VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.8% APRnext payment +$0.22 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni−0.066%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Bybit is 0.066% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VELVET	0.05899	0.0315	pay 0.0157% / 4h	1h 58m	$36K	$51K	—
Short	Bybit VELVETUSDT	0.05895	0.0358	get 0.0179% / 4h	1h 58m	$1.6M	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now −0.066%Rate

Funding earned: $9.11
Price spread: −0.066% → 0.000%: −$6.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.51
Costs to cover: 0.110%
Break-even: 13.5 days

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 2 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	8.47 bp	51.9 bp −$52	doesn't fit	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.05886	−0.215%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05888	−0.185%	$703K	$911K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05883	−0.270%	$940K	$523K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05893	−0.100%	$1.1M	$635K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05899	+0.002%	$12K	$21K	20x	as long as short
Variational Omni VELVETlong	+0.0315%	4h	0.05899	long leg	$36K	$51K	—
Bybit VELVETUSDTshort	+0.0358%	4h	0.05895	−0.066%	$1.6M	$1.5M	5x
BingX VELVET-USDT	+0.0526%	4h	0.05895	−0.066%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0555%	4h	0.05897	−0.031%	$2K	$201K	10x	as long as short
Binance VELVETUSDT	+0.0572%	4h	0.05894	−0.084%	$4.4M	$5.5M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended VELVET-USD	+0.0576%	1h	0.05885	−0.234%	$6K	$147K	5x	as long as short
MEXC VELVET_USDT	+0.0576%	4h	0.05893	−0.100%	$2.0M	$380K	50x	as long as short
BloFin VELVET-USDT	+0.0812%	4h	0.05889	−0.168%	$260K	$130K	50x	as long as short