Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.047%

Price spread now: Bybit against Extended−0.045%7-day average +0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$1961.956% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.045%, 7d avg +0.089%

Together, before fees+0.240%+ Points / potential airdropExtended: Active · farm board+$24 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: Bybit is 0.134% cheaper against Extended than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VELVET-USD	0.05823	0.0104	pay 0.0013% / 1h	11m 23s	$4K	$228K	5x
Short	Bybit VELVETUSDT	0.05820	0.0100	get 0.0050% / 4h	11m 23s	$1.5M	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$0.84
Price spread: −0.045% → +0.089%: −$13.36
Slippage, 4 orders: −$179.62
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$209.82
Costs to cover: 1.956%
Break-even: never at this rate

Slippage from Extended: live order book, 28 min ago; Bybit: live order book, 3 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, 28 min ago	8.41 bp	53.4 bp −$53	426.6 bp −$4,266	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	8.57 bp	44.9 bp −$45	doesn't fit	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	0.05828	+0.100%	$8K	$12K	5x	as long as short
Binance VELVETUSDT	+0.0100%	4h	0.05824	+0.018%	$4.3M	$4.7M	10x	as long as short
Bybit VELVETUSDTshort	+0.0100%	4h	0.05820	−0.045%	$1.5M	$1.4M	5x
Gate VELVET_USDT	+0.0100%	4h	0.05821	−0.028%	$688K	$926K	10x	as long as short
MEXC VELVET_USDT	+0.0100%	4h	0.05822	−0.011%	$2.0M	$369K	50x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05821	−0.028%	$1.0M	$381K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05831	+0.144%	$1.1M	$555K	10x	as long as short
BingX VELVET-USDT	+0.0100%	4h	0.05826	+0.058%	—	$1.4M	—	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05833	+0.184%	$38K	$10K	—	as long as short
edgeX VELVETUSDC	+0.0100%	4h	0.05830	+0.122%	$1K	$183K	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX VELVET-USDT	+0.0100%	4h	0.05823	+0.007%	$12K	$12K	20x	as long as short
Extended VELVET-USDlong	+0.0104%	1h	0.05823	long leg	$4K	$228K	5x
BloFin VELVET-USDT	+0.0340%	4h	0.05827	+0.075%	$264K	$97K	50x	as long as short