VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against edgeX+0.012%98s7-day average −0.010% · you sell dearer than you buy

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

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.012%, 7d avg −0.010%

Together, before fees+0.038%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.022% dearer against edgeX than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.010%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.003% in total) that is about 47 days. The two prices were read 98 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	0.05837	0.0448	pay 0.0224% / 4h	2h 27m	$1K	$201K	10x
Short	MEXC VELVET_USDT	0.05838	0.0398	get 0.0199% / 4h	2h 27m	$2.0M	$391K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$10.42
Price spread: +0.012% → −0.010%: $2.2
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.22
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 19 min ago; MEXC: 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, 19 min ago	2.55 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.71 bp	13.2 bp −$13	60.6 bp −$606	136.5 bp −$13.7K	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	0.05834	−0.054%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05828	−0.159%	$701K	$920K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05829	−0.142%	$930K	$524K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05845	+0.132%	$1.1M	$631K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05842	+0.080%	$12K	$21K	20x	as long as short
Bybit VELVETUSDT	+0.0128%	4h	0.05840	+0.046%	$1.6M	$1.5M	5x	as long as short
Variational Omni VELVET	+0.0179%	4h	0.05839	+0.031%	$35K	$51K	—	as long as short
Binance VELVETUSDT	+0.0397%	4h	0.05835	−0.036%	$4.3M	$5.4M	10x	as long as short
MEXC VELVET_USDTshort	+0.0398%	4h	0.05838	+0.012%	$2.0M	$391K	50x
Extended VELVET-USD	+0.0400%	1h	0.05837	+0.002%	$1K	$146K	5x	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	+0.0416%	4h	0.05839	+0.029%	—	$1.4M	—	as long as short
edgeX VELVETUSDClong	+0.0448%	4h	0.05837	long leg	$1K	$201K	10x
BloFin VELVET-USDT	+0.0639%	4h	0.05844	+0.115%	$259K	$131K	50x	as long as short