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VELVET funding rate live

The open-interest-weighted VELVET funding rate is 0.0267% per 8 hours (≈29% APR) across 7 perpetual markets, so longs pay shorts. The highest rate is 0.0734% on Bitget (VELVETUSDT) and the lowest 0.0100% on KuCoin (VELVETUSDTM), a spread of 0.0634% per 8h (≈69% APR). These markets hold $9.66M of open interest. Rates are converted to an 8-hour equivalent so exchanges with different funding intervals compare directly.

Tracking for ~4h Updates every 5 s VELVET overview

Funding, 8hOI-weighted
0.0267%
≈29% APRlongs pay shorts
HighestBitget
0.0734%
≈80% APRVELVETUSDT
LowestKuCoin
0.0100%
≈11% APRVELVETUSDTM
Spread between exchanges
0.0634%
≈69% APRArbitrage →

VELVET funding rate by exchange

8h equivalent · hover a rate for the exact APR
Market Funding 8h APR Who pays Open interest OI share 24h volume Price Trade
Binance VELVETUSDT 0.0221% 24% Longs pay $4.31M 44.6% $2.54M 0.06019 Trade
MEXC VELVET_USDT 0.0220% 24% Longs pay $1.86M 19.2% $261K 0.06021 Trade
Bitget VELVETUSDT 0.0734% 80% Longs pay $1.22M 12.6% $524K 0.06035 Trade
KuCoin VELVETUSDTM 0.0100% 11% Longs pay $1.13M 11.7% $95K 0.06013 Trade
Bybit VELVETUSDT 0.0100% 11% Longs pay $749K 7.8% $409K 0.06030 Trade
Gate VELVET_USDT 0.0370% 41% Longs pay $375K 3.9% $657K 0.06014 Trade
HTX VELVET-USDT 0.0100% 11% Longs pay $17K 0.2% $28K 0.06026 Trade

Sorted by open interest. Exchanges settle funding every 1, 4 or 8 hours; every rate here is converted to 8 hours. Trade links go to the exchange and may be referral links. Compare every coin on the funding rates page.

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VELVET funding history

From recorded history, hourly

VELVET funding has averaged 0.0232% per 8 hours since 13:15 UTC on 27 Sep (≈25% APR), positive in 100% of hourly readings, so longs mostly paid shorts.

VELVET funding rate

OI-weighted, 8h

Chart: TradingView Lightweight Charts™

About the VELVET funding rate

What is the VELVET funding rate?

VELVET perpetual futures never expire, so exchanges keep their price near spot with funding: a periodic payment between longs and shorts. When the perp trades above spot, the rate is positive and longs pay shorts; below spot it turns negative and shorts pay longs. The payment is a percentage of position size, charged every 1, 4 or 8 hours depending on the exchange.

How to read it

Binance and Bybit's default rate when the perp is in line with spot is 0.0100% per 8h (about 11% APR). Well above that means leveraged longs are paying up to hold VELVET; negative means shorts are crowded. The APR column shows what holding a position costs or earns over a year at today's rate. A wide spread between exchanges is what funding arbitrage traders look for.

Why do exchanges show different rates?

Each exchange computes funding from its own order book and premium, so the VELVET rate differs by venue, and intervals differ too. Volume Monitor converts every rate to an 8-hour equivalent and weights the headline figure by open interest. Rates update every few seconds from the exchanges' public feeds.