Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.029%

Price spread now: Gate against KuCoin+0.068%7-day average −0.152% · you sell dearer than you buy

Net, funding: paid 7d − costs−$644as in the Funding arb table

Net, price: spread back to 7d avg − costs−$580as in the Price arb table

costs, in and out, $10k−$6026.019% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.423%−$42 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.068%, 7d avg −0.152%

Together, before fees−0.615%−$62 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: Gate is 0.220% dearer against KuCoin than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.152%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VELVETUSDTM	0.05911	0.0100	pay 0.0050% / 4h	18m 52s	$949K	$503K	10x
Short	Gate VELVET_USDT	0.05915	0.0100	get 0.0050% / 4h	18m 52s	$704K	$931K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → −0.152%: $21.98
Slippage, 4 orders: −$574.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$579.88
Costs to cover: 6.019%
Break-even: never at this rate

Slippage from KuCoin: live order book, 56 min ago; Gate: live order book, 18 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, 56 min ago	11.13 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 18 min ago	9.30 bp	196.3 bp −$196	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
Gate VELVET_USDTshort	+0.0100%	4h	0.05915	+0.068%	$704K	$931K	10x
KuCoin VELVETUSDTMlong	+0.0100%	4h	0.05911	long leg	$949K	$503K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05932	+0.355%	$1.1M	$621K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05905	−0.102%	$12K	$19K	20x	as long as short
Aster VELVETUSDT	+0.0131%	4h	0.05909	−0.039%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0155%	4h	0.05923	+0.203%	$1.6M	$1.5M	5x	as long as short
Variational Omni VELVET	+0.0219%	4h	0.05904	−0.119%	$36K	$51K	—	as long as short
BingX VELVET-USDT	+0.0574%	4h	0.05926	+0.254%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0604%	4h	0.05899	−0.211%	$1K	$196K	10x	as long as short
MEXC VELVET_USDT	+0.0604%	4h	0.05924	+0.220%	$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
Extended VELVET-USD	+0.0608%	1h	0.05921	+0.176%	$3K	$235K	5x	as long as short
Binance VELVETUSDT	+0.0611%	4h	0.05926	+0.254%	$4.4M	$5.5M	10x	as long as short
BloFin VELVET-USDT	+0.0851%	4h	0.05904	−0.118%	$264K	$132K	50x	as long as short