ZAMA Funding Rate — live across 10 venues
Compared across 10 supported venues · net of estimated fees · updated every few minutes
Live annualized ZAMA perpetual funding across all 10 venues Perpia tracks. Right now ZAMA funding is positive on 5 and negative on 5, ranging from +10.9% on MEXC to -121.4% on Aster — a spread of 132.4%. The widest delta-neutral trade is long Aster / short MEXC at 129.6% net APR.
ZAMA funding trend & liquidity
168h of historyAverages 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.
ZAMA funding rate history
30d · 6h buckets · 9 venuesAnnualized 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: +2.7%. A break in a line means no data was recorded for that stretch, not a zero rate.
ZAMA funding rate by venue
37 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| MEXC↗ | +10.9% | 4h |
| Binance↗ | +10.9% | 4h |
| BingX↗ | +10.9% | 4h |
| Gate.io↗ | +10.9% | 4h |
| Variational↗ | +4.9% | 4h |
| KuCoin↗ | -1.1% | 4h |
| OKX↗ | -13.3% | 4h |
| Bitget↗ | -16.9% | 4h |
| Bybit↗ | -53.3% | 4h |
| Aster↗ | -121.4% | 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 Aster vs MEXC page.
ZAMA arbitrage — 30-day backtest
long Aster · short MEXCOver the last 30 days, holding long Aster / short MEXC would have produced 10.2% APR — versus the 129.6% the live spread implies right now (equity $10,000 → $10,084). 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 →ZAMA funding — FAQ
Is ZAMA funding positive right now?
ZAMA perpetual funding is positive on 5 of 10 venues Perpia tracks and negative on 5. The highest is +10.9% on MEXC; the lowest is -121.4% on Aster.
What is the best ZAMA funding arbitrage right now?
Go long Aster and short MEXC for about 129.6% net APR after fees — the widest delta-neutral ZAMA spread Perpia currently sees.
Which exchange has the highest ZAMA funding rate?
MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How ZAMA 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 ZAMA
Markets also quoted on both Aster and MEXC — the same two exchanges you would already have funded for the ZAMA trade.
See every spread between them on the Aster vs MEXC page.