VVV Funding Rate — live across 17 venues

Compared across 17 supported venues · net of estimated fees · updated every few minutes

Live annualized VVV perpetual funding across all 17 venues Perpia tracks. Right now VVV funding is positive on 17 and negative on 0, ranging from +69.8% on Risex to +2.4% on GMTrade — a spread of 67.4%. The widest delta-neutral trade is long GMTrade / short Risex at 62.5% net APR.

venues

paying positive

67.4%

funding spread

Best VVV spread now

62.5%

net APR after fees

Long GMTrade→Short Risex

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

VVV funding trend & liquidity

168h of history

67.4%

current gross APR

77.7%

24h average

17.5%

7-day average

$361K

pair OI · lower leg

$360K

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.

VVV funding rate history

30d · 6h buckets · 12 venues

157%0-300.3%

5 Aug4 Sep

VVV — average across 12 venuesAsterBackPackExtendedHyperliquid

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: +16.9%. A break in a line means no data was recorded for that stretch, not a zero rate.

VVV funding rate by venue

102 pairs scanned

Venue	Funding APR	Interval
Risex ↗	+69.8%	1h
Hyperliquid ↗	+67.9%	1h
KuCoin ↗	+39.0%	4h
Lighter ↗	+34.2%	8h
Aster ↗	+30.0%	1h
BingX ↗	+23.4%	4h
Bybit ↗	+23.4%	4h
Binance ↗	+14.2%	4h
Extended ↗	+14.0%	1h
MEXC ↗	+13.8%	4h
Nado ↗	+11.9%	24h
OKX ↗	+10.9%	4h
Variational ↗	+10.9%	4h
Gate.io ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
BackPack ↗	+10.9%	1h
GMTrade ↗	+2.4%	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 GMTrade vs Risex page.

VVV arbitrage — 30-day backtest

long GMTrade · short Risex

-162.8%

backtested APR

−$1,338

historical net P&L on $10,000

14.68%

max drawdown

$10,000$8,662

30 days agostarting capital $10,000today

Over the last 30 days, holding long GMTrade / short Risex would have produced -162.8% APR — versus the 62.5% the live spread implies right now (equity $10,000 → $8,662). 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 VVV backtest…

VVV funding — FAQ

Is VVV funding positive right now?

VVV perpetual funding is positive on 17 of 17 venues Perpia tracks. The highest is +69.8% on Risex; the lowest is +2.4% on GMTrade.

What is the best VVV funding arbitrage right now?

Go long GMTrade and short Risex for about 62.5% net APR after fees — the widest delta-neutral VVV spread Perpia currently sees.

Which exchange has the highest VVV funding rate?

Risex, at +69.8% annualized. Funding shifts continuously, so check the live table above before trading.

How VVV 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 VVV

Markets also quoted on both GMTrade and Risex — the same two exchanges you would already have funded for the VVV trade.

See every spread between them on the GMTrade vs Risex page.

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