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 −0.044%

Price spread now: Bitget against Extended+0.181%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1681.680% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.181%, 7d avg +0.128%

Together, before fees−0.186%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.053% dearer against Extended than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of +0.128%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.087% in total) that is about 4.3 days.

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 01s	$5K	$161K	5x
Short	Bitget VELVETUSDT	0.05831	0.0100	get 0.0050% / 4h	1h 14m	$1.1M	$660K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.181%Rate

Funding earned: −$21
Price spread: +0.181% → +0.128%: $5.33
Slippage, 4 orders: −$150.98
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$183.65
Costs to cover: 1.680%
Break-even: never at this rate

Slippage from Extended: live order book, 47 min ago; Bitget: 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, 47 min ago	8.79 bp	52.3 bp −$52	420.2 bp −$4,202	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.42 bp	31.6 bp −$32	doesn't fit	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	0.05816	−0.083%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05825	+0.078%	$1.6M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05821	+0.009%	$694K	$906K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05826	+0.095%	$942K	$529K	10x	as long as short
Bitget VELVETUSDTshort	+0.0100%	4h	0.05831	+0.181%	$1.1M	$660K	10x
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	0.05824	+0.061%	—	$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	0.05815	−0.090%	$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