Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.054%

Price spread now: Gate against Extended+0.007%7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$308as in the Funding arb table

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2892.887% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.007%, 7d avg −0.061%

Together, before fees−0.217%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.068% dearer against Extended than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.061%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.192% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VELVET-USD	0.05843	0.0312	pay 0.0039% / 1h	31m 13s	$2K	$163K	5x
Short	Gate VELVET_USDT	0.05843	0.0100	get 0.0050% / 4h	3h 31m	$700K	$906K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.007%Rate

Funding earned: −$44.52
Price spread: +0.007% → −0.061%: $6.81
Slippage, 4 orders: −$268.66
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$326.37
Costs to cover: 2.887%
Break-even: never at this rate

Slippage from Extended: live order book, 20 min ago; Gate: live order book, 21 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, 20 min ago	6.60 bp	52.0 bp −$52	414.6 bp −$4,146	doesn't fit	doesn't fit
Sell Gate live order book, 21 min ago	6.00 bp	92.2 bp −$92	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	0.05841	−0.034%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05856	+0.230%	$1.6M	$1.4M	5x	as long as short
Gate VELVET_USDTshort	+0.0100%	4h	0.05843	+0.007%	$700K	$906K	10x
KuCoin VELVETUSDTM	+0.0100%	4h	0.05837	−0.095%	$927K	$526K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05864	+0.367%	$1.1M	$642K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05846	+0.059%	$12K	$23K	20x	as long as short
Variational Omni VELVET	+0.0112%	4h	0.05854	+0.195%	$35K	$51K	—	as long as short
BingX VELVET-USDT	+0.0286%	4h	0.05858	+0.264%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0286%	4h	0.05839	−0.066%	$2K	$203K	10x	as long as short
MEXC VELVET_USDT	+0.0292%	4h	0.05849	+0.110%	$2.0M	$396K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VELVETUSDT	+0.0310%	4h	0.05854	+0.200%	$4.3M	$5.4M	10x	as long as short
Extended VELVET-USDlong	+0.0312%	1h	0.05843	long leg	$2K	$163K	5x
BloFin VELVET-USDT	+0.0550%	4h	0.05843	+0.007%	$260K	$131K	50x	as long as short