Question 1

Which exchange has the highest CVC funding rate right now?

Accepted Answer

Hotcoin shows the highest CVC funding at +21.92% annualized. A high positive rate means shorts get paid, so this is the venue to short CVC 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 CVC for funding?

Accepted Answer

Bybit has the lowest CVC funding at -56.06% 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 CVC funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short Hotcoin at about 78.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does CVC funding settle?

Accepted Answer

CVC funding settles on different schedules by venue (4h, 8h). 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 CVC funding positive or negative?

Accepted Answer

CVC funding is mixed across venues, ranging -56.06% to +21.92% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current CVC perpetual swap funding rate?

Accepted Answer

The current CVC perpetual swap funding rate ranges from -56.06% to +21.92% annualized depending on the exchange — Bybit is lowest and Hotcoin is highest right now. There is no single CVC 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 CVC funding rate across exchanges?

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, CVC funding currently spans -56.06% to +21.92% APR, a spread of 78.0 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 CVC 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle CVC every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
HotcoinBest Short	+21.92%	4h	$245K	$0.0315
Binance Futures	+10.96%	4h	$2.5M	$0.0315
BingX	+10.96%	4h	$1.3M	$0.0315
Bitget	+10.96%	4h	$368K	$0.0315
KuCoin	+10.96%	4h	$1.4M	$0.0315
MEXC	+10.96%	4h	$619K	$0.0315
Toobit	+10.96%	4h	$339K	$0.0315
Bitunix	+10.96%	4h	—	$0.0315
WEEX	+10.96%	4h	$466K	$0.0315
LBank	+10.96%	4h	—	$0.0315
Gate.io	+4.82%	4h	$90K	$0.0315
Variational	-46.87%	8h	$2K	$0.0314
BybitBest Long	-56.06%	8h	$1.2M	$0.0315

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
HotcoinBest Short	+21.92%	4h	$245K	$0.0315
Binance Futures	+10.96%	4h	$2.5M	$0.0315
BingX	+10.96%	4h	$1.3M	$0.0315
Bitget	+10.96%	4h	$368K	$0.0315
KuCoin	+10.96%	4h	$1.4M	$0.0315
MEXC	+10.96%	4h	$619K	$0.0315
Toobit	+10.96%	4h	$339K	$0.0315
Bitunix	+10.96%	4h	—	$0.0315
WEEX	+10.96%	4h	$466K	$0.0315
LBank	+10.96%	4h	—	$0.0315
Gate.io	+4.82%	4h	$90K	$0.0315
Variational	-46.87%	8h	$2K	$0.0314
BybitBest Long	-56.06%	8h	$1.2M	$0.0315

CVC Perpetual Swap Funding Rate by Exchange

How CVC funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

CVC Perpetual Swap Funding Rate by Exchange

How CVC funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

CVC funding rates explained

Frequently asked questions