Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.078%

Price spread now: KuCoin against Extended−0.054%7-day average +0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$264as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$2842.845% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.054%, 7d avg +0.090%

Together, before fees+0.330%+ Points / potential airdropExtended: Active · farm board+$33 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: KuCoin is 0.144% cheaper against Extended than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VELVET-USD	0.05806	0.0104	pay 0.0013% / 1h	5m 37s	$2K	$225K	5x
Short	KuCoin VELVETUSDTM	0.05803	0.0100	get 0.0050% / 4h	1h 05m	$1.0M	$385K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$0.84
Price spread: −0.054% → +0.090%: −$14.38
Slippage, 4 orders: −$267.46
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$299.68
Costs to cover: 2.845%
Break-even: never at this rate

Slippage from Extended: live order book, 39 min ago; KuCoin: 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, 39 min ago	7.60 bp	58.7 bp −$59	438.5 bp −$4,385	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	9.47 bp	63.9 bp −$64	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	0.05806	+0.002%	$8K	$16K	5x	as long as short
Binance VELVETUSDT	+0.0100%	4h	0.05808	+0.033%	$4.3M	$4.8M	10x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05800	−0.105%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05804	−0.036%	$687K	$940K	10x	as long as short
MEXC VELVET_USDT	+0.0100%	4h	0.05808	+0.033%	$2.0M	$379K	50x	as long as short
KuCoin VELVETUSDTMshort	+0.0100%	4h	0.05803	−0.054%	$1.0M	$385K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05817	+0.188%	$1.1M	$561K	10x	as long as short
BingX VELVET-USDT	+0.0100%	4h	0.05806	−0.002%	—	$1.4M	—	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05803	−0.046%	$38K	$12K	—	as long as short
edgeX VELVETUSDC	+0.0100%	4h	0.05812	+0.108%	$1K	$187K	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	0.05804	−0.036%	$12K	$14K	20x	as long as short
Extended VELVET-USDlong	+0.0104%	1h	0.05806	long leg	$2K	$225K	5x
BloFin VELVET-USDT	+0.0340%	4h	0.05793	−0.226%	$262K	$98K	50x	as long as short