ZETA Funding Rate — live across 7 venues

Compared across 7 supported venues · net of estimated fees · updated every few minutes

Live annualized ZETA perpetual funding across all 7 venues Perpia tracks. Right now ZETA funding is positive on 4 and negative on 3, ranging from +10.9% on Gate.io to -33.4% on Hyperliquid — a spread of 44.3%. The widest delta-neutral trade is long Hyperliquid / short Gate.io at 37.0% net APR.

venues

paying positive

44.3%

funding spread

Best ZETA spread now

37.0%

net APR after fees

Long Hyperliquid→Short Gate.io

size depends on live venue depth — see the real cap in the scanner

ZETA funding trend & liquidity

169h of history

44.3%

current gross APR

0.2%

24h average

15.6%

7-day average

$82K

pair OI · lower leg

$36K

24h volume · lower leg

Averages 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.

ZETA funding rate history

30d · 6h buckets · 10 venues

39.3%0-176.6%

3 Aug2 Sep

ZETA — average across 10 venuesHyperliquidBinanceBitgetKuCoin

Annualized 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: +2.8%. A break in a line means no data was recorded for that stretch, not a zero rate.

ZETA funding rate by venue

7 pairs scanned

Venue	Funding APR	Interval
Gate.io ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
OKX ↗	+7.8%	4h
KuCoin ↗	+7.0%	4h
MEXC ↗	-8.1%	4h
Binance ↗	-8.2%	4h
Hyperliquid ↗	-33.4%	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 Hyperliquid vs Gate.io page.

ZETA arbitrage — 30-day backtest

long Hyperliquid · short Gate.io

11.7%

backtested APR

+$96

historical net P&L on $10,000

0.05%

max drawdown

$10,000$10,096

30 days agostarting capital $10,000today

Over the last 30 days, holding long Hyperliquid / short Gate.io would have produced 11.7% APR — versus the 37.0% the live spread implies right now (equity $10,000 → $10,096). 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 →

Loading ZETA backtest…

ZETA funding — FAQ

Is ZETA funding positive right now?

ZETA perpetual funding is positive on 4 of 7 venues Perpia tracks and negative on 3. The highest is +10.9% on Gate.io; the lowest is -33.4% on Hyperliquid.

What is the best ZETA funding arbitrage right now?

Go long Hyperliquid and short Gate.io for about 37.0% net APR after fees — the widest delta-neutral ZETA spread Perpia currently sees.

Which exchange has the highest ZETA funding rate?

Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How ZETA 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 ZETA

Markets also quoted on both Gate.io and Hyperliquid — the same two exchanges you would already have funded for the ZETA trade.

See every spread between them on the Gate.io vs Hyperliquid page.

Open the live scanner →All funding rates Funding by exchange How we calculate this