Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.051%

Price spread now: Aster against Extended−0.083%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.083% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VELVET-USD	0.05820	0.0200	pay 0.0025% / 1h	14m 18s	$5K	$161K	5x
Short	Aster VELVETUSDT	0.05816	0.0100	get 0.0050% / 4h	1h 14m	$9K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$21
Price spread: −0.083% → 0.000%: −$8.29
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.29
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 47 min ago; Aster: 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 Extended live order book, 47 min ago	8.79 bp	52.3 bp −$52	420.2 bp −$4,202	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 VELVETUSDTshort	+0.0100%	4h	0.05816	−0.083%	$9K	$18K	5x
Bybit VELVETUSDT	+0.0100%	4h	0.05823	+0.044%	$1.6M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05825	+0.078%	$695K	$906K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05826	+0.095%	$942K	$529K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05829	+0.147%	$1.1M	$660K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05854	+0.574%	$35K	$51K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05837	+0.284%	$12K	$25K	20x	as long as short
BingX VELVET-USDT	+0.0152%	4h	0.05821	+0.009%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0154%	4h	0.05826	+0.103%	$2K	$205K	10x	as long as short
Extended VELVET-USDlong	+0.0200%	1h	0.05820	long leg	$5K	$161K	5x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC VELVET_USDT	+0.0200%	4h	0.05820	−0.008%	$2.0M	$400K	50x	as long as short
Binance VELVETUSDT	+0.0201%	4h	0.05822	+0.018%	$4.3M	$5.5M	10x	as long as short
BloFin VELVET-USDT	+0.0441%	4h	0.05836	+0.267%	$261K	$130K	50x	as long as short