ZRO funding rates

ZRO perpetual funding across 13 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
13.1%long Bybit, short Lighter · net 10.2%
Highest funding now
38.5%Lighter
Lowest funding now
2.6%RWA Perp
Listed on
13 venues

Funding by venue

7d chartFlagsOpen
LighterZRO38.5%26.4%20.3%27.5%19.3%100%1h04:002.13$8.5M$823kLiLighter
HyperliquidZRO32.4%14.0%11.7%18.8%11.4%99%1h—2.14$88.0M$17.2MHyHyperliquid
ExtendedZRO-USD11.4%11.1%11.8%21.9%11.9%98%1h04:002.14$956k$489kExExtended
AsterZROUSDT10.9%10.9%10.9%10.3%10.9%100%4h04:002.14$280k$171kAsAster
PolymarketZRO-USD10.9%10.9%10.9%6.9%10.9%100%1h04:002.14$154k$636kPmPolymarket
BinanceCEXZROUSDT10.9%10.0%10.4%9.1%10.4%100%4h04:002.14$48.3M$46.8MBnBinance
BybitCEXZROUSDT10.9%10.8%7.2%8.4%6.6%88%4h04:002.14$30.7M$30.1MByBybit
BitgetCEXZROUSDT10.9%8.3%10.0%10.7%10.3%96%4h04:002.14$4.7M$2.3MBgBitget
GateCEXZRO_USDT10.9%3.9%8.6%9.2%9.4%92%4h04:002.14$19.5M$1.4MGtGate
MEXCCEXZRO_USDT10.9%10.3%10.4%9.2%10.5%100%4h04:002.13$13.4M$11.8MMxMEXC
VariationalZRO10.9%10.9%7.5%8.6%6.9%89%4h—2.11$3.6M$1.7MVaVariational
NadoZRO-PERP_USDT010.9%10.9%11.6%28.7%11.7%99%1h04:002.14$815k$261kNaNado
RWA PerpPERP_ZRO_USDC2.6%−3.5%0.1%−7.0%0.7%54%4h04:002.14$34k$31kRwRWA Perp

