VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h +0.093%

Price spread now: BingX against edgeX−0.031%7-day average −0.005% · you buy dearer than you sell

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

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.290%+$29 on $10k

Price spread, last 4 days (all we have)+1.082%+$108 · spread now −0.031%, 7d avg −0.005%

Together, before fees+1.371%+ Points / potential airdropedgeX: Active · farm board+$137 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.026% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.290%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VELVETUSDC	0.05906	0.0615	pay 0.0308% / 4h	22m 59s	$2K	$196K	10x
Short	BingX VELVET-USDT	0.05904	0.0592	get 0.0296% / 4h	22m 59s	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$4.9
Price spread: −0.031% → −0.005%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.49
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 14 min ago; BingX: live order book, 9 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 edgeX live order book, 14 min ago	3.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.53 bp	16.8 bp −$17	66.0 bp −$660	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	0.05892	−0.234%	$702K	$929K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05888	−0.302%	$946K	$506K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05896	−0.166%	$1.1M	$622K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05902	−0.065%	$12K	$19K	20x	as long as short
Aster VELVETUSDT	+0.0118%	4h	0.05890	−0.265%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0135%	4h	0.05891	−0.251%	$1.6M	$1.5M	5x	as long as short
Variational Omni VELVET	+0.0224%	4h	0.05904	−0.033%	$36K	$51K	—	as long as short
Binance VELVETUSDT	+0.0590%	4h	0.05908	+0.042%	$4.4M	$5.5M	10x	as long as short
Extended VELVET-USD	+0.0592%	1h	0.05892	−0.235%	$3K	$235K	5x	as long as short
BingX VELVET-USDTshort	+0.0592%	4h	0.05904	−0.031%	—	$1.4M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC VELVET_USDT	+0.0602%	4h	0.05900	−0.099%	$2.0M	$386K	50x	as long as short
edgeX VELVETUSDClong	+0.0615%	4h	0.05906	long leg	$2K	$196K	10x
BloFin VELVET-USDT	+0.0830%	4h	0.05892	−0.234%	$263K	$132K	50x	as long as short