VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0404%/8h= −44.2% APRnext payment −$2.02 per $10,000 · paid last 24h −0.035%

Price spread now: KuCoin against MEXC−0.085%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$337as in the Funding arb table

Net, price: spread back to 7d avg − costs−$377as in the Price arb table

costs, in and out, $10k−$3633.634% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.262%+$26 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.085%, 7d avg +0.049%

Together, before fees+0.307%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and KuCoin is 0.134% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.049%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.262%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.262% in total (about 13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.02 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VELVET_USDT	0.05848	0.0504	pay 0.0252% / 4h	2h 11m	$2.0M	$395K	50x
Short	KuCoin VELVETUSDTM	0.05843	0.0100	get 0.0050% / 4h	2h 11m	$934K	$525K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$84.84
Price spread: −0.085% → +0.049%: −$13.44
Slippage, 4 orders: −$351.39
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$461.67
Costs to cover: 3.634%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 8 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	1.71 bp	16.1 bp −$16	66.4 bp −$664	127.3 bp −$12.7K	doesn't fit
Sell KuCoin live order book, 8 min ago	11.05 bp	273.5 bp −$274	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	−0.040%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05841	−0.120%	$702K	$932K	10x	as long as short
KuCoin VELVETUSDTMshort	+0.0100%	4h	0.05843	−0.085%	$934K	$525K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05860	+0.205%	$1.1M	$636K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05857	+0.154%	$12K	$21K	20x	as long as short
Variational Omni VELVET	+0.0347%	4h	0.05879	+0.531%	$36K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0423%	4h	0.05847	−0.017%	$1.6M	$1.5M	5x	as long as short
Binance VELVETUSDT	+0.0493%	4h	0.05847	−0.011%	$4.3M	$5.5M	10x	as long as short
Extended VELVET-USD	+0.0496%	1h	0.05851	+0.059%	$6K	$152K	5x	as long as short
BingX VELVET-USDT	+0.0502%	4h	0.05851	+0.051%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC VELVET_USDTlong	+0.0504%	4h	0.05848	long leg	$2.0M	$395K	50x
edgeX VELVETUSDC	+0.0509%	4h	0.05865	+0.283%	$2K	$200K	10x	as long as short
BloFin VELVET-USDT	+0.0733%	4h	0.05858	+0.171%	$260K	$132K	50x	as long as short