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 +0.010%

Price spread now: Bitget against KuCoin+0.204%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$301as in the Funding arb table

Net, price: spread back to 7d avg − costs−$253as in the Price arb table

costs, in and out, $10k−$2692.693% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now +0.204%, 7d avg +0.036%

Together, before fees−0.520%−$52 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: Bitget is 0.168% dearer against KuCoin than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VELVETUSDTM	0.05885	0.0100	pay 0.0050% / 4h	2h 58m	$1.0M	$464K	10x
Short	Bitget VELVETUSDT	0.05897	0.0100	get 0.0050% / 4h	2h 58m	$1.1M	$595K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.204%Rate

Funding earned: $0
Price spread: +0.204% → +0.036%: $16.79
Slippage, 4 orders: −$245.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$252.51
Costs to cover: 2.693%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 2 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, 6 min ago	11.86 bp	148.8 bp −$149	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.23 bp	41.7 bp −$42	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	0.05880	−0.085%	$8K	$16K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05887	+0.034%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05879	−0.102%	$687K	$903K	10x	as long as short
KuCoin VELVETUSDTMlong	+0.0100%	4h	0.05885	long leg	$1.0M	$464K	10x
Bitget VELVETUSDTshort	+0.0100%	4h	0.05897	+0.204%	$1.1M	$595K	10x
Variational Omni VELVET	+0.0100%	4h	0.05894	+0.151%	$39K	$15K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05897	+0.204%	$12K	$17K	20x	as long as short
Binance VELVETUSDT	+0.0459%	4h	0.05882	−0.051%	$4.3M	$5.5M	10x	as long as short
Extended VELVET-USD	+0.0464%	1h	0.05879	−0.096%	$2K	$234K	5x	as long as short
MEXC VELVET_USDT	+0.0464%	4h	0.05882	−0.051%	$2.0M	$387K	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	0.05878	−0.119%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0483%	4h	0.05894	+0.161%	$1K	$194K	10x	as long as short
BloFin VELVET-USDT	+0.0706%	4h	0.05892	+0.119%	$261K	$130K	50x	as long as short