VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0387%/8h= +42.4% APRnext payment +$1.94 per $10,000 · paid last 24h +0.065%

Price spread now: edgeX against Gate−0.717%67s7-day average +0.117% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)+0.763%+$76 · spread now −0.717%, 7d avg +0.117%

Together, before fees+0.928%+ Points / potential airdropedgeX: Active · farm board+$93 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.834% cheaper against Gate than usual: you would sell low and buy high (spread −0.717% now, against its 7-day average of +0.117%). If the spread goes back, that is −$83 on $10k: about 7.2 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.164% in total) that is about 35 days. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.164% in total (about 8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VELVET_USDT	0.05860	0.0100	pay 0.0050% / 4h	2h 36m	$705K	$916K	10x
Short	edgeX VELVETUSDC	0.05818	0.0487	get 0.0244% / 4h	2h 36m	$1K	$201K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now −0.717%Rate

Funding earned: $81.3
Price spread: −0.717% → +0.117%: −$83.39
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$26.08
Costs to cover: 0.240%
Break-even: 9.2 days

Slippage unknown: Gate: live order book, 10 min ago; edgeX: live order book, 10 min ago. 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 Gate live order book, 10 min ago	6.82 bp	114.7 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 10 min ago	2.55 bp	doesn't fit	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	0.05858	−0.031%	$9K	$18K	5x	as long as short
Gate VELVET_USDTlong	+0.0100%	4h	0.05860	long leg	$705K	$916K	10x
KuCoin VELVETUSDTM	+0.0100%	4h	0.05856	−0.068%	$936K	$522K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05876	+0.273%	$1.1M	$629K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05862	+0.034%	$12K	$21K	20x	as long as short
Variational Omni VELVET	+0.0218%	4h	0.05844	−0.271%	$35K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0243%	4h	0.05870	+0.171%	$1.6M	$1.5M	5x	as long as short
Extended VELVET-USD	+0.0440%	1h	0.05859	−0.009%	$1K	$151K	5x	as long as short
Binance VELVETUSDT	+0.0444%	4h	0.05861	+0.017%	$4.3M	$5.4M	10x	as long as short
MEXC VELVET_USDT	+0.0450%	4h	0.05870	+0.171%	$2.0M	$388K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX VELVET-USDT	+0.0470%	4h	0.05857	−0.051%	—	$1.4M	—	as long as short
edgeX VELVETUSDCshort	+0.0487%	4h	0.05818	−0.717%	$1K	$201K	10x
BloFin VELVET-USDT	+0.0692%	4h	0.05854	−0.102%	$262K	$131K	50x	as long as short