ZM Funding Rate — live across 6 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized ZM perpetual funding across all 6 venues Perpia tracks. Right now ZM funding is positive on 3 and negative on 1, ranging from +10.9% on Gate.io to -12.4% on KuCoin — a spread of 23.3%. The widest delta-neutral trade is long KuCoin / short Hyperliquid at 14.0% net APR.
ZM funding rate by venue
11 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Gate.io | +10.9% | 8h |
| Hyperliquid | +7.9% | 1h |
| trade.xyz | +7.7% | 1h |
| OKX | +0.0% | 8h |
| Bybit | +0.0% | 8h |
| KuCoin | -12.4% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
Loading ZM backtest…
ZM funding — FAQ
Is ZM funding positive right now?
ZM perpetual funding is positive on 3 of 6 venues Perpia tracks and negative on 1. The highest is +10.9% on Gate.io; the lowest is -12.4% on KuCoin.
What is the best ZM funding arbitrage right now?
Go long KuCoin and short Hyperliquid for about 14.0% net APR after fees — the widest delta-neutral ZM spread Perpia currently sees.
Which exchange has the highest ZM funding rate?
Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How ZM 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.