Funding arb · Price arb /

VELVET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0428%/8h= −46.9% APRpaid last 24h −0.064%

Price spread now: HTX against Extended−0.672%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 0.672% cheaper against Extended than usual: you would sell low and buy high (−$67 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VELVET-USD	0.05883	0.0528	pay 0.0066% / 1h	48m 13s	$2K	$150K	5x
Short	HTX VELVET-USDT	0.05843	0.0100	get 0.0050% / 4h	1h 48m	$12K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.672%Rate

Funding earned: −$89.88
Price spread: −0.672% → 0.000%: −$67.16
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$174.04
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 57 min ago; HTX: no order-book sample. Net counts fees only.

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, 57 min ago	7.76 bp	51.2 bp −$51	414.2 bp −$4,142	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.05875	−0.128%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05866	−0.281%	$700K	$916K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05861	−0.366%	$942K	$524K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05893	+0.178%	$1.1M	$632K	10x	as long as short
HTX VELVET-USDTshort	+0.0100%	4h	0.05843	−0.672%	$12K	$21K	20x
Variational Omni VELVET	+0.0222%	4h	0.05844	−0.654%	$35K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0263%	4h	0.05879	−0.060%	$1.6M	$1.5M	5x	as long as short
MEXC VELVET_USDT	+0.0502%	4h	0.05883	+0.008%	$2.0M	$381K	50x	as long as short
BingX VELVET-USDT	+0.0508%	4h	0.05867	−0.264%	—	$1.4M	—	as long as short
Binance VELVETUSDT	+0.0524%	4h	0.05884	+0.027%	$4.4M	$5.5M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended VELVET-USDlong	+0.0528%	1h	0.05883	long leg	$2K	$150K	5x
edgeX VELVETUSDC	+0.0535%	4h	0.05847	−0.600%	$2K	$199K	10x	as long as short
BloFin VELVET-USDT	+0.0742%	4h	0.05868	−0.247%	$264K	$129K	50x	as long as short