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 −0.082%

Price spread now: Bitget against MEXC+0.208%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

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

costs, in and out, $10k−$930.929% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.208%, 7d avg +0.086%

Together, before fees−0.317%−$32 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 0.122% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VELVET_USDT	0.05763	0.0100	pay 0.0050% / 4h	1h 29m	$2.0M	$376K	50x
Short	Bitget VELVETUSDT	0.05775	0.0100	get 0.0050% / 4h	1h 29m	$1.1M	$558K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → +0.086%: $12.24
Slippage, 4 orders: −$80.95
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$80.71
Costs to cover: 0.929%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; Bitget: live order book, 10 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, just now	6.94 bp	25.4 bp −$25	66.0 bp −$660	146.9 bp −$14.7K	584.6 bp −$292.3K
Sell Bitget live order book, 10 min ago	7.75 bp	25.7 bp −$26	124.0 bp −$1,240	doesn't fit	doesn't fit

VELVET on 13 exchanges

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	0.05765	+0.040%	$8K	$16K	5x	as long as short
Binance VELVETUSDT	+0.0100%	4h	0.05765	+0.035%	$4.2M	$4.9M	10x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05768	+0.087%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05761	−0.035%	$682K	$928K	10x	as long as short
MEXC VELVET_USDTlong	+0.0100%	4h	0.05763	long leg	$2.0M	$376K	50x
KuCoin VELVETUSDTM	+0.0100%	4h	0.05765	+0.035%	$1.0M	$394K	10x	as long as short
Bitget VELVETUSDTshort	+0.0100%	4h	0.05775	+0.208%	$1.1M	$558K	10x
BingX VELVET-USDT	+0.0100%	4h	0.05764	+0.017%	—	$1.4M	—	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05774	+0.185%	$38K	$12K	—	as long as short
edgeX VELVETUSDC	+0.0100%	4h	0.05769	+0.106%	$1K	$188K	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX VELVET-USDT	+0.0100%	4h	0.05771	+0.139%	$12K	$14K	20x	as long as short
Extended VELVET-USD	+0.0104%	1h	0.05763	+0.003%	$2K	$230K	5x	as long as short
BloFin VELVET-USDT	+0.0340%	4h	0.05776	+0.226%	$261K	$100K	50x	as long as short