VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.095%

Price spread now: BingX against MEXC−0.205%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.205%, 7d avg +0.004%

Together, before fees+0.421%+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BingX is 0.209% cheaper against MEXC than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.293%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VELVET_USDT	0.05863	0.0556	pay 0.0278% / 4h	1h 55m	$2.0M	$380K	50x
Short	BingX VELVET-USDT	0.05851	0.0544	get 0.0272% / 4h	1h 55m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.205%Rate

Funding earned: −$2.52
Price spread: −0.205% → +0.004%: −$20.86
Slippage, 4 orders: −$50.05
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$83.43
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 6 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 MEXC live order book, 1 min ago	2.56 bp	17.7 bp −$18	63.5 bp −$635	123.4 bp −$12.3K	doesn't fit
Sell BingX live order book, 6 min ago	1.69 bp	12.2 bp −$12	56.5 bp −$565	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	0.05858	−0.084%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05858	−0.085%	$699K	$914K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05856	−0.119%	$935K	$523K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05869	+0.102%	$1.1M	$634K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05900	+0.631%	$12K	$21K	20x	as long as short
Variational Omni VELVET	+0.0273%	4h	0.05864	+0.017%	$36K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0297%	4h	0.05854	−0.154%	$1.6M	$1.5M	5x	as long as short
Binance VELVETUSDT	+0.0543%	4h	0.05856	−0.118%	$4.3M	$5.5M	10x	as long as short
BingX VELVET-USDTshort	+0.0544%	4h	0.05851	−0.205%	—	$1.4M	—
MEXC VELVET_USDTlong	+0.0556%	4h	0.05863	long leg	$2.0M	$380K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended VELVET-USD	+0.0560%	1h	0.05862	−0.010%	$2K	$150K	5x	as long as short
edgeX VELVETUSDC	+0.0576%	4h	0.05885	+0.379%	$2K	$199K	10x	as long as short
BloFin VELVET-USDT	+0.0796%	4h	0.05879	+0.273%	$260K	$130K	50x	as long as short