VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0533%/8h= +58.4% APRnext payment +$2.66 per $10,000 · paid last 24h +0.037%

Price spread now: Binance against KuCoin+0.483%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$381as in the Funding arb table

Net, price: spread back to 7d avg − costs−$303as in the Price arb table

costs, in and out, $10k−$3553.553% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.257%−$26 on $10k

Price spread, last 4 days (all we have)−0.460%−$46 · spread now +0.483%, 7d avg −0.044%

Together, before fees−0.717%−$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Binance is 0.527% dearer against KuCoin than usual: you sell high and buy low: +$53 more if the spread goes back to its 7-day average of −0.044%. Mind the row above: over the last 7 days funding on this pair cost −0.257%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.257% in total (about -13.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.66 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	KuCoin VELVETUSDTM	0.05939	0.0100	pay 0.0050% / 4h	15m 01s	$954K	$502K	10x
Short	Binance VELVETUSDT	0.05968	0.0633	get 0.0316% / 4h	15m 01s	$4.4M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.483%Rate

Funding earned: $111.93
Price spread: +0.483% → −0.044%: $52.68
Slippage, 4 orders: −$333.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$190.73
Costs to cover: 3.553%
Break-even: 18.9 days

Slippage from KuCoin: live order book, 59 min ago; Binance: live order book, 8 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 KuCoin live order book, 59 min ago	11.13 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.69 bp	29.6 bp −$30	141.3 bp −$1,413	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
Gate VELVET_USDT	+0.0100%	4h	0.05963	+0.404%	$710K	$934K	10x	as long as short
KuCoin VELVETUSDTMlong	+0.0100%	4h	0.05939	long leg	$954K	$502K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05981	+0.707%	$1.1M	$631K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05929	−0.168%	$12K	$19K	20x	as long as short
Bybit VELVETUSDT	+0.0135%	4h	0.05965	+0.438%	$1.6M	$1.5M	5x	as long as short
Aster VELVETUSDT	+0.0140%	4h	0.05961	+0.371%	$9K	$18K	5x	as long as short
Variational Omni VELVET	+0.0178%	4h	0.05944	+0.086%	$36K	$51K	—	as long as short
BingX VELVET-USDT	+0.0580%	4h	0.05972	+0.556%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0611%	4h	0.05923	−0.264%	$2K	$197K	10x	as long as short
Extended VELVET-USD	+0.0632%	1h	0.05948	+0.158%	$3K	$240K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC VELVET_USDT	+0.0632%	4h	0.05957	+0.303%	$2.1M	$388K	50x	as long as short
Binance VELVETUSDTshort	+0.0633%	4h	0.05968	+0.483%	$4.4M	$5.5M	10x
BloFin VELVET-USDT	+0.0873%	4h	0.05946	+0.118%	$266K	$133K	50x	as long as short