CVC funding rates

CVC perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 02:27 UTC · refreshed every 5 min

Best pair · 7d: 88.5%long Variational, short MEXC · net 87.5%
Highest funding now: 26.5%BybitCEX
Lowest funding now: 10.9%BinanceCEX
Listed on: 6 venues

Funding by venue

													Open
BybitCEX	CVCUSDT	26.5%	35.0%	−74.3%	−331%	−92.6%	35%	8h	08:00	0.02539	$1.1M	$381k	ByBybit
BinanceCEX	CVCUSDT	10.9%	9.7%	6.0%	−161%	5.4%	79%	4h	04:00	0.02536	$1.6M	$1.8M	BnBinance
BitgetCEX	CVCUSDT	10.9%	10.9%	2.8%	−277%	1.4%	83%	4h	04:00	0.02538	$335k	$213k	BgBitget
GateCEX	CVC_USDT	10.9%	10.3%	−8.5%	−295%	−11.6%	65%	4h	04:00	0.02538	$190k	$66k	GtGate
MEXCCEX	CVC_USDT	10.9%	10.1%	6.1%	−282%	5.4%	79%	4h	04:00	0.02536	$398k	$118k	MxMEXC
Variational	CVC	10.9%	13.2%	−82.4%	−299%	−98.4%	33%	8h	—	0.02544	$27k	$28k	VaVariational

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
BybitCEX	MEXCCEX	−15.6%	−24.9%	80.4%	49.3%	76.5%	115%	0.7d	cooling	$398k	8h/4h	By Mx	calc
BybitCEX	BinanceCEX	−15.6%	−25.3%	80.3%	55.7%	74.8%	112%	1.0d	cooling	$1.1M	8h/4h	By Bn	calc
BybitCEX	BitgetCEX	−15.6%	−24.1%	77.1%	53.6%	71.1%	107%	1.1d	cooling	$335k	8h/4h	By Bg	calc
BybitCEX	GateCEX	−15.6%	−24.8%	65.9%	36.0%	59.1%	88.6%	1.4d	cooling	$190k	8h/4h	By Gt	calc
Variational	MEXCCEX	0.0%	−3.1%	88.5%	17.9%	87.5%	131%	0.2d	cooling	$27k	low OI8h/4hspread not incl.	Va Mx	calc
Variational	BinanceCEX	0.0%	−3.6%	88.4%	30.8%	85.8%	129%	0.4d	cooling	$27k	low OI8h/4hspread not incl.	Va Bn	calc
Variational	BitgetCEX	0.0%	−2.3%	85.2%	22.2%	82.1%	123%	0.5d	cooling	$27k	low OI8h/4hspread not incl.	Va Bg	calc
Variational	GateCEX	0.0%	−3.0%	74.0%	4.7%	70.1%	105%	0.7d	cooling	$27k	low OI8h/4hspread not incl.	Va Gt	calc
GateCEX	MEXCCEX	0.0%	−0.1%	14.6%	13.2%	9.6%	14.4%	4.8d	cooling	$190k		Gt Mx	calc
GateCEX	BinanceCEX	0.0%	−0.6%	14.4%	14.9%	7.9%	11.9%	6.3d	cooling	$190k		Gt Bn	calc
GateCEX	BitgetCEX	0.0%	0.7%	11.3%	17.5%	4.2%	6.3%	8.7d	cooling	$190k		Gt Bg	calc
Variational	BybitCEX	15.6%	21.8%	8.1%	−31.4%	5.2%	7.9%	4.9d	spike ×3.7	$27k	low OIspread not incl.	Va By	calc
BitgetCEX	MEXCCEX	0.0%	−0.8%	3.3%	−4.3%	−0.9%	−1.3%	18d	weak	$335k		Bg Mx	calc
BitgetCEX	BinanceCEX	0.0%	−1.3%	3.2%	−4.1%	−2.6%	−3.8%	25d	weak	$335k		Bg Bn	calc
BinanceCEX	MEXCCEX	0.0%	0.4%	0.1%	−0.5%	−3.5%	−5.3%	435d	weak	$398k		Bn Mx	calc
GateCEX	BybitCEX	15.6%	24.8%	−65.9%	−36.0%	−72.6%	−109%	—	spike	$190k	4h/8h	Gt By	calc
BitgetCEX	BybitCEX	15.6%	24.1%	−77.1%	−53.6%	−83.1%	−125%	—	spike	$335k	4h/8h	Bg By	calc
MEXCCEX	BybitCEX	15.6%	24.9%	−80.4%	−49.3%	−84.3%	−126%	—	spike	$398k	4h/8h	Mx By	calc
BinanceCEX	BybitCEX	15.6%	25.3%	−80.3%	−55.7%	−85.8%	−129%	—	spike	$1.1M	4h/8h	Bn By	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 02:27 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on MEXC at 0.02536, sell on Variational at 0.0254384: 0.309% before fees, 0.269% after taker fees.

CVC: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Variational0.0254384	Bybit0.02539	Bitget0.02538	Gate0.02538	Binance0.025365	MEXC0.02536
MEXC0.02536	0.309%	0.118%	0.079%	0.079%	0.020%	—
Binance0.025365	0.289%	0.098%	0.059%	0.059%	—	−0.020%
Bitget0.02538	0.230%	0.039%	—	0.000%	−0.059%	−0.079%
Gate0.02538	0.230%	0.039%	0.000%	—	−0.059%	−0.079%
Bybit0.02539	0.191%	—	−0.039%	−0.039%	−0.098%	−0.118%
Variational0.0254384	—	−0.191%	−0.230%	−0.230%	−0.289%	−0.309%

All quotes (6)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BinanceCEX	0.025365	0.025365	mark	5m	$1.8M	no FX
BitgetCEX	0.02538	0.02538	mark	5m	$213k	no FX
BybitCEX	0.02539	0.02539	mark	5m	$381k	no FX
GateCEX	0.02538	0.02538	mark	5m	$66k	no FX
MEXCCEX	0.02536	0.02536	mark	4m	$118k	no FX
Variational	0.0254384	0.0254384	mark	6m	$28k

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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