Question 1

Which exchange has the highest CVNA funding rate right now?

Accepted Answer

BloFin shows the highest CVNA funding at +10.96% annualized. A high positive rate means shorts get paid, so this is the venue to short CVNA 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 CVNA for funding?

Accepted Answer

Bitunix has the lowest CVNA funding at -0.24% 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 CVNA funding-arbitrage pair?

Accepted Answer

The widest spread is long Bitunix / short BloFin at about 11.2% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does CVNA funding settle?

Accepted Answer

CVNA funding settles on different schedules by venue (1h, 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 CVNA funding positive or negative?

Accepted Answer

CVNA funding is mixed across venues, ranging -0.24% to +10.96% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current CVNA perpetual swap funding rate?

Accepted Answer

The current CVNA perpetual swap funding rate ranges from -0.24% to +10.96% annualized depending on the exchange — Bitunix is lowest and BloFin is highest right now. There is no single CVNA 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 CVNA funding rate across exchanges?

Accepted Answer

Aggregated across the 11 venues ORBIT tracks, CVNA funding currently spans -0.24% to +10.96% APR, a spread of 11.2 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 CVNA 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle CVNA 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↕
BloFinBest Short	+10.96%	8h	$93K	$63.01
TxFlow	+10.96%	1h	$1K	$62.98
Hotcoin	+0.67%	8h	$8K	$63
QFEX	+0.04%	1h	$561K	$62.88
Bybit	+0.00%	8h	$31K	$62.91
Bitget	+0.00%	8h	$6K	$63
Gate.io	+0.00%	8h	$1K	$62.91
HTX	+0.00%	8h	$6K	$63.02
Toobit	+0.00%	8h	$37K	$62.97
LBank	+0.00%	8h	—	$63.04
BitunixBest Long	-0.24%	8h	—	$63.02

CVNA Perpetual Swap Funding Rate by Exchange

How CVNA funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

CVNA funding rates explained

Frequently asked questions