Question 1

Which exchange has the highest VELVET funding rate right now?

Accepted Answer

Bybit shows the highest VELVET funding at +277.61% annualized. A high positive rate means shorts get paid, so this is the venue to short VELVET 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 VELVET for funding?

Accepted Answer

KuCoin has the lowest VELVET funding at +10.96% 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 VELVET funding-arbitrage pair?

Accepted Answer

The widest spread is long Bitget / short Bybit at about 266.7% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does VELVET funding settle?

Accepted Answer

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

Accepted Answer

VELVET funding is currently positive across venues (longs pay shorts), ranging +10.96% to +277.61% APR.

Question 6

What is the current VELVET perpetual swap funding rate?

Accepted Answer

The current VELVET perpetual swap funding rate ranges from +10.96% to +277.61% annualized depending on the exchange — KuCoin is lowest and Bybit is highest right now. There is no single VELVET 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 VELVET funding rate across exchanges?

Accepted Answer

Aggregated across the 17 venues ORBIT tracks, VELVET funding currently spans +10.96% to +277.61% APR, a spread of 266.7 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 VELVET 8h funding rate versus the annualized rate?

Accepted Answer

VELVET 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↕
BybitBest Short	+277.61%	4h	$1.5M	$0.0567
BingX	+200.52%	4h	$1.2M	$0.0566
Variational	+167.00%	4h	$17K	$0.0567
LBank	+60.13%	4h	—	$0.0567
MEXC	+59.61%	4h	$1.7M	$0.0567
Toobit	+58.73%	4h	$299K	$0.0568
edgeX V2	+57.96%	4h	$2K	$0.0567
WEEX	+57.96%	4h	$1.4M	$0.0567
Binance Futures	+56.68%	4h	$4.1M	$0.0566
Extended	+53.47%	1h	$2K	$0.0566
Bitunix	+48.89%	4h	—	$0.0566
BloFin	+46.90%	4h	$255K	$0.0566
Aster	+11.66%	4h	$10K	$0.0567
BitgetBest Long	+10.96%	4h	$1.1M	$0.0565
Gate.io	+10.96%	4h	$373K	$0.0566
HTX	+10.96%	4h	$16K	$0.0567
KuCoin	+10.96%	4h	$945K	$0.0566

VELVET Perpetual Swap Funding Rate by Exchange

How VELVET funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

VELVET funding rates explained

Frequently asked questions