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
VariationalLighter27.6%15.5%12.9%18.9%12.9%19.3%<0.1dsteady$3.6M4h/1hspread not incl.VaLicalc
BybitCEXLighter27.6%15.6%13.1%19.1%10.2%15.3%3.1dsteady$8.5M4h/1hByLicalc
MEXCCEXLighter27.6%16.2%9.9%18.3%8.9%13.3%1.5dsteady$8.5M4h/1hMxLicalc
GateCEXLighter27.6%22.5%11.7%18.3%7.8%11.7%4.7dsteady$8.5M4h/1hGtLicalc
BinanceCEXLighter27.6%16.4%10.0%19.2%7.4%11.0%3.7dsteady$8.5M4h/1hBnLicalc
AsterLighter27.6%15.5%9.4%17.2%7.3%10.9%3.1dsteady$280k4h/1hAsLicalc
PolymarketLighter27.6%15.5%9.4%20.6%7.3%10.9%3.1dsteady$154kinvite onlyPmLicalc
BitgetCEXLighter27.6%18.2%10.3%16.8%7.2%10.8%4.2dsteady$4.7M4h/1hBgLicalc
ExtendedLighter27.2%15.4%8.5%5.6%7.2%10.8%2.1dsteady$956kExLicalc
NadoLighter27.6%15.5%8.7%−1.2%6.9%10.3%2.9dsteady$815kNaLicalc
HyperliquidLighter6.2%12.4%8.6%8.7%6.2%9.4%3.8dsteady$8.5MHyLicalc
VariationalExtended0.4%0.1%4.3%13.3%3.0%4.6%4.2dsteady$956k4h/1hspread not incl.VaExcalc
VariationalNado0.0%0.0%4.2%20.1%2.3%3.5%6.1dweak$815k4h/1hspread not incl.VaNacalc
VariationalHyperliquid21.4%3.1%4.3%10.2%1.9%2.9%7.7dweak$3.6M4h/1hspread not incl.VaHycalc
VariationalMEXCCEX0.0%−0.7%3.0%0.6%1.9%2.9%4.9dweak$3.6Mspread not incl.VaMxcalc
VariationalAster0.0%0.0%3.5%1.7%1.4%2.1%8.4dweak$280kspread not incl.VaAscalc
VariationalPolymarket0.0%0.0%3.5%−1.7%1.4%2.1%8.4dweak$154k4h/1hinvite onlyspread not incl.VaPmcalc
BybitCEXExtended0.4%0.2%4.6%13.5%0.4%0.6%13dsteady$956k4h/1hByExcalc
VariationalBinanceCEX0.0%−0.9%2.9%0.6%0.3%0.4%13dweak$3.6Mspread not incl.VaBncalc
BybitCEXNado0.0%0.1%4.4%20.3%−0.3%−0.4%15dcooling$815k4h/1hByNacalc
VariationalBitgetCEX0.0%−2.7%2.5%2.1%−0.6%−0.9%17dweak$3.6Mspread not incl.VaBgcalc
BybitCEXHyperliquid21.4%3.2%4.5%10.4%−0.7%−1.1%16dweak$30.7M4h/1hByHycalc
BybitCEXMEXCCEX0.0%−0.6%3.2%0.8%−0.7%−1.1%17dweak$13.4MByMxcalc
MEXCCEXExtended0.4%0.8%1.4%12.7%−1.0%−1.4%24dweak$956k4h/1hMxExcalc
BybitCEXAster0.0%0.1%3.7%1.9%−1.2%−1.9%19dweak$280kByAscalc
BybitCEXPolymarket0.0%0.1%3.7%−1.5%−1.2%−1.9%19dweak$154k4h/1hinvite onlyByPmcalc
MEXCCEXNado0.0%0.7%1.2%19.5%−1.7%−2.5%33dweak$815k4h/1hMxNacalc
GateCEXExtended0.4%7.2%3.2%12.7%−2.0%−3.1%23dweak$956k4h/1hGtExcalc
MEXCCEXHyperliquid21.4%3.8%1.3%9.6%−2.1%−3.1%36dweak$13.4M4h/1hMxHycalc
BybitCEXBinanceCEX0.0%−0.8%3.1%0.9%−2.3%−3.5%24dweak$30.7MByBncalc
BinanceCEXExtended0.4%1.1%1.4%13.5%−2.5%−3.7%38dweak$956k4h/1hBnExcalc
AsterExtended0.4%0.1%0.9%11.6%−2.5%−3.8%55dweak$280k4h/1hAsExcalc
PolymarketExtended0.4%0.1%0.9%15.0%−2.5%−3.8%55dweak$154kinvite onlyPmExcalc
MEXCCEXAster0.0%0.7%0.5%1.1%−2.6%−3.9%83dweak$280kMxAscalc
MEXCCEXPolymarket0.0%0.7%0.5%−2.3%−2.6%−3.9%83dweak$154k4h/1hinvite onlyMxPmcalc
BitgetCEXExtended0.4%2.8%1.8%11.1%−2.6%−3.9%34dweak$956k4h/1hBgExcalc
BybitCEXVariational0.0%0.1%0.2%0.2%−2.6%−3.9%167dweak$3.6Mspread not incl.ByVacalc
