Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.012%

Price spread now: MEXC against Extended−0.020%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1461.463% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.020%, 7d avg +0.044%

Together, before fees+0.094%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.064% cheaper against Extended than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.044%). If the spread goes back, that is −$6 on $10k: about 15 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VELVET-USD	0.05825	0.0208	pay 0.0026% / 1h	54m 59s	$2K	$234K	5x
Short	MEXC VELVET_USDT	0.05824	0.0222	get 0.0111% / 4h	1h 54m	$2.0M	$366K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.020%Rate

Funding earned: $2.94
Price spread: −0.020% → +0.044%: −$6.43
Slippage, 4 orders: −$141.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$149.75
Costs to cover: 1.463%
Break-even: 363.5 days

Slippage from Extended: live order book, 54 min ago; MEXC: live order book, 5 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, 54 min ago	6.25 bp	59.9 bp −$60	443.6 bp −$4,436	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.71 bp	15.7 bp −$16	63.2 bp −$632	151.3 bp −$15.1K	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	+0.054%	$8K	$16K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05830	+0.083%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05825	−0.003%	$689K	$912K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05827	+0.032%	$1.0M	$402K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05835	+0.169%	$1.1M	$568K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05834	+0.144%	$38K	$12K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05839	+0.238%	$12K	$15K	20x	as long as short
Extended VELVET-USDlong	+0.0208%	1h	0.05825	long leg	$2K	$234K	5x
Binance VELVETUSDT	+0.0212%	4h	0.05825	−0.003%	$4.3M	$5.0M	10x	as long as short
MEXC VELVET_USDTshort	+0.0222%	4h	0.05824	−0.020%	$2.0M	$366K	50x

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX VELVETUSDC	+0.0232%	4h	0.05831	+0.095%	$1K	$189K	10x	as long as short
BingX VELVET-USDT	+0.0258%	4h	0.05826	+0.015%	—	$1.4M	—	as long as short
BloFin VELVET-USDT	+0.0462%	4h	0.05824	−0.020%	$260K	$116K	50x	as long as short