ZEN funding rates

ZEN perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
12.7%long Variational, short GRVT · net 10.4%
Highest funding now
11.4%Extended
Lowest funding now
10.9%Hyperliquid
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
ExtendedZEN-USD11.4%10.9%8.9%8.4%8.6%95%1h04:006.53$19k$105kExExtended
HyperliquidZEN10.9%10.4%10.7%14.7%10.8%99%1h—6.54$1.2M$200kHyHyperliquid
AsterZENUSDT10.9%10.9%10.4%9.5%10.3%100%8h08:006.55$17k$8kAsAster
GRVTZEN_USDT_Perp10.9%10.9%10.9%10.9%10.9%100%8h08:006.54$490k$445kGrGRVT
BinanceCEXZENUSDT10.9%10.6%8.7%8.1%8.3%96%8h08:006.54$7.7M$5.9MBnBinance
BybitCEXZENUSDT10.9%7.8%3.6%6.8%2.9%75%8h08:006.54$3.1M$1.1MByBybit
BitgetCEXZENUSDT10.9%8.1%6.8%9.9%6.6%83%8h08:006.54$2.2M$354kBgBitget
MEXCCEXZEN_USDT10.9%10.9%9.2%8.3%8.9%100%8h08:006.54$4.6M$1.2MMxMEXC
VariationalZEN10.9%1.1%−1.8%0.1%−2.2%48%8h—6.54$17k$25kVaVariational

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.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
VariationalGRVT0.0%9.8%12.7%10.9%10.4%15.5%2.6dcooling$17klow OIspread not incl.VaGrcalc
VariationalHyperliquid0.0%9.3%12.5%14.6%10.1%15.2%2.6dcooling$17klow OI8h/1hspread not incl.VaHycalc
VariationalAster0.0%9.8%12.2%9.5%10.1%15.1%2.4dcooling$17klow OIspread not incl.VaAscalc
VariationalMEXCCEX0.0%9.8%11.0%8.3%9.9%14.9%1.3dcooling$17klow OIspread not incl.VaMxcalc
VariationalExtended0.4%9.8%10.7%8.3%9.4%14.1%1.7dsteady$17klow OI8h/1hspread not incl.VaExcalc
VariationalBinanceCEX0.0%9.5%10.4%8.3%7.8%11.7%3.5dcooling$17klow OIspread not incl.VaBncalc
VariationalBitgetCEX0.0%7.0%8.6%9.8%5.4%8.1%5.1dcooling$17klow OIspread not incl.VaBgcalc
BybitCEXGRVT0.0%3.1%7.3%4.2%2.1%3.1%10.0dcooling$490kByGrcalc
BybitCEXHyperliquid0.0%2.6%7.1%7.9%1.9%2.8%10dcooling$1.2M8h/1hByHycalc
BybitCEXMEXCCEX0.0%3.1%5.6%1.5%1.7%2.5%9.8dcooling$3.1MByMxcalc
VariationalBybitCEX0.0%6.7%5.4%6.7%2.5%3.8%7.4dcooling$17klow OIspread not incl.VaBycalc
BybitCEXAster0.0%3.1%6.8%2.8%1.8%2.7%10dcooling$17klow OIByAscalc
BybitCEXExtended0.4%3.1%5.3%1.6%1.1%1.7%11dsteady$19klow OI8h/1hByExcalc
BybitCEXBinanceCEX0.0%2.8%5.0%1.6%−0.5%−0.7%15dcooling$3.1MByBncalc
BitgetCEXGRVT0.0%2.9%4.1%1.0%−1.3%−2.0%18dweak$490kBgGrcalc
BitgetCEXHyperliquid0.0%2.3%3.9%4.8%−1.6%−2.3%20dweak$1.2M8h/1hBgHycalc
MEXCCEXGRVT0.0%0.0%1.7%2.6%−1.6%−2.5%27dweak$490kMxGrcalc
BitgetCEXMEXCCEX0.0%2.9%2.4%−1.6%−1.8%−2.6%24dweak$2.2MBgMxcalc
MEXCCEXHyperliquid0.0%−0.5%1.5%6.4%−1.9%−2.8%31dweak$1.2M8h/1hMxHycalc
BinanceCEXGRVT0.0%0.4%2.3%2.8%−2.7%−4.0%30dweak$490kBnGrcalc
BybitCEXBitgetCEX0.0%0.3%3.2%3.1%−2.8%−4.3%27dweak$2.2MByBgcalc
BinanceCEXHyperliquid0.0%−0.2%2.1%7.1%−2.9%−4.3%34dweak$1.2M8h/1hBnHycalc
BinanceCEXMEXCCEX0.0%0.4%0.6%0.2%−3.1%−4.6%92dweak$4.6MBnMxcalc
BitgetCEXAster0.0%2.9%3.6%−0.4%−1.6%−2.4%20dweak$17klow OIBgAscalc
MEXCCEXAster0.0%0.0%1.2%1.2%−1.9%−2.9%36dweak$17klow OIMxAscalc
BitgetCEXBinanceCEX0.0%2.5%1.9%−1.8%−3.9%−5.8%43dweak$2.2MBgBncalc
HyperliquidGRVT0.0%0.5%0.2%−3.8%−4.5%−6.7%290dweak$490k1h/8hHyGrcalc
BitgetCEXExtended0.4%2.9%2.1%−1.6%−2.3%−3.5%29dweak$19klow OI8h/1hBgExcalc
MEXCCEXExtended0.4%0.0%−0.3%0.0%−2.6%−3.9%—weak$19klow OI8h/1hMxExcalc
BinanceCEXAster0.0%0.4%1.8%1.4%−2.9%−4.4%37dweak$17klow OIBnAscalc
ExtendedGRVT−0.4%0.0%2.0%2.6%−1.6%−2.4%25dmixed$19klow OI1h/8hExGrcalc
BinanceCEXExtended0.4%0.4%0.3%0.2%−3.6%−5.5%198dweak$19klow OI8h/1hBnExcalc
ExtendedHyperliquid−0.4%−0.5%1.8%6.4%−1.9%−2.8%29dmixed$19klow OIExHycalc
ExtendedAster−0.4%0.0%1.5%1.2%−1.9%−2.9%32dmixed$17klow OI1h/8hExAscalc
AsterGRVT0.0%0.0%0.5%1.4%−3.9%−5.8%115dweak$17klow OIAsGrcalc
AsterHyperliquid0.0%−0.5%0.3%5.2%−4.1%−6.2%198dweak$17klow OI8h/1hAsHycalc
ExtendedMEXCCEX−0.4%0.0%0.3%0.0%−2.1%−3.1%119dmixed$19klow OI1h/8hExMxcalc
AsterExtended0.4%0.0%−1.5%−1.2%−4.9%−7.3%—weak$17klow OI8h/1hAsExcalc
HyperliquidExtended0.4%0.5%−1.8%−6.4%−5.4%−8.2%—weak$19klow OIHyExcalc
GRVTExtended0.4%0.0%−2.0%−2.6%−5.7%−8.5%—mixed$19klow OI8h/1hGrExcalc
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 03:56 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.

