VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0435%/8h= +47.7% APRnext payment +$2.18 per $10,000 · paid last 24h +0.152%

Price spread now: BingX against KuCoin+0.085%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2392.395% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.085%, 7d avg −0.041%

Together, before fees−0.055%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BingX is 0.125% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.041%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.18 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	0.05890	0.0100	pay 0.0050% / 4h	3h 28m	$1.0M	$511K	10x
Short	BingX VELVET-USDT	0.05895	0.0535	get 0.0268% / 4h	3h 28m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $91.39
Price spread: +0.085% → −0.041%: $12.54
Slippage, 4 orders: −$217.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$135.52
Costs to cover: 2.395%
Break-even: 17.4 days

Slippage from KuCoin: live order book, 7 min ago; BingX: live order book, 3 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, 7 min ago	12.66 bp	154.5 bp −$155	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.85 bp	11.8 bp −$12	58.0 bp −$580	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	0.05890	−0.006%	$8K	$16K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05897	+0.119%	$1.6M	$1.5M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05889	−0.017%	$699K	$926K	10x	as long as short
KuCoin VELVETUSDTMlong	+0.0100%	4h	0.05890	long leg	$1.0M	$511K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05903	+0.221%	$1.1M	$636K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05909	+0.323%	$39K	$54K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05902	+0.204%	$12K	$17K	20x	as long as short
Extended VELVET-USD	+0.0520%	1h	0.05892	+0.036%	$2K	$238K	5x	as long as short
Binance VELVETUSDT	+0.0521%	4h	0.05898	+0.138%	$4.3M	$5.6M	10x	as long as short
MEXC VELVET_USDT	+0.0532%	4h	0.05893	+0.051%	$2.0M	$402K	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-USDTshort	+0.0535%	4h	0.05895	+0.085%	—	$1.4M	—
edgeX VELVETUSDC	+0.0559%	4h	0.05910	+0.336%	$2K	$196K	10x	as long as short
BloFin VELVET-USDT	+0.0772%	4h	0.05893	+0.051%	$265K	$132K	50x	as long as short