Funding you earn now, next payment 08:00 UTC+0.0253%/8h= +27.7% APRnext payment +$1.26 per $10,000 · paid last 24h +0.157%
Price spread now: Bybit against Gate+0.086%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$268as in the Price arb table
costs, in and out, $10k−$2622.616% of the position
Funding, last 7 days+0.315%+$32 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.086%, 7d avg +0.153%
=Funding pays, the price is against you. Bybit is 0.067% cheaper against Gate than usual: you would sell low and buy high (spread +0.086% now, against its 7-day average of +0.153%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VELVET_USDT | 0.05845 | 0.0100 | pay 0.0050% / 4h | 3h 10m | $701K | $916K | 10x |
| Short | Bybit VELVETUSDT | 0.05850 | 0.0353 | get 0.0176% / 4h | 3h 10m | $1.6M | $1.4M | 5x |
Gate VELVET_USDT
Bybit VELVETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $53.05
- Price spread: +0.086% → +0.153%
- −$6.72
- Slippage, 4 orders
- −$235.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$215.25
- Costs to cover
- 2.616%
- Break-even
- 35.4 days
Slippage from Gate: live order book, 41 min ago; Bybit: 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 Gate live order book, 41 min ago | 6.00 bp | 79.6 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 8.50 bp | 46.7 bp −$47 | doesn't fit | 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 | 0.05857 | +0.200% | $9K | $18K | 5x | as long as short |
| Gate VELVET_USDTlong | +0.0100% | 4h | 0.05845 | long leg | $701K | $916K | 10x | |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05838 | −0.120% | $930K | $520K | 10x | as long as short |
| Bitget VELVETUSDT | +0.0100% | 4h | 0.05849 | +0.068% | $1.1M | $627K | 10x | as long as short |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05885 | +0.684% | $12K | $22K | 20x | as long as short |
| Variational Omni VELVET | +0.0220% | 4h | 0.05849 | +0.067% | $36K | $51K | — | as long as short |
| Bybit VELVETUSDTshort | +0.0353% | 4h | 0.05850 | +0.086% | $1.6M | $1.4M | 5x | |
| BingX VELVET-USDT | +0.0456% | 4h | 0.05869 | +0.411% | — | $1.4M | — | as long as short |
| edgeX VELVETUSDC | +0.0463% | 4h | 0.05881 | +0.618% | $2K | $201K | 10x | as long as short |
| Extended VELVET-USD | +0.0480% | 1h | 0.05845 | +0.003% | $2K | $153K | 5x | as long as short |
Aster VELVETUSDT
KuCoin VELVETUSDTM
Bitget VELVETUSDT
HTX VELVET-USDT
Variational Omni VELVET
BingX VELVET-USDT
edgeX VELVETUSDC
Extended VELVET-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC VELVET_USDT | +0.0480% | 4h | 0.05845 | 0.000% | $2.0M | $401K | 50x | as long as short |
| Binance VELVETUSDT | +0.0482% | 4h | 0.05846 | +0.017% | $4.3M | $5.4M | 10x | as long as short |
| BloFin VELVET-USDT | +0.0722% | 4h | 0.05842 | −0.051% | $259K | $131K | 50x | as long as short |
MEXC VELVET_USDT
Binance VELVETUSDT
BloFin VELVET-USDT