ZORA Funding Rate — live across 14 venues
Compared across 14 supported venues · net of estimated fees · updated every few minutes
Live annualized ZORA perpetual funding across all 14 venues Perpia tracks. Right now ZORA funding is positive on 1 and negative on 13, ranging from +10.9% on Hyperliquid to -124.2% on Variational — a spread of 135.2%. The widest delta-neutral trade is long Variational / short Hyperliquid at 125.7% net APR.
ZORA funding trend & liquidity
168h of historyAverages 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.
ZORA funding rate by venue
73 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Hyperliquid↗ | +10.9% | 1h |
| Lighter↗ | -9.6% | 8h |
| BingX↗ | -62.2% | 4h |
| Gate.io↗ | -78.4% | 4h |
| BackPack↗ | -79.5% | 1h |
| Bybit↗ | -85.2% | 4h |
| OKX↗ | -96.1% | 4h |
| Bitget↗ | -103.4% | 4h |
| Aster↗ | -111.8% | 4h |
| Binance↗ | -115.2% | 4h |
| KuCoin↗ | -115.6% | 4h |
| Extended↗ | -115.6% | 1h |
| MEXC↗ | -115.9% | 4h |
| Variational↗ | -124.2% | 4h |
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 Variational vs Hyperliquid page.
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ZORA funding — FAQ
Is ZORA funding positive right now?
ZORA perpetual funding is positive on 1 of 14 venues Perpia tracks and negative on 13. The highest is +10.9% on Hyperliquid; the lowest is -124.2% on Variational.
What is the best ZORA funding arbitrage right now?
Go long Variational and short Hyperliquid for about 125.7% net APR after fees — the widest delta-neutral ZORA spread Perpia currently sees.
Which exchange has the highest ZORA funding rate?
Hyperliquid, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How ZORA 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 ZORA
Markets also quoted on both Hyperliquid and Variational — the same two exchanges you would already have funded for the ZORA trade.
See every spread between them on the Hyperliquid vs Variational page.