Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: KuCoin against HTX−0.426%51s7-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 KuCoin

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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.426% cheaper against HTX than usual: you would sell low and buy high, −$43 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	HTX VELVET-USDT	0.05864	0.0100	pay 0.0050% / 4h	1h 50m	$12K	$21K	20x
Short	KuCoin VELVETUSDTM	0.05839	0.0100	get 0.0050% / 4h	1h 50m	$939K	$524K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now −0.426%Rate

Funding earned: $0
Price spread: −0.426% → 0.000%: −$42.63
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$66.63
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 29 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 KuCoin live order book, 29 min ago	11.05 bp	273.5 bp −$274	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	0.05847	−0.286%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05838	−0.443%	$697K	$915K	10x	as long as short
KuCoin VELVETUSDTMshort	+0.0100%	4h	0.05839	−0.426%	$939K	$524K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05863	−0.017%	$1.1M	$631K	10x	as long as short
HTX VELVET-USDTlong	+0.0100%	4h	0.05864	long leg	$12K	$21K	20x
Variational Omni VELVET	+0.0222%	4h	0.05844	−0.340%	$35K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0235%	4h	0.05853	−0.188%	$1.6M	$1.5M	5x	as long as short
MEXC VELVET_USDT	+0.0508%	4h	0.05863	−0.017%	$2.0M	$381K	50x	as long as short
Binance VELVETUSDT	+0.0509%	4h	0.05861	−0.059%	$4.3M	$5.5M	10x	as long as short
Extended VELVET-USD	+0.0512%	1h	0.05852	−0.202%	$2K	$150K	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	+0.0528%	4h	0.05863	−0.017%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0535%	4h	0.05847	−0.287%	$2K	$199K	10x	as long as short
BloFin VELVET-USDT	+0.0749%	4h	0.05840	−0.409%	$262K	$129K	50x	as long as short