VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0387%/8h= −42.4% APRnext payment −$1.94 per $10,000 · paid last 24h −0.055%

Price spread now: Bitget against edgeX+0.843%7-day average +0.068% · you sell dearer than you buy

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

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.823%−$82 · spread now +0.843%, 7d avg +0.068%

Together, before fees−0.885%+ Points / potential airdropedgeX: Active · farm board−$88 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.775% dearer against edgeX than usual: you sell high and buy low (spread +0.843% now, against its 7-day average of +0.068%): +$77 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 7 days (−0.062% in total) that is about 3 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.94 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	edgeX VELVETUSDC	0.05818	0.0487	pay 0.0244% / 4h	2h 36m	$1K	$201K	10x
Short	Bitget VELVETUSDT	0.05867	0.0100	get 0.0050% / 4h	2h 36m	$1.1M	$629K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.843%Rate

Funding earned: −$81.3
Price spread: +0.843% → +0.068%: $77.47
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.83
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: edgeX: live order book, 10 min ago; Bitget: live order book, 4 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, 10 min ago	2.55 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	6.00 bp	38.9 bp −$39	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	0.05844	+0.446%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05836	+0.310%	$702K	$916K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05836	+0.310%	$933K	$522K	10x	as long as short
Bitget VELVETUSDTshort	+0.0100%	4h	0.05867	+0.843%	$1.1M	$629K	10x
HTX VELVET-USDT	+0.0100%	4h	0.05831	+0.224%	$12K	$21K	20x	as long as short
Bybit VELVETUSDT	+0.0184%	4h	0.05856	+0.653%	$1.6M	$1.5M	5x	as long as short
Variational Omni VELVET	+0.0218%	4h	0.05844	+0.449%	$35K	$51K	—	as long as short
Extended VELVET-USD	+0.0448%	1h	0.05853	+0.606%	$1K	$151K	5x	as long as short
MEXC VELVET_USDT	+0.0450%	4h	0.05856	+0.653%	$2.0M	$388K	50x	as long as short
Binance VELVETUSDT	+0.0452%	4h	0.05859	+0.702%	$4.3M	$5.4M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX VELVET-USDT	+0.0470%	4h	0.05857	+0.671%	—	$1.4M	—	as long as short
edgeX VELVETUSDClong	+0.0487%	4h	0.05818	long leg	$1K	$201K	10x
BloFin VELVET-USDT	+0.0692%	4h	0.05854	+0.619%	$262K	$131K	50x	as long as short