Indicative (mark or mid prices): buy on Extended at 6.53476, sell on Aster at 6.54536: 0.162% before fees, 0.032% after taker fees.

ZEN: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Aster6.54536Binance6.54418GRVT6.54302Bitget6.543Bybit6.542MEXC6.542Hyperliquid6.5386Variational6.53628Extended6.53476
Extended6.534760.162%0.144%0.126%0.126%0.111%0.111%0.059%0.023%—
Variational6.536280.139%0.121%0.103%0.103%0.088%0.088%0.036%—−0.023%
Hyperliquid6.53860.103%0.085%0.068%0.067%0.052%0.052%—−0.036%−0.059%
Bybit6.5420.051%0.033%0.016%0.015%—0.000%−0.052%−0.088%−0.111%
MEXC6.5420.051%0.033%0.016%0.015%0.000%—−0.052%−0.088%−0.111%
Bitget6.5430.036%0.018%0.000%—−0.015%−0.015%−0.067%−0.103%−0.126%
GRVT6.543020.036%0.018%—0.000%−0.016%−0.016%−0.068%−0.103%−0.126%
Binance6.544180.018%—−0.018%−0.018%−0.033%−0.033%−0.085%−0.121%−0.144%
Aster6.54536—−0.018%−0.036%−0.036%−0.051%−0.051%−0.103%−0.139%−0.162%
All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
Aster6.545366.54536mark6m$8kno FX
BinanceCEX6.544186.54418mark6m$5.9Mno FX
BitgetCEX6.5436.543mark6m$354kno FX
BybitCEX6.5426.542mark6m$1.1Mno FX
Extended6.534766.53476mark6m$105k
GRVT6.543026.54302mark6m$445kno FX
Hyperliquid6.53866.5386mark6m$200k
MEXCCEX6.5426.542mark6m$1.2Mno FX
Variational6.536286.53628mark6m$25k

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

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