Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.007%

Price spread now: Binance against Extended+0.026%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1701.704% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.026%, 7d avg +0.049%

Together, before fees+0.032%+ Points / potential airdropExtended: Active · farm board+$3 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: Binance is 0.023% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VELVET-USD	0.05868	0.0440	pay 0.0055% / 1h	35m 54s	$1K	$151K	5x
Short	Binance VELVETUSDT	0.05870	0.0444	get 0.0222% / 4h	2h 35m	$4.3M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.026%Rate

Funding earned: $0.76
Price spread: +0.026% → +0.049%: −$2.32
Slippage, 4 orders: −$155.41
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$171.97
Costs to cover: 1.704%
Break-even: 1599.3 days

Slippage from Extended: live order book, 10 min ago; Binance: live order book, 2 min ago.

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, 10 min ago	7.76 bp	51.2 bp −$51	414.2 bp −$4,142	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.85 bp	27.5 bp −$28	132.1 bp −$1,321	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	0.05861	−0.129%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05859	−0.156%	$705K	$916K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05857	−0.190%	$936K	$522K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05876	+0.134%	$1.1M	$629K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05862	−0.105%	$12K	$21K	20x	as long as short
Variational Omni VELVET	+0.0215%	4h	0.05864	−0.069%	$36K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0243%	4h	0.05870	+0.031%	$1.6M	$1.5M	5x	as long as short
Extended VELVET-USDlong	+0.0440%	1h	0.05868	long leg	$1K	$151K	5x
Binance VELVETUSDTshort	+0.0444%	4h	0.05870	+0.026%	$4.3M	$5.4M	10x
MEXC VELVET_USDT	+0.0450%	4h	0.05871	+0.048%	$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	0.05858	−0.173%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0487%	4h	0.05818	−0.855%	$1K	$201K	10x	as long as short
BloFin VELVET-USDT	+0.0692%	4h	0.05854	−0.241%	$262K	$131K	50x	as long as short