Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0444%/8h= +48.6% APRpaid last 24h +0.035%

Price spread now: Extended against KuCoin−0.077%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$473as in the Funding arb table

Net, price: spread back to 7d avg − costs−$449as in the Price arb table

costs, in and out, $10k−$4504.504% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.077%, 7d avg −0.095%

Together, before fees−0.272%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.095%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.222%, 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 -0.222% in total (about -11.6% a year). A funding rate is set anew for every payment. 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	0.05878	0.0100	pay 0.0050% / 4h	1h 46m	$945K	$524K	10x
Short	Extended VELVET-USD	0.05873	0.0544	get 0.0068% / 1h	46m 00s	$2K	$150K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.077%Rate

Funding earned: $93.24
Price spread: −0.077% → −0.095%: $1.76
Slippage, 4 orders: −$433.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$355.4
Costs to cover: 4.504%
Break-even: 33.7 days

Slippage from KuCoin: live order book, 33 min ago; Extended: live order book, 60 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, 33 min ago	11.05 bp	59.5 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 60 min ago	7.76 bp	66.2 bp −$66	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	+0.034%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05878	0.000%	$701K	$917K	10x	as long as short
KuCoin VELVETUSDTMlong	+0.0100%	4h	0.05878	long leg	$945K	$524K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05887	+0.153%	$1.1M	$633K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05889	+0.187%	$12K	$21K	20x	as long as short
Variational Omni VELVET	+0.0222%	4h	0.05844	−0.578%	$35K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0234%	4h	0.05880	+0.034%	$1.6M	$1.5M	5x	as long as short
BingX VELVET-USDT	+0.0492%	4h	0.05881	+0.051%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0509%	4h	0.05873	−0.087%	$2K	$200K	10x	as long as short
Extended VELVET-USDshort	+0.0544%	1h	0.05873	−0.077%	$2K	$150K	5x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC VELVET_USDT	+0.0546%	4h	0.05876	−0.034%	$2.0M	$382K	50x	as long as short
Binance VELVETUSDT	+0.0547%	4h	0.05875	−0.052%	$4.4M	$5.5M	10x	as long as short
BloFin VELVET-USDT	+0.0787%	4h	0.05873	−0.085%	$264K	$129K	50x	as long as short