VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0081%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−0.274%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.274% cheaper against Bybit than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VELVETUSDT	0.05860	0.0303	pay 0.0151% / 4h	1h 06m	$1.6M	$1.5M	5x
Short	Variational Omni VELVET	0.05844	0.0222	get 0.0111% / 4h	1h 06m	$35K	$51K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.274%Rate

Funding earned: −$16.97
Price spread: −0.274% → 0.000%: −$27.44
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$55.41
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: no order-book sample. 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, 5 min ago	8.54 bp	37.6 bp −$38	2657.3 bp −$26.6K	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.05854	−0.102%	$696K	$935K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05857	−0.051%	$939K	$515K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05851	−0.154%	$12K	$20K	20x	as long as short
Bitget VELVETUSDT	+0.0108%	4h	0.05866	+0.102%	$1.1M	$631K	10x	as long as short
Aster VELVETUSDT	+0.0124%	4h	0.05849	−0.188%	$9K	$18K	5x	as long as short
Variational Omni VELVETshort	+0.0222%	4h	0.05844	−0.274%	$35K	$51K	—
Bybit VELVETUSDTlong	+0.0303%	4h	0.05860	long leg	$1.6M	$1.5M	5x
BingX VELVET-USDT	+0.0528%	4h	0.05858	−0.034%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0553%	4h	0.05865	+0.081%	$2K	$197K	10x	as long as short
Extended VELVET-USD	+0.0584%	1h	0.05861	+0.023%	$3K	$113K	5x	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	+0.0584%	4h	0.05860	0.000%	$2.0M	$388K	50x	as long as short
Binance VELVETUSDT	+0.0587%	4h	0.05860	0.000%	$4.3M	$5.5M	10x	as long as short
BloFin VELVET-USDT	+0.0826%	4h	0.05856	−0.068%	$260K	$129K	50x	as long as short