	$1.6M	$1.5M	5x
Short	MEXC VELVET_USDT	0.05916	0.0566	get 0.0283% / 4h	3h 32m	$2.0M	$395K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.051%Rate

Funding earned: $97.86
Price spread: +0.051% → −0.045%: $9.62
Slippage, 4 orders: −$121.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$25.11
Costs to cover: 1.326%
Break-even: 8.8 days

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 5 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, 4 min ago	8.38 bp	47.5 bp −$48	2453.4 bp −$24.5K	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.52 bp	16.5 bp −$17	68.8 bp −$688	133.8 bp −$13.4K	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	0.05920	+0.118%	$9K	$16K	5x	as long as short
Bybit VELVETUSDTlong	+0.0100%	4h	0.05913	long leg	$1.6M	$1.5M	5x
Gate VELVET_USDT	+0.0100%	4h	0.05910	−0.051%	$702K	$923K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05909	−0.068%	$1.0M	$511K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05921	+0.135%	$1.1M	$633K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05964	+0.863%	$39K	$54K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05963	+0.846%	$12K	$17K	20x	as long as short
Binance VELVETUSDT	+0.0559%	4h	0.05916	+0.051%	$4.3M	$5.6M	10x	as long as short
Extended VELVET-USD	+0.0560%	1h	0.05914	+0.022%	$2K	$240K	5x	as long as short
MEXC VELVET_USDTshort	+0.0566%	4h	0.05916	+0.051%	$2.0M	$395K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX VELVET-USDT	+0.0584%	4h	0.05917	+0.068%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0590%	4h	0.05964	+0.868%	$2K	$195K	10x	as long as short
BloFin VELVET-USDT	+0.0808%	4h	0.05959	+0.778%	$266K	$134K	50x	as long as short