TZA funding rates

TZA perpetual funding across 5 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 04:55 UTC · refreshed every 5 min

Best pair · 7d: 2.7%long Bybit, short Bitget · net −3.2%
Highest funding now: 0.0%Variational
Lowest funding now: 0.0%Variational
Listed on: 5 venues

Funding by venue

													Flags	Open
Variational	TZA	0.0%	0.0%	0.0%	−0.1%	0.0%	0%	8h	—	46.70	$190k	$20k	TradFi	VaVariational
BybitCEX	TZAUSDT	0.0%	−0.5%	−0.1%	−0.1%	0.0%	0%	8h	08:00	46.71	$328k	$96k	TradFi	ByBybit
BitgetCEX	TZAUSDT	0.0%	−1.8%	2.7%	0.6%	3.4%	5%	8h	08:00	46.73	$258k	$68k	TradFi	BgBitget
GateCEX	TZA_USDT	0.0%	0.0%	0.0%	0.0%	0.0%	0%	8h	08:00	46.73	$78k	$8k	TradFi	GtGate
MEXCCEX	TZA_USDT	0.0%	0.0%	0.0%	−0.3%	0.0%	0%	8h	08:00	46.75	$175k	$104k	TradFi	MxMEXC

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
Variational	BitgetCEX	0.0%	−1.8%	2.7%	0.6%	−0.5%	−0.7%	16d	weak	$190k	TradFispread not incl.	Va Bg	calc
MEXCCEX	BitgetCEX	0.0%	−1.8%	2.7%	0.8%	−1.5%	−2.3%	22d	weak	$175k	TradFi	Mx Bg	calc
BybitCEX	Variational	0.0%	0.5%	0.1%	0.1%	−2.8%	−4.2%	527d	weak	$190k	TradFispread not incl.	By Va	calc
BybitCEX	BitgetCEX	0.0%	−1.2%	2.7%	0.7%	−3.2%	−4.9%	31d	weak	$258k	TradFi	By Bg	calc
BybitCEX	MEXCCEX	0.0%	0.5%	0.1%	−0.2%	−3.8%	−5.8%	719d	weak	$175k	TradFi	By Mx	calc
GateCEX	BitgetCEX	0.0%	−1.8%	2.7%	0.6%	−4.4%	−6.6%	37d	weak	$78k	TradFi	Gt Bg	calc
BybitCEX	GateCEX	0.0%	0.5%	0.1%	0.1%	−6.7%	−10.1%	>999d	weak	$78k	TradFi	By Gt	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 04:55 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

TZA · TradFi

No two venues give a usable spread right now.

TZA: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC46.75	Bitget46.733	Gate46.73	Bybit46.71	Variational46.697
Variational46.697	0.113%	0.077%	0.071%	0.028%	—
Bybit46.71	0.086%	0.049%	0.043%	—	−0.028%
Gate46.73	0.043%	0.006%	—	−0.043%	−0.071%
Bitget46.733	0.036%	—	−0.006%	−0.049%	−0.077%
MEXC46.75	—	−0.036%	−0.043%	−0.086%	−0.113%

All quotes (5)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BitgetCEX	46.733	46.733	mark	5m	$68k	closedno FX
BybitCEX	46.71	46.71	mark	5m	$96k	closedno FX
GateCEX	46.73	46.73	mark	5m	$8k	closedno FX
MEXCCEX	46.75	46.75	mark	89s	$104k	closedno FX
Variational	46.697	46.697	mark	89s	$20k	closed

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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