Funding you earn now, next payment 08:00 UTC−0.0210%/8h= −23.0% APRnext payment −$1.05 per $10,000 · paid last 24h −0.063%
Price spread now: Gate against MEXC−0.137%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2052.049% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.137%, 7d avg −0.108%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.029% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.108%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC VELVET_USDT | 0.05853 | 0.0310 | pay 0.0155% / 4h | 3h 29m | $2.0M | $396K | 50x |
| Short | Gate VELVET_USDT | 0.05845 | 0.0100 | get 0.0050% / 4h | 3h 29m | $700K | $906K | 10x |
MEXC VELVET_USDT
Gate VELVET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.1
- Price spread: −0.137% → −0.108%
- −$2.86
- Slippage, 4 orders
- −$189.95
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$251.9
- Costs to cover
- 2.049%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 22 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 | 1.71 bp | 9.3 bp −$9 | 60.4 bp −$604 | 165.0 bp −$16.5K | doesn't fit |
| Sell Gate live order book, 22 min ago | 6.00 bp | 92.2 bp −$92 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster VELVETUSDT | +0.0100% | 4h | 0.05846 | −0.119% | $9K | $18K | 5x | as long as short |
| Bybit VELVETUSDT | +0.0100% | 4h | 0.05858 | +0.085% | $1.6M | $1.4M | 5x | as long as short |
| Gate VELVET_USDTshort | +0.0100% | 4h | 0.05845 | −0.137% | $700K | $906K | 10x | |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05841 | −0.205% | $928K | $526K | 10x | as long as short |
| Bitget VELVETUSDT | +0.0100% | 4h | 0.05864 | +0.188% | $1.1M | $644K | 10x | as long as short |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05846 | −0.120% | $12K | $23K | 20x | as long as short |
| Variational Omni VELVET | +0.0112% | 4h | 0.05854 | +0.017% | $35K | $51K | — | as long as short |
| BingX VELVET-USDT | +0.0286% | 4h | 0.05853 | 0.000% | — | $1.4M | — | as long as short |
| edgeX VELVETUSDC | +0.0286% | 4h | 0.05839 | −0.244% | $2K | $203K | 10x | as long as short |
| MEXC VELVET_USDTlong | +0.0310% | 4h | 0.05853 | long leg | $2.0M | $396K | 50x |
Aster VELVETUSDT
Bybit VELVETUSDT
KuCoin VELVETUSDTM
Bitget VELVETUSDT
HTX VELVET-USDT
Variational Omni VELVET
BingX VELVET-USDT
edgeX VELVETUSDCShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance VELVETUSDT | +0.0327% | 4h | 0.05854 | +0.017% | $4.3M | $5.4M | 10x | as long as short |
| Extended VELVET-USD | +0.0328% | 1h | 0.05852 | −0.013% | $2K | $163K | 5x | as long as short |
| BloFin VELVET-USDT | +0.0550% | 4h | 0.05843 | −0.171% | $260K | $131K | 50x | as long as short |
Binance VELVETUSDT
Extended VELVET-USD
BloFin VELVET-USDT