Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate0.000%7-day average +0.151% · you sell dearer than you buy

Net, funding: paid 7d − costs−$476as in the Funding arb table

Net, price: spread back to 7d avg − costs−$535as in the Price arb table

costs, in and out, $10k−$5205.199% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.438%+$44 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now 0.000%, 7d avg +0.151%

Together, before fees+0.588%+$59 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.151% cheaper against Gate than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.151%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VELVET_USDT	0.05932	0.0100	pay 0.0050% / 4h	3h 33m	$704K	$923K	10x
Short	KuCoin VELVETUSDTM	0.05932	0.0100	get 0.0050% / 4h	3h 33m	$1.0M	$511K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.151%: −$15.07
Slippage, 4 orders: −$492.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$534.99
Costs to cover: 5.199%
Break-even: never at this rate

Slippage from Gate: live order book, 64 min ago; KuCoin: live order book, 1 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, 64 min ago	9.30 bp	106.4 bp −$106	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	12.66 bp	62.7 bp −$63	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	0.05925	−0.110%	$9K	$16K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05920	−0.202%	$1.6M	$1.5M	5x	as long as short
Gate VELVET_USDTlong	+0.0100%	4h	0.05932	long leg	$704K	$923K	10x
KuCoin VELVETUSDTMshort	+0.0100%	4h	0.05932	0.000%	$1.0M	$511K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05930	−0.034%	$1.1M	$632K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05964	+0.540%	$39K	$54K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05963	+0.523%	$12K	$17K	20x	as long as short
MEXC VELVET_USDT	+0.0566%	4h	0.05926	−0.101%	$2.0M	$395K	50x	as long as short
Binance VELVETUSDT	+0.0568%	4h	0.05924	−0.137%	$4.4M	$5.6M	10x	as long as short
Extended VELVET-USD	+0.0568%	1h	0.05927	−0.079%	$2K	$240K	5x	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	+0.0584%	4h	0.05921	−0.185%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0590%	4h	0.05964	+0.545%	$2K	$195K	10x	as long as short
BloFin VELVET-USDT	+0.0808%	4h	0.05959	+0.455%	$266K	$134K	50x	as long as short