Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0240%/8h= +26.2% APRpaid last 24h +0.086%

Price spread now: BloFin against Extended+0.240%74s7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1641.644% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.357%+$36 on $10k

Price spread, last 4 days (all we have)+0.866%+$87 · spread now +0.240%, 7d avg +0.063%

Together, before fees+1.224%+ Points / potential airdropExtended: Active · farm board+$122 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.177% dearer against Extended than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.063%. 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	Extended VELVET-USD	0.05873	0.0448	pay 0.0056% / 1h	55m 39s	$2K	$234K	5x
Short	BloFin VELVET-USDT	0.05887	0.0688	get 0.0344% / 4h	2h 55m	$262K	$130K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.240%Rate

Funding earned: $50.32
Price spread: +0.240% → +0.063%: $17.65
Slippage, 4 orders: −$147.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$96.41
Costs to cover: 1.644%
Break-even: 20.4 days

Slippage from Extended: live order book, 36 min ago; BloFin: live order book, 6 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, 36 min ago	7.11 bp	53.5 bp −$54	419.8 bp −$4,198	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	13.57 bp	27.0 bp −$27	58.9 bp −$589	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	0.05874	+0.013%	$8K	$16K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05860	−0.220%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05873	+0.002%	$686K	$904K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05872	−0.015%	$1.0M	$464K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05867	−0.101%	$1.1M	$591K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05879	+0.101%	$39K	$13K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05878	+0.087%	$12K	$17K	20x	as long as short
Binance VELVETUSDT	+0.0436%	4h	0.05862	−0.182%	$4.3M	$5.5M	10x	as long as short
MEXC VELVET_USDT	+0.0446%	4h	0.05862	−0.186%	$2.0M	$390K	50x	as long as short
Extended VELVET-USDlong	+0.0448%	1h	0.05873	long leg	$2K	$234K	5x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX VELVET-USDT	+0.0458%	4h	0.05860	−0.220%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0466%	4h	0.05888	+0.265%	$1K	$192K	10x	as long as short
BloFin VELVET-USDTshort	+0.0688%	4h	0.05887	+0.240%	$262K	$130K	50x