ZORA Funding Rate — live across 10 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized ZORA perpetual funding across all 10 venues Perpia tracks. Right now ZORA funding is positive on 8 and negative on 2, ranging from +10.9% on OKX to -25.8% on BackPack — a spread of 36.7%. The widest delta-neutral trade is long BackPack / short OKX at 33.1% net APR.
ZORA funding rate by venue
28 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| OKX | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| BingX | +10.9% | 4h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Hyperliquid | -2.5% | 1h |
| BackPack | -25.8% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
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ZORA funding — FAQ
Is ZORA funding positive right now?
ZORA perpetual funding is positive on 8 of 10 venues Perpia tracks and negative on 2. The highest is +10.9% on OKX; the lowest is -25.8% on BackPack.
What is the best ZORA funding arbitrage right now?
Go long BackPack and short OKX for about 33.1% net APR after fees — the widest delta-neutral ZORA spread Perpia currently sees.
Which exchange has the highest ZORA funding rate?
OKX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How ZORA 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.