VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.165%

Price spread now: BingX against Gate−0.103%7-day average +0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$297as in the Price arb table

costs, in and out, $10k−$2752.754% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.422%+$42 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.103%, 7d avg +0.111%

Together, before fees+0.646%+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.213% cheaper against Gate than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.111%). If the spread goes back, that is −$21 on $10k: about 14 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.422% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VELVET_USDT	0.05827	0.0100	pay 0.0050% / 4h	1h 14m	$695K	$906K	10x
Short	BingX VELVET-USDT	0.05821	0.0152	get 0.0076% / 4h	1h 14m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 GatebpFee BingXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $10.92
Price spread: −0.103% → +0.111%: −$21.35
Slippage, 4 orders: −$250.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$285.81
Costs to cover: 2.754%
Break-even: 190.2 days

Slippage from Gate: live order book, 47 min ago; BingX: live order book, 7 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 BingX live order book, 7 min ago	2.58 bp	17.9 bp −$18	67.1 bp −$671	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	0.05821	−0.103%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05830	+0.051%	$1.6M	$1.4M	5x	as long as short
Gate VELVET_USDTlong	+0.0100%	4h	0.05827	long leg	$695K	$906K	10x
KuCoin VELVETUSDTM	+0.0100%	4h	0.05826	−0.017%	$942K	$529K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05828	+0.017%	$1.1M	$660K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05854	+0.461%	$35K	$51K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05837	+0.172%	$12K	$25K	20x	as long as short
BingX VELVET-USDTshort	+0.0152%	4h	0.05821	−0.103%	—	$1.4M	—
edgeX VELVETUSDC	+0.0154%	4h	0.05826	−0.010%	$2K	$205K	10x	as long as short
Extended VELVET-USD	+0.0200%	1h	0.05820	−0.114%	$5K	$161K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC VELVET_USDT	+0.0200%	4h	0.05820	−0.120%	$2.0M	$400K	50x	as long as short
Binance VELVETUSDT	+0.0201%	4h	0.05824	−0.049%	$4.3M	$5.5M	10x	as long as short
BloFin VELVET-USDT	+0.0441%	4h	0.05836	+0.154%	$261K	$130K	50x	as long as short