Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%

Price spread now: Bybit against edgeX−0.063%101s7-day average +0.034% · you buy dearer than you sell

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

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.063%, 7d avg +0.034%

Together, before fees+0.306%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.097% cheaper against edgeX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VELVETUSDC	0.05801	0.0100	pay 0.0050% / 4h	51m 55s	$1K	$186K	10x
Short	Bybit VELVETUSDT	0.05797	0.0100	get 0.0050% / 4h	51m 55s	$1.5M	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → +0.034%: −$9.71
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$29.71
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 53 min ago; Bybit: live order book, 2 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, 53 min ago	3.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	8.63 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit

VELVET on 13 exchanges

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	0.05795	−0.103%	$8K	$16K	5x	as long as short
Binance VELVETUSDT	+0.0100%	4h	0.05803	+0.041%	$4.3M	$4.7M	10x	as long as short
Bybit VELVETUSDTshort	+0.0100%	4h	0.05797	−0.063%	$1.5M	$1.4M	5x
Gate VELVET_USDT	+0.0100%	4h	0.05791	−0.167%	$685K	$908K	10x	as long as short
MEXC VELVET_USDT	+0.0100%	4h	0.05799	−0.029%	$2.0M	$363K	50x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05797	−0.063%	$1.0M	$382K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05812	+0.195%	$1.1M	$554K	10x	as long as short
BingX VELVET-USDT	+0.0100%	4h	0.05795	−0.098%	—	$1.4M	—	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05803	+0.048%	$38K	$12K	—	as long as short
edgeX VELVETUSDClong	+0.0100%	4h	0.05801	long leg	$1K	$186K	10x

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX VELVET-USDT	+0.0100%	4h	0.05803	+0.040%	$12K	$13K	20x	as long as short
Extended VELVET-USD	+0.0104%	1h	0.05796	−0.074%	$2K	$225K	5x	as long as short
BloFin VELVET-USDT	+0.0340%	4h	0.05804	+0.057%	$263K	$98K	50x	as long as short