Question 1

Which exchange has the highest SSV funding rate right now?

Accepted Answer

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

Accepted Answer

Variational has the lowest SSV funding at -8.81% 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 SSV funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short Binance Futures at about 7.2% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does SSV funding settle?

Accepted Answer

SSV funding settles every 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 SSV funding positive or negative?

Accepted Answer

SSV funding is mixed across venues, ranging -8.81% to +10.96% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current SSV perpetual swap funding rate?

Accepted Answer

The current SSV perpetual swap funding rate ranges from -8.81% to +10.96% annualized depending on the exchange — Variational is lowest and Binance Futures is highest right now. There is no single SSV 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 SSV funding rate across exchanges?

Accepted Answer

Aggregated across the 17 venues ORBIT tracks, SSV funding currently spans -8.81% to +10.96% APR, a spread of 7.2 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 SSV 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle SSV 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↕
Binance FuturesBest Short	+10.96%	8h	$2.3M	$3.193
OKX	+10.96%	8h	$484K	$3.189
BingX	+10.96%	8h	$1.2M	$3.193
Bitget	+10.96%	8h	$500K	$3.193
Gate.io	+10.96%	8h	$67K	$3.192
KuCoin	+10.96%	8h	$237K	$3.192
MEXC	+10.96%	8h	$243K	$3.191
Toobit	+10.96%	8h	$209K	$3.192
Bitunix	+10.96%	8h	—	$3.19
Hotcoin	+10.96%	8h	$162K	$3.194
WEEX	+10.96%	8h	—	$3.192
Pionex	+10.96%	8h	$8K	$3.193
CoinW	+10.96%	8h	—	$3.197
LBank	+10.96%	8h	—	$3.191
BloFin	+8.52%	8h	$126K	$3.191
BybitBest Long	+3.81%	8h	$538K	$3.19
Variational	-8.81%	8h	$1K	$3.1857

SSV Perpetual Swap Funding Rate by Exchange

How SSV funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

SSV funding rates explained

Frequently asked questions