Funding you earn now, next payment 04:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.51 per $10,000 · paid last 24h +0.058%
Price spread now: Binance against Gate−0.245%7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$330as in the Price arb table
costs, in and out, $10k−$2952.946% of the position
Funding, last 7 days+0.135%+$14 on $10k
+Price spread, last 4 days (all we have)+0.365%+$36 · spread now −0.245%, 7d avg +0.110%
=Funding pays, the price is against you. Binance is 0.355% cheaper against Gate than usual: you would sell low and buy high (spread −0.245% now, against its 7-day average of +0.110%). If the spread goes back, that is −$36 on $10k: about 12 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VELVET_USDT | 0.05836 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $696K | $905K | 10x |
| Short | Binance VELVETUSDT | 0.05822 | 0.0201 | get 0.0101% / 4h | 1h 15m | $4.3M | $5.5M | 10x |
Gate VELVET_USDT
Binance VELVETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21.26
- Price spread: −0.245% → +0.110%
- −$35.52
- Slippage, 4 orders
- −$269.6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$308.85
- Costs to cover
- 2.946%
- Break-even
- 108.7 days
Slippage from Gate: live order book, 47 min ago; Binance: live order book, 8 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 Gate live order book, 47 min ago | 5.12 bp | 140.2 bp −$140 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.86 bp | 25.7 bp −$26 | 113.3 bp −$1,133 | 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 | 0.05824 | −0.199% | $9K | $18K | 5x | as long as short |
| Bybit VELVETUSDT | +0.0100% | 4h | 0.05830 | −0.103% | $1.6M | $1.4M | 5x | as long as short |
| Gate VELVET_USDTlong | +0.0100% | 4h | 0.05836 | long leg | $696K | $905K | 10x | |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05837 | +0.017% | $944K | $529K | 10x | as long as short |
| Bitget VELVETUSDT | +0.0100% | 4h | 0.05832 | −0.069% | $1.1M | $661K | 10x | as long as short |
| Variational Omni VELVET | +0.0100% | 4h | 0.05854 | +0.306% | $35K | $51K | — | as long as short |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05837 | +0.017% | $12K | $25K | 20x | as long as short |
| BingX VELVET-USDT | +0.0150% | 4h | 0.05838 | +0.034% | — | $1.4M | — | as long as short |
| edgeX VELVETUSDC | +0.0154% | 4h | 0.05826 | −0.164% | $2K | $205K | 10x | as long as short |
| MEXC VELVET_USDT | +0.0172% | 4h | 0.05826 | −0.171% | $2.0M | $400K | 50x | as long as short |
Aster VELVETUSDT
Bybit VELVETUSDT
KuCoin VELVETUSDTM
Bitget VELVETUSDT
Variational Omni VELVET
HTX VELVET-USDT
BingX VELVET-USDT
edgeX VELVETUSDC
MEXC VELVET_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended VELVET-USD | +0.0200% | 1h | 0.05823 | −0.229% | $5K | $161K | 5x | as long as short |
| Binance VELVETUSDTshort | +0.0201% | 4h | 0.05822 | −0.245% | $4.3M | $5.5M | 10x | |
| BloFin VELVET-USDT | +0.0441% | 4h | 0.05836 | 0.000% | $261K | $130K | 50x | as long as short |
Extended VELVET-USD
BloFin VELVET-USDT