Curve DAO Futures Funding Rate
Track Curve DAO perpetual futures funding rate across 5 perp venues.
What is Funding Rate for Curve DAO?
The Curve DAO funding rate is the periodic payment between long and short holders of CRV perpetual futures. It keeps the perpetual price close to the spot price, because perpetuals have no expiry date to converge on.
Venues settle funding on different schedules (anywhere from every hour to every 24 hours, depending on the exchange and market), so Sharpe annualizes each venue's CRV rate from its own interval before comparing 5 perp venues.
How to read the Curve DAO Funding Rate chart
A positive Curve DAO funding rate means longs pay shorts, which happens when perpetuals trade above spot and demand for leveraged longs is high. A negative rate means shorts pay longs.
Persistently high positive funding points to crowded CRV longs and makes holding them expensive; deeply negative funding points to crowded shorts and squeeze risk.
Gaps between venues are a carry opportunity: a trader can be long CRV where funding is lowest and short where it is highest, collecting the difference while staying market-neutral.
Latest Curve DAO Funding Rate snapshot
| Exchange | Contract | Funding Rate | Interval | Annualized APR |
|---|---|---|---|---|
| Extended | CRV-USD | +0.0013% | 1h | +11.39% |
| OKX | CRV-USDT-SWAP | +0.0100% | 8h | +10.95% |
| Bybit | CRVUSDT | +0.0100% | 8h | +10.95% |
| Backpack | CRV_USDC_PERP | +0.0013% | 1h | +10.95% |
| Bitget | CRVUSDT | +0.0100% | 8h | +10.95% |
| ApeX | CRV-USDT | +0.0013% | 1h | +10.95% |
| LBank | CRVUSDT | +0.0100% | 8h | +10.95% |
| Aster | CRVUSDT | +0.0100% | 8h | +10.95% |
| BingX | CRV-USDT | +0.0100% | 8h | +10.95% |
| Pacifica | CRV | +0.0013% | 1h | +10.95% |
| MEXC | CRV_USDT | +0.0100% | 8h | +10.95% |
| KuCoin | CRVUSDTM | +0.0100% | 8h | +10.95% |
| edgeX | CRVUSDC | +0.0050% | 4h | +10.95% |
| GRVT | CRV_USDT_Perp | +0.0100% | 8h | +10.95% |
| Hyperliquid | CRV-USD | +0.0013% | 1h | +10.95% |
| Variational | CRV | +0.0100% | 8h | +10.95% |
| Lighter | CRV | +0.0012% | 1h | +10.51% |
| Kraken | PF_CRVUSD | +0.0008% | 1h | +7.38% |
| Deribit | CRV_USDC-PERPETUAL | +0.0057% | 8h | +6.24% |
| WhiteBIT | CRV_PERP | +0.0057% | 8h | +6.21% |
| Bitfinex | tCRVF0:USTF0 | 0.0000% | 8h | 0.00% |
| Binance | CRVUSDT | −0.0021% | 8h | −2.34% |
| Crypto.com | CRVUSD-PERP | −0.0003% | 1h | −2.47% |
| Bitunix | CRVUSDT | −0.0030% | 8h | −3.23% |
| Gate.io | CRV_USDT | −0.0096% | 8h | −10.51% |
Data last updated
Curve DAO Funding Rate FAQ
Who pays the Curve DAO funding rate?
When the CRV funding rate is positive, long holders pay short holders. When it is negative, shorts pay longs. Only traders holding a position at the funding timestamp pay or receive it.
Why is Curve DAO funding shown as an annualized rate?
A per-period rate is not comparable across venues that settle every hour and venues that settle every 8 or 24 hours. Annualizing each venue's CRV rate from its own interval puts them on one scale.
Where can I compare Curve DAO funding rates exchange by exchange?
The Curve DAO funding rates page lists the current CRV rate, interval and annualized APR on every tracked exchange, next to the history chart here.
Annualized funding rate by exchange