VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0226%/8h= +24.8% APRnext payment +$1.13 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against MEXC−0.153%109s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.736% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.381%+$38 on $10k

Price spread, last 4 days (all we have)+0.448%+$45 · spread now −0.153%, 7d avg +0.018%

Together, before fees+0.829%+$83 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.171% cheaper against MEXC than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of +0.018%). If the spread goes back, that is −$17 on $10k: about 2.5 days of funding at the current rate (+$7 a day). The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VELVET_USDT	0.05886	0.0598	pay 0.0299% / 4h	59m 20s	$2.0M	$382K	50x
Short	BloFin VELVET-USDT	0.05877	0.0824	get 0.0412% / 4h	59m 20s	$261K	$130K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.153%Rate

Funding earned: $47.48
Price spread: −0.153% → +0.018%: −$17.11
Slippage, 4 orders: −$61.57
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$43.2
Costs to cover: 0.736%
Break-even: 13.4 days

Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 12 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, 2 min ago	0.85 bp	9.0 bp −$9	46.1 bp −$461	172.2 bp −$17.2K	627.4 bp −$313.7K
Sell BloFin live order book, 12 min ago	9.41 bp	24.4 bp −$24	59.8 bp −$598	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_USDT	+0.0100%	4h	0.05878	−0.136%	$699K	$910K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05876	−0.170%	$942K	$515K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05864	−0.374%	$12K	$19K	20x	as long as short
Aster VELVETUSDT	+0.0141%	4h	0.05866	−0.345%	$9K	$18K	5x	as long as short
Bitget VELVETUSDT	+0.0162%	4h	0.05892	+0.102%	$1.1M	$629K	10x	as long as short
Variational Omni VELVET	+0.0284%	4h	0.05874	−0.204%	$36K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0340%	4h	0.05880	−0.102%	$1.6M	$1.5M	5x	as long as short
BingX VELVET-USDT	+0.0556%	4h	0.05889	+0.051%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0579%	4h	0.05868	−0.302%	$2K	$198K	10x	as long as short
MEXC VELVET_USDTlong	+0.0598%	4h	0.05886	long leg	$2.0M	$382K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended VELVET-USD	+0.0600%	1h	0.05881	−0.087%	$3K	$113K	5x	as long as short
Binance VELVETUSDT	+0.0617%	4h	0.05888	+0.034%	$4.4M	$5.5M	10x	as long as short
BloFin VELVET-USDTshort	+0.0824%	4h	0.05877	−0.153%	$261K	$130K	50x