Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.058%

Price spread now: Extended against HTX−0.043%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.043% cheaper against HTX than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX VELVET-USDT	0.05862	0.0100	pay 0.0050% / 4h	2h 36m	$12K	$21K	20x
Short	Extended VELVET-USD	0.05859	0.0440	get 0.0055% / 1h	36m 15s	$1K	$151K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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 HTXbpFee ExtendedbpOrdersPrice spread, now −0.043%Rate

Funding earned: $71.4
Price spread: −0.043% → 0.000%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $50.09
Costs to cover: 0.170%
Break-even: 2.1 days

Slippage unknown: HTX: no order-book sample; Extended: live order book, 9 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 HTX no order-book sample	—	—	—	—	—
Sell Extended live order book, 9 min ago	7.76 bp	66.2 bp −$66	doesn't fit	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.065%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05860	−0.034%	$705K	$916K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05856	−0.102%	$936K	$522K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05876	+0.239%	$1.1M	$629K	10x	as long as short
HTX VELVET-USDTlong	+0.0100%	4h	0.05862	long leg	$12K	$21K	20x
Variational Omni VELVET	+0.0218%	4h	0.05844	−0.305%	$35K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0243%	4h	0.05870	+0.136%	$1.6M	$1.5M	5x	as long as short
Extended VELVET-USDshort	+0.0440%	1h	0.05859	−0.043%	$1K	$151K	5x
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	+0.136%	$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	−0.085%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0487%	4h	0.05818	−0.751%	$1K	$201K	10x	as long as short
BloFin VELVET-USDT	+0.0692%	4h	0.05854	−0.136%	$262K	$131K	50x	as long as short