ZK funding rates

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

· refreshed every 5 min

Best pair · 7d
5.5%long Lighter, short Binance · net 2.9%
Highest funding now
10.9%Hyperliquid
Lowest funding now
−16.2%GateCEX
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
HyperliquidZK10.9%10.9%10.9%10.5%10.9%100%1h—0.01663$3.7M$6.1MHyHyperliquid
AsterZKUSDT10.9%9.6%6.7%3.3%6.2%83%4h04:000.01661$53k$360kAsAster
GRVTZK_USDT_Perp10.9%10.0%10.8%10.8%10.9%100%4h04:000.01661$213k$1.9MGrGRVT
BinanceCEXZKUSDT10.9%4.2%9.2%9.8%10.5%96%4h04:000.01664$9.8M$67.2MBnBinance
BybitCEXZKUSDT10.9%9.4%7.0%7.1%6.6%90%4h04:000.01664$7.3M$14.5MByBybit
BitgetCEXZKUSDT10.9%10.9%10.9%10.9%10.9%100%4h04:000.01664$2.5M$5.9MBgBitget
VariationalZK10.9%9.0%8.0%3.6%7.9%93%4h—0.0165$418k$1.4MVaVariational
LighterZK10.5%7.6%5.7%7.2%5.3%90%1h04:000.01641$108k$375kLiLighter
GateCEXZK_USDT−16.2%−2.2%9.1%10.5%10.9%96%8h08:000.01664$505k$2.3MGtGate

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
LighterHyperliquid0.4%3.3%5.3%3.2%2.9%4.4%6.2dsteady$108kLiHycalc
LighterBinanceCEX0.4%−3.5%5.5%3.6%2.9%4.3%6.7dcooling$108k1h/4hLiBncalc
LighterGRVT0.4%2.3%5.1%3.5%2.8%4.2%6.4dsteady$108k1h/4hLiGrcalc
LighterVariational0.4%1.4%2.4%−3.6%2.4%3.6%<0.1dweak$108k1h/4hspread not incl.LiVacalc
LighterBitgetCEX0.4%3.3%5.3%3.7%2.2%3.2%8.3dsteady$108k1h/4hLiBgcalc
VariationalHyperliquid0.0%1.9%2.9%6.9%0.6%0.9%11dweak$418k4h/1hspread not incl.VaHycalc
VariationalGRVT0.0%0.9%2.8%7.2%0.4%0.6%12dweak$213kspread not incl.VaGrcalc
AsterHyperliquid0.0%1.4%4.3%7.2%−0.2%−0.3%15dweak$53k4h/1hAsHycalc
VariationalBitgetCEX0.0%1.9%2.9%7.3%−0.2%−0.3%15dweak$418kspread not incl.VaBgcalc
AsterGRVT0.0%0.4%4.1%7.5%−0.3%−0.5%15dweak$53kAsGrcalc
LighterGateCEX−26.7%−9.8%3.4%3.3%−0.5%−0.7%16dcooling$108k1h/8hLiGtcalc
AsterVariational0.0%−0.5%1.3%0.3%−0.7%−1.1%22dweak$53kspread not incl.AsVacalc
AsterBitgetCEX0.0%1.4%4.3%7.6%−1.0%−1.4%17dweak$53kAsBgcalc
LighterAster0.4%1.9%1.0%−3.9%−1.1%−1.6%28dweak$53k1h/4hLiAscalc
BybitCEXHyperliquid0.0%1.6%4.0%3.3%−1.2%−1.9%18dweak$3.7M4h/1hByHycalc
BybitCEXGRVT0.0%0.6%3.8%3.6%−1.4%−2.1%19dweak$213kByGrcalc
BinanceCEXVariational0.0%4.9%1.1%−6.8%−1.5%−2.3%33dweak$418kspread not incl.BnVacalc
LighterBybitCEX0.4%1.7%1.3%−0.1%−1.6%−2.3%31dweak$108k1h/4hLiBycalc
BybitCEXVariational0.0%−0.3%1.1%−3.5%−1.8%−2.7%38dweak$418kspread not incl.ByVacalc
BybitCEXBitgetCEX0.0%1.6%4.0%3.8%−2.0%−3.0%21dweak$2.5MByBgcalc
AsterBinanceCEX0.0%−5.4%2.6%8.9%−2.1%−3.2%26dweak$53kAsBncalc
VariationalGateCEX−27.2%−11.2%1.0%6.9%−2.9%−4.3%53dweak$418k4h/8hspread not incl.VaGtcalc
BinanceCEXHyperliquid0.0%6.8%1.8%0.6%−3.2%−4.8%39dweak$3.7M4h/1hBnHycalc
BinanceCEXGRVT0.0%5.8%1.6%0.9%−3.4%−5.1%44dweak$213kBnGrcalc
AsterGateCEX−27.2%−11.7%2.4%7.2%−3.6%−5.4%35dweak$53k4h/8hAsGtcalc
BinanceCEXBitgetCEX0.0%6.8%1.8%1.1%−4.0%−6.0%46dweak$2.5MBnBgcalc
GateCEXHyperliquid27.2%13.1%1.9%0.0%−4.4%−6.6%47dweak$505k8h/1hGtHycalc
GateCEXGRVT27.2%12.1%1.7%0.3%−4.5%−6.8%50dweak$213k8h/4hGtGrcalc
GRVTHyperliquid0.0%1.0%0.1%−0.3%−4.6%−6.8%472dweak$213k4h/1hGrHycalc
BinanceCEXBybitCEX0.0%5.2%0.8%−2.1%−4.7%−7.0%94dweak$7.3MBnBycalc
BybitCEXGateCEX−27.2%−11.5%2.1%3.4%−4.7%−7.0%45dweak$505k4h/8hByGtcalc
AsterBybitCEX0.0%−0.2%0.3%3.9%−4.7%−7.0%255dweak$53kAsBycalc
GateCEXVariational27.2%11.2%−1.0%−6.9%−5.0%−7.4%—weak$418k8h/4hspread not incl.GtVacalc
GateCEXBitgetCEX27.2%13.1%1.9%0.4%−5.2%−7.7%53dweak$505k8h/4hGtBgcalc
GRVTBitgetCEX0.0%1.0%0.1%0.2%−5.3%−8.0%550dweak$213kGrBgcalc
GateCEXBinanceCEX27.2%6.3%0.9%−0.5%−5.6%−8.5%105dweak$505k8h/4hGtBncalc
GateCEXAster27.2%11.7%−2.4%−7.2%−8.4%−12.6%—weak$53k8h/4hGtAscalc
GateCEXBybitCEX27.2%11.5%−2.1%−3.4%−8.9%−13.3%—weak$505k8h/4hGtBycalc
GateCEXLighter26.7%9.8%−3.4%−3.3%−7.3%−11.0%—mixed$108k8h/1hGtLicalc
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.

All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
Aster0.0166070.016607mark11m$360kstaleno FX
BinanceCEX0.01663550.0166355mark11m$67.2Mstaleno FX
BitgetCEX0.016640.01664mark11m$5.9Mstaleno FX
BybitCEX0.0166370.016637mark11m$14.5Mstaleno FX
GateCEX0.016640.01664mark11m$2.3Mstaleno FX
GRVT0.01660950.0166095mark11m$1.9Mstaleno FX
Hyperliquid0.0166270.016627mark11m$6.1Mstale
Lighter0.0164070.016407mark11m$375kstale
Variational0.01649510.0164951mark11m$1.4Mstale

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

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