VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0269%/8h= −29.5% APRnext payment −$1.35 per $10,000 · paid last 24h +0.092%

Price spread now: Variational Omni against edgeX+0.449%74s7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.449% dearer against edgeX than usual: you sell high and buy low (spread +0.449% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 5.6 days. The two prices were read 74 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	0.05818	0.0487	pay 0.0244% / 4h	2h 36m	$1K	$201K	10x
Short	Variational Omni VELVET	0.05844	0.0218	get 0.0109% / 4h	2h 36m	$35K	$51K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.449%Rate

Funding earned: −$56.56
Price spread: +0.449% → 0.000%: $44.89
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.68
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 10 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 edgeX live order book, 10 min ago	2.55 bp	doesn't fit	doesn't fit	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
Aster VELVETUSDT	+0.0100%	4h	0.05858	+0.691%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05860	+0.722%	$705K	$916K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05856	+0.653%	$936K	$522K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05876	+0.997%	$1.1M	$629K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05862	+0.757%	$12K	$21K	20x	as long as short
Variational Omni VELVETshort	+0.0218%	4h	0.05844	+0.449%	$35K	$51K	—
Bybit VELVETUSDT	+0.0243%	4h	0.05870	+0.894%	$1.6M	$1.5M	5x	as long as short
Extended VELVET-USD	+0.0440%	1h	0.05859	+0.713%	$1K	$151K	5x	as long as short
Binance VELVETUSDT	+0.0444%	4h	0.05861	+0.739%	$4.3M	$5.4M	10x	as long as short
MEXC VELVET_USDT	+0.0450%	4h	0.05870	+0.894%	$2.0M	$388K	50x	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