Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0362%/8h= −39.6% APRpaid last 24h +0.093%

Price spread now: Variational Omni against Extended−0.214%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Variational Omni is 0.214% cheaper against Extended than usual: you would sell low and buy high (−$21 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	0.05856	0.0584	pay 0.0073% / 1h	7m 01s	$3K	$113K	5x
Short	Variational Omni VELVET	0.05844	0.0222	get 0.0111% / 4h	1h 07m	$35K	$51K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.214%Rate

Funding earned: −$76
Price spread: −0.214% → 0.000%: −$21.38
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$102.38
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 34 min ago; Variational Omni: 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, 34 min ago	7.93 bp	48.9 bp −$49	404.7 bp −$4,047	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Gate VELVET_USDT	+0.0100%	4h	0.05859	+0.044%	$697K	$935K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05857	+0.010%	$939K	$515K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05851	−0.093%	$12K	$20K	20x	as long as short
Bitget VELVETUSDT	+0.0102%	4h	0.05870	+0.232%	$1.1M	$631K	10x	as long as short
Aster VELVETUSDT	+0.0126%	4h	0.05849	−0.122%	$9K	$18K	5x	as long as short
Variational Omni VELVETshort	+0.0222%	4h	0.05844	−0.214%	$35K	$51K	—
Bybit VELVETUSDT	+0.0299%	4h	0.05864	+0.129%	$1.6M	$1.5M	5x	as long as short
BingX VELVET-USDT	+0.0528%	4h	0.05866	+0.163%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0553%	4h	0.05865	+0.142%	$2K	$197K	10x	as long as short
MEXC VELVET_USDT	+0.0574%	4h	0.05860	+0.061%	$2.0M	$386K	50x	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	+0.0584%	1h	0.05856	long leg	$3K	$113K	5x
Binance VELVETUSDT	+0.0586%	4h	0.05863	+0.116%	$4.3M	$5.5M	10x	as long as short
BloFin VELVET-USDT	+0.0826%	4h	0.05856	−0.008%	$260K	$129K	50x	as long as short