ZK funding rate

Compared across 13 venues · net of estimated fees

ZK Funding Rate — live across 13 venues

Perpetual funding · compared across 13 venues · net of estimated fees · updated every few minutes

Live annualized ZK perpetual funding across all 13 venues Perpia tracks. Right now ZK funding is positive on 7 and negative on 6, ranging from +10.9% on BingX to -35.6% on Vest — a spread of 46.6%. The widest delta-neutral trade is long Vest / short BingX at 42.7% net APR.

13venues
7paying positive
46.6%funding spread
Best ZK spread now
42.7%
net APR after fees
LongVest↗→ShortBingX↗
size depends on live venue depth — see the real cap in the scanner

ZK funding trend & liquidity

168h of history
46.6%current gross APR
45.6%24h average
40.9%7-day average
$135Kpair OI · lower leg
$6.7M24h 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.

ZK · Vest → BingX — no history

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Build a route

any two of the 13 venues
Gross spread+46.6%+$12.76 / day on $10,000
Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 13 venues
VenueFunding APR ↓IntervalUse as
BingX↗short+10.9%every 4h
Bybit↗+10.9%every 4h
Hyperliquid↗+10.9%every 1h
Aster↗+10.9%every 4h
Pacifica↗+10.9%every 1h
Lighter↗+10.5%every 8h
Binance↗+9.6%every 4h
below — these venues pay the longs: this is the leg you buy
Bitget↗−0.4%every 4h
OKX↗−12.0%every 4h
KuCoin↗−17.5%every 4h
Variational↗−23.2%every 4h
Gate.io↗−29.6%every 8h
Vest↗long−35.6%every 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 Vest vs BingX page. 45 pairs scanned for ZK.

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ZK — FAQ

Is ZK funding positive right now?

ZK perpetual funding is positive on 7 of 13 venues Perpia tracks and negative on 6. The highest is +10.9% on BingX; the lowest is -35.6% on Vest.

What is the best ZK funding arbitrage right now?

Go long Vest and short BingX for about 42.7% net APR after fees — the widest delta-neutral ZK spread Perpia currently sees.

Which exchange has the highest ZK funding rate?

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

How ZK 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 ZK

also quoted on both BingX and Vest

The same two exchanges you would already have funded for the ZK trade. Every spread between them is on the BingX vs Vest page.