Question 1

Which exchange has the highest CARV funding rate right now?

Accepted Answer

KuCoin shows the highest CARV funding at +174.88% annualized. A high positive rate means shorts get paid, so this is the venue to short CARV when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Question 2

Which exchange is best to long CARV for funding?

Accepted Answer

BingX has the lowest CARV funding at -87.66% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

Question 3

What is the best CARV funding-arbitrage pair?

Accepted Answer

The widest spread is long BingX / short KuCoin at about 262.5% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does CARV funding settle?

Accepted Answer

CARV funding settles every 4h. Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Question 5

Is CARV funding positive or negative?

Accepted Answer

CARV funding is mixed across venues, ranging -87.66% to +174.88% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current CARV perpetual swap funding rate?

Accepted Answer

The current CARV perpetual swap funding rate ranges from -87.66% to +174.88% annualized depending on the exchange — BingX is lowest and KuCoin is highest right now. There is no single CARV funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

Question 7

What is the aggregated CARV funding rate across exchanges?

Accepted Answer

Aggregated across the 12 venues ORBIT tracks, CARV funding currently spans -87.66% to +174.88% APR, a spread of 262.5 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

Question 8

How do I read the CARV 8h funding rate versus the annualized rate?

Accepted Answer

CARV does not settle on an 8-hour schedule on the venues tracked here. Because intervals differ by exchange, comparing raw per-payment rates is misleading; ORBIT normalizes each venue to annualized APR so the numbers are directly comparable.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
KuCoinBest Short	+174.88%	4h	$187K	$0.0437
MEXC	+67.72%	4h	$112K	$0.0436
LBank	+66.18%	4h	—	$0.0436
WEEX	+66.13%	4h	$890K	$0.0436
Toobit	+65.27%	4h	$49K	$0.0436
Bitunix	+65.26%	4h	—	$0.0435
Binance Futures	+63.74%	4h	$1.3M	$0.0435
Bitget	+44.71%	4h	$844K	$0.0436
Gate.io	+18.41%	4h	$38K	$0.0435
Bybit	+10.96%	4h	$641K	$0.0436
Variational	+10.96%	4h	$0K	$0.0435
BingXBest Long	-87.66%	4h	$657K	$0.0435

CARV Perpetual Swap Funding Rate by Exchange

How CARV funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

CARV funding rates explained

Frequently asked questions