VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.164%

Price spread now: BloFin against Gate+0.189%63s7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2432.431% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.587%+$59 on $10k

Price spread, last 4 days (all we have)+0.205%+$20 · spread now +0.189%, 7d avg +0.123%

Together, before fees+0.792%+$79 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.066% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.123%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VELVET_USDT	0.05816	0.0100	pay 0.0050% / 4h	10m 06s	$688K	$927K	10x
Short	BloFin VELVET-USDT	0.05827	0.0340	get 0.0170% / 4h	10m 06s	$263K	$97K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.189%Rate

Funding earned: $50.4
Price spread: +0.189% → +0.123%: $6.56
Slippage, 4 orders: −$216.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$186.17
Costs to cover: 2.431%
Break-even: 32.9 days

Slippage from Gate: live order book, 30 min ago; BloFin: live order book, 24 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, 30 min ago	5.16 bp	87.4 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 24 min ago	10.28 bp	26.3 bp −$26	67.0 bp −$670	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	0.05824	+0.137%	$8K	$12K	5x	as long as short
Binance VELVETUSDT	+0.0100%	4h	0.05829	+0.230%	$4.3M	$4.7M	10x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05822	+0.103%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDTlong	+0.0100%	4h	0.05816	long leg	$688K	$927K	10x
MEXC VELVET_USDT	+0.0100%	4h	0.05827	+0.189%	$2.0M	$369K	50x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05818	+0.034%	$1.0M	$377K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05834	+0.309%	$1.1M	$555K	10x	as long as short
BingX VELVET-USDT	+0.0100%	4h	0.05827	+0.189%	—	$1.4M	—	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05813	−0.045%	$38K	$10K	—	as long as short
edgeX VELVETUSDC	+0.0100%	4h	0.05830	+0.236%	$1K	$183K	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	0.05821	+0.086%	$12K	$12K	20x	as long as short
Extended VELVET-USD	+0.0104%	1h	0.05817	+0.023%	$4K	$223K	5x	as long as short
BloFin VELVET-USDTshort	+0.0340%	4h	0.05827	+0.189%	$263K	$97K	50x