ZRO Funding Rate — live across 18 venues
Perpetual funding · compared across 18 venues · net of estimated fees · updated every few minutesLive annualized ZRO perpetual funding across all 18 venues Perpia tracks. Right now ZRO funding is positive on 18 and negative on 0, ranging from +52.2% on BackPack to +6.1% on OKX — a spread of 46.1%. The widest delta-neutral trade is long MEXC / short BackPack at 37.9% net APR.
ZRO 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.
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Build a route
any two of the 18 venuesThis route is 5 pp below the widest one right now (OKX → BackPack). 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 · 18 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| BackPack↗short | +52.2% | every 1h | |
| Lighter↗ | +27.2% | every 8h | |
| Risex↗ | +17.2% | every 1h | |
| Extended↗ | +11.4% | every 1h | |
| MEXC↗long | +10.9% | every 4h | |
| Variational↗ | +10.9% | every 4h | |
| Binance↗ | +10.9% | every 4h | |
| Bybit↗ | +10.9% | every 4h | |
| Nado↗ | +10.9% | every 24h | |
| Gate.io↗ | +10.9% | every 4h | |
| Hyperliquid↗ | +10.9% | every 1h | |
| BingX↗ | +10.9% | every 4h | |
| Bitget↗ | +10.9% | every 4h | |
| Vest↗ | +10.9% | every 1h | |
| KuCoin↗ | +10.9% | every 4h | |
| Pacifica↗ | +10.9% | every 1h | |
| Aster↗ | +10.9% | every 4h | |
| OKX↗ | +6.1% | every 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 MEXC vs BackPack page. 32 pairs scanned for ZRO.
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ZRO — FAQ
Is ZRO funding positive right now?
ZRO perpetual funding is positive on 18 of 18 venues Perpia tracks. The highest is +52.2% on BackPack; the lowest is +6.1% on OKX.
What is the best ZRO funding arbitrage right now?
Go long MEXC and short BackPack for about 37.9% net APR after fees — the widest delta-neutral ZRO spread Perpia currently sees.
Which exchange has the highest ZRO funding rate?
BackPack, at +52.2% annualized. Funding shifts continuously, so check the live table above before trading.
How ZRO 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 ZRO
also quoted on both BackPack and MEXCThe same two exchanges you would already have funded for the ZRO trade. Every spread between them is on the BackPack vs MEXC page.