GateCEXNado0.0%7.0%3.0%19.5%−2.7%−4.1%27dweak$815k4h/1hGtNacalc
VariationalGateCEX0.0%−7.0%1.2%0.6%−2.7%−4.1%47dweak$3.6Mspread not incl.VaGtcalc
NadoExtended0.4%0.1%0.2%−6.8%−2.9%−4.4%244dweak$815kNaExcalc
GateCEXHyperliquid21.4%10.1%3.1%9.6%−3.2%−4.7%28dweak$19.5M4h/1hGtHycalc
BinanceCEXNado0.0%0.9%1.3%20.9%−3.2%−4.7%49dweak$815k4h/1hBnNacalc
GateCEXMEXCCEX0.0%6.3%1.8%0.0%−3.2%−4.7%39dweak$13.4MGtMxcalc
AsterNado0.0%0.0%0.7%18.4%−3.2%−4.8%80dweak$280k4h/1hAsNacalc
PolymarketNado0.0%0.0%0.7%21.8%−3.2%−4.8%80dweak$154kinvite onlyPmNacalc
BybitCEXBitgetCEX0.0%−2.6%2.7%2.3%−3.2%−4.9%31dweak$4.7MByBgcalc
BitgetCEXNado0.0%2.7%1.7%17.9%−3.3%−5.0%42dweak$815k4h/1hBgNacalc
HyperliquidExtended−21.0%−2.9%0.1%3.1%−3.6%−5.4%669dweak$956kHyExcalc
BinanceCEXHyperliquid21.4%4.0%1.4%10.2%−3.6%−5.4%51dweak$48.3M4h/1hBnHycalc
BinanceCEXMEXCCEX0.0%0.2%0.1%0.1%−3.6%−5.4%820dweak$13.4MBnMxcalc
AsterHyperliquid21.4%3.1%0.8%8.5%−3.6%−5.5%79dweak$280k4h/1hAsHycalc
PolymarketHyperliquid21.4%3.1%0.8%11.9%−3.6%−5.5%79dweak$154kinvite onlyPmHycalc
GateCEXAster0.0%7.0%2.3%1.1%−3.7%−5.5%36dweak$280kGtAscalc
GateCEXPolymarket0.0%7.0%2.3%−2.3%−3.7%−5.5%36dweak$154k4h/1hinvite onlyGtPmcalc
BitgetCEXHyperliquid21.4%5.7%1.8%8.0%−3.7%−5.6%44dweak$4.7M4h/1hBgHycalc
BitgetCEXMEXCCEX0.0%2.0%0.4%−1.5%−3.7%−5.6%132dweak$4.7MBgMxcalc
BinanceCEXAster0.0%0.9%0.6%1.2%−4.1%−6.2%112dweak$280kBnAscalc
BinanceCEXPolymarket0.0%0.9%0.6%−1.7%−4.1%−6.2%112dweak$154k4h/1hinvite onlyBnPmcalc
BitgetCEXAster0.0%2.7%1.0%−0.4%−4.2%−6.4%75dweak$280kBgAscalc
BitgetCEXPolymarket0.0%2.7%1.0%−3.8%−4.2%−6.4%75dweak$154k4h/1hinvite onlyBgPmcalc
GateCEXBinanceCEX0.0%6.1%1.7%0.0%−4.8%−7.2%53dweak$19.5MGtBncalc
BitgetCEXBinanceCEX0.0%1.7%0.4%−1.6%−5.4%−8.0%211dweak$4.7MBgBncalc
BybitCEXGateCEX0.0%−6.9%1.4%0.8%−5.4%−8.1%68dweak$19.5MByGtcalc
GateCEXBitgetCEX0.0%4.4%1.3%1.5%−5.7%−8.5%73dweak$4.7MGtBgcalc
ExtendedHyperliquid21.0%2.9%−0.1%−3.1%−3.7%−5.6%—mixed$956kExHycalc
NadoHyperliquid21.4%3.1%0.1%−9.9%−4.1%−6.1%567dmixed$815kNaHycalc
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.

ZRO: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →MEXC2.1313
MEXC2.1313—
All quotes (13)
VenueBidAskQualityAgeVol 24hFlags
MEXCCEX2.13132.1313mark6m$11.8Mno FX
Aster2.142032.14203mark10m$171kstaleno FX
BinanceCEX2.14492.1449mark10m$46.8Mstaleno FX
BitgetCEX2.14352.1435mark10m$2.3Mstaleno FX
BybitCEX2.14492.1449mark10m$30.1Mstaleno FX
Extended2.14032.1403mark10m$489kstale
GateCEX2.1442.144mark10m$1.4Mstaleno FX
Hyperliquid2.14362.1436mark10m$17.2Mstale
Lighter2.134312.13431mark10m$823kstale
Nado2.140792.14079mark10m$261kstaleno FX
Polymarket2.14312.1431mark10m$636kstale
RWA Perp2.13892.1389mark10m$31kstale
Variational2.114322.11432mark10m$1.7Mstale

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

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