VELVET Funding Rate — live across 9 venues

Compared across 9 supported venues · net of estimated fees · updated every few minutes

Live annualized VELVET perpetual funding across all 9 venues Perpia tracks. Right now VELVET funding is positive on 9 and negative on 0, ranging from +111.3% on Gate.io to +10.9% on Aster — a spread of 100.3%. The widest delta-neutral trade is long Bitget / short Gate.io at 96.2% net APR.

venues

paying positive

100.3%

funding spread

Best VELVET spread now

96.2%

net APR after fees

Long Bitget→Short Gate.io

size depends on live venue depth — see the real cap in the scanner

VELVET funding trend & liquidity

168h of history

100.3%

current gross APR

-29.4%

24h average

-10.2%

7-day average

$1.6M

pair OI · lower leg

$2.0M

24h volume · lower leg

Averages 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.

VELVET funding rate history

30d · 6h buckets · 9 venues

241%0-247.2%

6 Aug5 Sep

VELVET — average across 9 venuesAsterExtendedBinanceBitget

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +23.7%. A break in a line means no data was recorded for that stretch, not a zero rate.

VELVET funding rate by venue

8 pairs scanned

Venue	Funding APR	Interval
Gate.io ↗	+111.3%	4h
Binance ↗	+21.4%	4h
MEXC ↗	+21.2%	4h
BingX ↗	+19.5%	4h
Bitget ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Variational ↗	+10.9%	4h
Aster ↗	+10.9%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bitget vs Gate.io page.

VELVET arbitrage — 30-day backtest

long Bitget · short Gate.io

-12.6%

backtested APR

−$103

historical net P&L on $10,000

1.07%

max drawdown

$10,000$9,897

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bitget / short Gate.io would have produced -12.6% APR — versus the 96.2% the live spread implies right now (equity $10,000 → $9,897). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading VELVET backtest…

VELVET funding — FAQ

Is VELVET funding positive right now?

VELVET perpetual funding is positive on 9 of 9 venues Perpia tracks. The highest is +111.3% on Gate.io; the lowest is +10.9% on Aster.

What is the best VELVET funding arbitrage right now?

Go long Bitget and short Gate.io for about 96.2% net APR after fees — the widest delta-neutral VELVET spread Perpia currently sees.

Which exchange has the highest VELVET funding rate?

Gate.io, at +111.3% annualized. Funding shifts continuously, so check the live table above before trading.

How VELVET 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.

Markets related to VELVET

Markets also quoted on both Bitget and Gate.io — the same two exchanges you would already have funded for the VELVET trade.

See every spread between them on the Bitget vs Gate.io page.

Open the live scanner →All funding rates Funding by exchange How we calculate this