ZK Funding Rate — live across 13 venues

25 DEX + 8 CEX · net of fees · updated continuously

Live annualized ZK perpetual funding across all 13 venues Perpia tracks. Right now ZK funding is positive on 8 and negative on 5, ranging from +50.1% on dYdX to -60.0% on KuCoin — a spread of 110.1%. The widest delta-neutral trade is long Vest / short dYdX at 94.9% net APR.

13
venues
8
paying positive
110.1%
funding spread
Best ZK spread now
94.9%
net APR after fees
Long VestShort dYdX
size depends on live venue depth — see the real cap in the scanner

ZK funding rate by venue

33 pairs scanned
VenueFunding APRInterval
dYdX+50.1%1h
Bybit+10.9%4h
Bitget+10.9%4h
BingX+10.9%4h
Pacifica+10.9%1h
Lighter+10.5%8h
Hyperliquid+10.4%1h
Binance+5.5%8h
Gate.io-2.2%8h
OKX-27.7%4h
Variational-33.6%4h
Vest-48.5%1h
KuCoin-60.0%4h

Rates annualized; updated ~every few minutes from live venue data.

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ZK funding — FAQ

Is ZK funding positive right now?

ZK perpetual funding is positive on 8 of 13 venues Perpia tracks and negative on 5. The highest is +50.1% on dYdX; the lowest is -60.0% on KuCoin.

What is the best ZK funding arbitrage right now?

Go long Vest and short dYdX for about 94.9% net APR after fees — the widest delta-neutral ZK spread Perpia currently sees.

Which exchange has the highest ZK funding rate?

dYdX, at +50.1% annualized. Funding shifts continuously, so check the live table above before trading.

How ZK 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.