ZAMA Funding Rate — live across 10 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized ZAMA perpetual funding across all 10 venues Perpia tracks. Right now ZAMA funding is positive on 7 and negative on 3, ranging from +10.9% on Bybit to -14.0% on Bitget — a spread of 25.0%. The widest delta-neutral trade is long Bitget / short Bybit at 21.9% net APR.
ZAMA funding rate by venue
21 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bybit | +10.9% | 4h |
| OKX | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| Variational | +10.9% | 4h |
| Aster | +10.9% | 1h |
| KuCoin | +10.9% | 4h |
| BingX | +10.9% | 4h |
| MEXC | -8.2% | 8h |
| Binance | -8.4% | 8h |
| Bitget | -14.0% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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ZAMA funding — FAQ
Is ZAMA funding positive right now?
ZAMA perpetual funding is positive on 7 of 10 venues Perpia tracks and negative on 3. The highest is +10.9% on Bybit; the lowest is -14.0% on Bitget.
What is the best ZAMA funding arbitrage right now?
Go long Bitget and short Bybit for about 21.9% net APR after fees — the widest delta-neutral ZAMA spread Perpia currently sees.
Which exchange has the highest ZAMA funding rate?
Bybit, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How ZAMA funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.