VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0323%/8h= +35.3% APRnext payment +$1.61 per $10,000 · paid last 24h +0.128%

Price spread now: Bybit against KuCoin+0.137%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$447as in the Funding arb table

Net, price: spread back to 7d avg − costs−$422as in the Price arb table

costs, in and out, $10k−$4364.359% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.137%, 7d avg −0.004%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.141% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.108%, 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 -0.108% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.61 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	0.05843	0.0100	pay 0.0050% / 4h	2h 11m	$934K	$525K	10x
Short	Bybit VELVETUSDT	0.05851	0.0423	get 0.0211% / 4h	2h 11m	$1.6M	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.137%Rate

Funding earned: $67.74
Price spread: +0.137% → −0.004%: $14.07
Slippage, 4 orders: −$412.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$354.08
Costs to cover: 4.359%
Break-even: 43.6 days

Slippage from KuCoin: live order book, 8 min ago; Bybit: live order book, 5 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, 8 min ago	11.05 bp	59.5 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	8.48 bp	53.5 bp −$53	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	0.05853	+0.167%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05845	+0.034%	$702K	$932K	10x	as long as short
KuCoin VELVETUSDTMlong	+0.0100%	4h	0.05843	long leg	$934K	$525K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05864	+0.359%	$1.1M	$635K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05857	+0.240%	$12K	$21K	20x	as long as short
Variational Omni VELVET	+0.0347%	4h	0.05879	+0.617%	$36K	$51K	—	as long as short
Bybit VELVETUSDTshort	+0.0423%	4h	0.05851	+0.137%	$1.6M	$1.5M	5x
Binance VELVETUSDT	+0.0493%	4h	0.05852	+0.154%	$4.3M	$5.5M	10x	as long as short
Extended VELVET-USD	+0.0496%	1h	0.05852	+0.158%	$6K	$152K	5x	as long as short
BingX VELVET-USDT	+0.0502%	4h	0.05857	+0.240%	—	$1.4M	—	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	+0.0504%	4h	0.05852	+0.154%	$2.0M	$395K	50x	as long as short
edgeX VELVETUSDC	+0.0509%	4h	0.05865	+0.369%	$2K	$200K	10x	as long as short
BloFin VELVET-USDT	+0.0749%	4h	0.05867	+0.411%	$260K	$132K	50x	as long as short