V Funding Rate — Visa tokenized stock perpetuals across 3 venues
Tokenized stock (xStock) perpetual · compared across 3 venues · net of estimated fees · updated every few minutes
V represents tokenized exposure to Visa shares (a Backed.fi xStock) traded as a perpetual. The perp, its funding and the underlying share are three different things — read the rate with liquidity and the backtest below.
Live annualized V perpetual funding across all 3 venues Perpia tracks. Right now V funding is positive on 1 and negative on 1, ranging from +10.9% on KuCoin to -21.9% on Gate.io — a spread of 32.9%. The widest delta-neutral trade is long Gate.io / short Bitget at 17.3% net APR.
V funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
V funding rate by venue
2 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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V funding — FAQ
Is V funding positive right now?
V perpetual funding is positive on 1 of 3 venues Perpia tracks and negative on 1. The highest is +10.9% on KuCoin; the lowest is -21.9% on Gate.io.
What is the best V funding arbitrage right now?
Go long Gate.io and short Bitget for about 17.3% net APR after fees — the widest delta-neutral V spread Perpia currently sees.
Which exchange has the highest V funding rate?
KuCoin, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How V funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Related tokenized stocks
See the full list on the tokenized stocks hub.