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NOC Funding Rate History

NOC perpetual futures funding ranges from 0.50 bps on VEST to 1.60 bps on QFEX across 3 reporting venues, a spread of 1.10 bps. The most extreme rate (17.52% APY annualized) is on QFEX. Currently all venues currently report positive funding (longs paying shorts).

A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on NOC price.

NOC Per-Exchange Funding Rates

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
QFEX1.60 bps17.52% APY0.10 bps$25.11K
GATEIO1.00 bps10.95% APY1.00 bps$8.01K
VEST0.50 bps5.47% APY0.50 bps$0

Last updated 2026-07-16T18:07:56Z (UTC).

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