Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.073%

Price spread now: BingX against Extended+0.167%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1471.467% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.167%, 7d avg +0.050%

Together, before fees+0.148%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.116% dearer against Extended than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VELVET-USD	0.05848	0.0320	pay 0.0040% / 1h	20m 02s	$3K	$235K	5x
Short	BingX VELVET-USDT	0.05858	0.0354	get 0.0177% / 4h	2h 20m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.167%Rate

Funding earned: $7.14
Price spread: +0.167% → +0.050%: $11.62
Slippage, 4 orders: −$131.73
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$127.97
Costs to cover: 1.467%
Break-even: 132.5 days

Slippage from Extended: live order book, 29 min ago; BingX: live order book, 5 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, 29 min ago	6.25 bp	59.9 bp −$60	443.6 bp −$4,436	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	1.70 bp	18.6 bp −$19	63.5 bp −$635	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	0.05850	+0.025%	$8K	$16K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05847	−0.022%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05848	−0.004%	$685K	$933K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05849	+0.013%	$1.0M	$421K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05851	+0.047%	$1.1M	$580K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05854	+0.095%	$39K	$12K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05854	+0.098%	$12K	$16K	20x	as long as short
Extended VELVET-USDlong	+0.0320%	1h	0.05848	long leg	$3K	$235K	5x
Binance VELVETUSDT	+0.0320%	4h	0.05844	−0.073%	$4.3M	$5.2M	10x	as long as short
MEXC VELVET_USDT	+0.0330%	4h	0.05851	+0.047%	$2.0M	$404K	50x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX VELVET-USDTshort	+0.0354%	4h	0.05858	+0.167%	—	$1.4M	—
edgeX VELVETUSDC	+0.0365%	4h	0.05862	+0.237%	$1K	$190K	10x	as long as short
BloFin VELVET-USDT	+0.0572%	4h	0.05878	+0.509%	$263K	$125K	50x	as long as short