Live as of 2026-11-02 17:40 (UTC+8). Highest venue: Binance at -0.8% annualized.
Binance pays shorts the most on CRV right now at -0.8% annualized, while Bitget sits at -25.4%. The spread between venues is 24.6 percentage points, which matters: on a $1,000 position the difference between shorting Binance and Bitget is about $20.53 a month at current rates.
| Exchange | Rate / period | Interval | Annualized | 24h volume | |
|---|---|---|---|---|---|
| Binance | -0.0007% | 8h | -0.8% | $15.7M | Trade |
| Bitget | -0.0232% | 8h | -25.4% | $1.2M | Trade |
A funding arbitrage position buys the spot asset and shorts the perpetual on the same venue, so price moves cancel out and the funding payment becomes the return. The 24 hour median across venues is 11.0% annualized and the best venue is now at -0.8%, so today's level is at or below its own recent average.
Over the last 24 hours the best annualized rate on CRV ranged from -12.1% to 155.1%, with a median of 11.0% across 544 samples. That range matters more than the spot number: a rate that spikes for one hour and collapses the next does not pay for the round trip.
| Time (UTC+8) | Best annualized |
|---|---|
| 11-01 18:40 | 4.6% |
| 11-01 19:40 | 8.4% |
| 11-01 20:40 | 11.0% |
| 11-01 21:41 | 11.0% |
| 11-01 22:40 | 10.5% |
| 11-01 23:40 | 6.6% |
| 11-02 00:40 | 6.6% |
| 11-02 01:40 | 10.6% |
| 11-02 02:40 | 11.0% |
| 11-02 03:40 | 8.0% |
| 11-02 04:40 | 10.8% |
| 11-02 05:40 | 10.3% |
| 11-02 06:40 | 11.0% |
| 11-02 07:40 | 11.0% |
| 11-02 08:40 | 11.0% |
| 11-02 09:40 | 11.0% |
| 11-02 10:40 | 11.0% |
| 11-02 11:40 | 11.0% |
| 11-02 12:40 | 9.4% |
| 11-02 13:40 | 8.5% |
| 11-02 14:40 | 3.1% |
| 11-02 15:40 | 2.0% |
| 11-02 16:40 | 1.1% |
| 11-02 17:40 | -0.8% |
Rates come straight from each exchange's public API and are re-read every hour. Annualized figures multiply the per-period rate by the number of periods in a year, which is 8,760 for an hourly venue and 1,095 for an eight-hour one. Volume is 24 hour quote volume, so it reflects dollar turnover you can actually trade against. Contracts with less than $1M of turnover are excluded from the ranking because their rates are usually noise.
Binance shows the highest CRV perpetual funding at -0.8% annualized (-0.0007% per 8 hours). Bitget shows the lowest at -25.4%.
On funding alone it is Binance at -0.8% annualized. Check depth on your size first: 24 hour volume there is $15.7M.
At the current rate the round-trip fees are not covered in a reasonable time, so the trade does not make sense today.
No. You still carry basis risk, exchange and custody risk, and the rate itself can flip sign.