ZAMA funding rates

ZAMA perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:10 UTC · refreshed every 5 min

Best pair · 7d: 23.2%long Aster, short Variational · net 21.1%
Highest funding now: 10.9%BybitCEX
Lowest funding now: −19.0%Aster
Listed on: 7 venues

Funding by venue

													Open
BybitCEX	ZAMAUSDT	10.9%	6.3%	2.0%	5.4%	1.3%	61%	4h	04:00	0.07723	$2.9M	$1.5M	ByBybit
BitgetCEX	ZAMAUSDT	10.9%	10.9%	10.9%	8.9%	10.9%	100%	4h	04:00	0.07721	$3.5M	$470k	BgBitget
Variational	ZAMA	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	—	0.0771	$203k	$145k	VaVariational
MEXCCEX	ZAMA_USDT	4.2%	8.3%	9.0%	9.0%	9.1%	95%	4h	04:00	0.07721	$1.1M	$579k	MxMEXC
BinanceCEX	ZAMAUSDT	3.5%	8.5%	9.0%	8.8%	9.1%	95%	4h	04:00	0.07718	$10.4M	$8.7M	BnBinance
GateCEX	ZAMA_USDT	−4.6%	0.4%	7.8%	5.4%	9.0%	88%	4h	04:00	0.07721	$2.9M	$835k	GtGate
Aster	ZAMAUSDT	−19.0%	−4.6%	−12.2%	−8.4%	−13.5%	31%	4h	04:00	0.07716	$164k	$167k	AsAster

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
Aster	Variational	29.9%	15.6%	23.2%	19.3%	21.1%	31.6%	1.3d	steady	$164k	spread not incl.	As Va	calc
Aster	MEXCCEX	23.1%	12.9%	21.2%	17.4%	18.1%	27.1%	2.1d	steady	$164k		As Mx	calc
Aster	BitgetCEX	29.9%	15.6%	23.2%	17.3%	17.9%	26.9%	3.2d	steady	$164k		As Bg	calc
Aster	BinanceCEX	22.5%	13.2%	21.2%	19.3%	16.5%	24.8%	3.1d	steady	$164k		As Bn	calc
Aster	GateCEX	14.4%	5.0%	20.0%	13.8%	14.0%	21.0%	4.2d	steady	$164k		As Gt	calc
Aster	BybitCEX	29.9%	10.9%	14.3%	13.7%	9.3%	13.9%	4.9d	steady	$164k		As By	calc
BybitCEX	Variational	0.0%	4.7%	8.9%	5.6%	6.0%	9.1%	4.5d	cooling	$203k	spread not incl.	By Va	calc
BybitCEX	MEXCCEX	−6.8%	2.0%	6.9%	3.6%	3.0%	4.5%	7.9d	cooling	$1.1M		By Mx	calc
BybitCEX	BitgetCEX	0.0%	4.7%	8.9%	3.5%	2.9%	4.4%	9.4d	cooling	$2.9M		By Bg	calc
BybitCEX	BinanceCEX	−7.4%	2.3%	7.0%	3.6%	1.5%	2.3%	11d	cooling	$2.9M		By Bn	calc
MEXCCEX	Variational	6.8%	2.7%	2.0%	2.0%	0.9%	1.4%	7.4d	weak	$203k	spread not incl.	Mx Va	calc
BinanceCEX	Variational	7.4%	2.4%	1.9%	2.2%	−0.7%	−1.0%	19d	weak	$203k	spread not incl.	Bn Va	calc
GateCEX	Variational	15.5%	10.6%	3.2%	5.5%	−0.7%	−1.1%	17d	weak	$203k	spread not incl.	Gt Va	calc
BybitCEX	GateCEX	−15.5%	−5.9%	5.7%	0.1%	−1.1%	−1.6%	17d	cooling	$2.9M		By Gt	calc
MEXCCEX	BitgetCEX	6.8%	2.7%	2.0%	−0.1%	−2.2%	−3.3%	29d	weak	$1.1M		Mx Bg	calc
MEXCCEX	BinanceCEX	−0.6%	0.2%	0.1%	0.0%	−3.6%	−5.4%	946d	weak	$1.1M		Mx Bn	calc
BinanceCEX	MEXCCEX	0.6%	−0.2%	−0.1%	0.0%	−3.7%	−5.6%	—	weak	$1.1M		Bn Mx	calc
GateCEX	MEXCCEX	8.8%	7.9%	1.2%	3.6%	−3.8%	−5.6%	58d	weak	$1.1M		Gt Mx	calc
BinanceCEX	BitgetCEX	7.4%	2.4%	1.9%	−0.1%	−3.8%	−5.7%	42d	weak	$3.5M		Bn Bg	calc
GateCEX	BitgetCEX	15.5%	10.6%	3.2%	3.5%	−3.9%	−5.8%	31d	weak	$2.9M		Gt Bg	calc
GateCEX	BinanceCEX	8.1%	8.2%	1.3%	3.4%	−5.3%	−7.9%	73d	weak	$2.9M		Gt Bn	calc
MEXCCEX	BybitCEX	6.8%	−2.0%	−6.9%	−3.6%	−10.8%	−16.3%	—	mixed	$1.1M		Mx By	calc
BinanceCEX	BybitCEX	7.4%	−2.3%	−7.0%	−3.6%	−12.5%	−18.7%	—	mixed	$2.9M		Bn By	calc
GateCEX	BybitCEX	15.5%	5.9%	−5.7%	−0.1%	−12.5%	−18.8%	—	mixed	$2.9M		Gt By	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 03:10 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.

No two venues give a usable spread right now.

ZAMA: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC0.07721
MEXC0.07721	—

All quotes (7)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
MEXCCEX	0.07721	0.07721	mark	6m	$579k	no FX
Aster	0.077161	0.077161	mark	11m	$167k	staleno FX
BinanceCEX	0.07718	0.07718	mark	10m	$8.7M	staleno FX
BitgetCEX	0.07721	0.07721	mark	10m	$470k	staleno FX
BybitCEX	0.07723	0.07723	mark	10m	$1.5M	staleno FX
GateCEX	0.07721	0.07721	mark	10m	$835k	staleno FX
Variational	0.0771037	0.0771037	mark	11m	$145k	stale

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

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