VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h +0.002%

Price spread now: edgeX against MEXC−0.876%53s7-day average +0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.356%−$36 · spread now −0.876%, 7d avg +0.011%

Together, before fees−0.353%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.886% cheaper against MEXC than usual: you would sell low and buy high (−$89 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 53 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	0.06022	0.0678	pay 0.0339% / 4h	8m 30s	$2.1M	$393K	50x
Short	edgeX VELVETUSDC	0.05969	0.0643	get 0.0322% / 4h	8m 30s	$2K	$195K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.876%Rate

Funding earned: −$7.26
Price spread: −0.876% → +0.011%: −$88.63
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$104.89
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; edgeX: live order book, 28 min ago. Net counts fees only.

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, 3 min ago	0.84 bp	11.7 bp −$12	62.1 bp −$621	128.1 bp −$12.8K	491.2 bp −$245.6K
Sell edgeX live order book, 28 min ago	3.38 bp	doesn't fit	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_USDT	+0.0100%	4h	0.06015	−0.116%	$717K	$940K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.06016	−0.100%	$967K	$504K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.06030	+0.133%	$1.1M	$635K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05943	−1.312%	$12K	$18K	20x	as long as short
Bybit VELVETUSDT	+0.0159%	4h	0.06030	+0.133%	$1.6M	$1.5M	5x	as long as short
Aster VELVETUSDT	+0.0183%	4h	0.06002	−0.328%	$9K	$17K	5x	as long as short
Variational Omni VELVET	+0.0211%	4h	0.05969	−0.876%	$36K	$51K	—	as long as short
BingX VELVET-USDT	+0.0610%	4h	0.06020	−0.033%	—	$1.4M	—	as long as short
edgeX VELVETUSDCshort	+0.0643%	4h	0.05969	−0.876%	$2K	$195K	10x
MEXC VELVET_USDTlong	+0.0678%	4h	0.06022	long leg	$2.1M	$393K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended VELVET-USD	+0.0680%	1h	0.06017	−0.076%	$3K	$237K	5x	as long as short
Binance VELVETUSDT	+0.0696%	4h	0.06021	−0.018%	$4.5M	$5.6M	10x	as long as short
BloFin VELVET-USDT	+0.0920%	4h	0.05987	−0.581%	$264K	$134K	50x	as long as short