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ZM Funding Rate

ZM perpetual funding on 9 exchanges: the current rate, annualized, what was actually paid and the payment history. Positive means longs pay shorts.

Updated · How we count

ZM funding rate on every exchange

ExchangeRate per 8 hPer periodPredictedBy premiumAnnual1 day · 7 days · 30 daysNext payment24h volume
WEEX8 hbest long−0.0099%−0.0099%—+0.0100%−10.8%−0.0291%−0.0529%−0.205%$484.3K
LBank8 h0.0000%0.0000%—+0.0100%0.0%0.0000%+0.0968%+0.402%—
Binance8 h0.0000%0.0000%—+0.0100%0.0%0.0000%+0.0970%+0.454%—
Gate8 h0.0000%0.0000%—−0.0409%0.0%0.0000%+0.0853%+0.142%$83K
Toobit8 h0.0000%0.0000%—+0.0100%0.0%0.0000%+0.0970%+0.459%$91.5K
KuCoin8 h0.0000%0.0000%——0.0%−0.105%−0.0038%−0.199%$694.1K
Crypto.com1 h+0.0046%+0.0006%——5.0%+0.196%+1.966%+7.242%—
Deepcoin8 h+0.0100%+0.0100%——11.0%−0.0300%−0.192%−1.597%$220.1K
XT8 hbest short+0.0103%+0.0103%—−0.0038%11.3%+0.0366%+0.299%+1.315%$170.5K

What ZM funding actually paid

Over 7 days, a ZM long paid +0.266% on average across exchanges (13.9% a year). The most on Crypto.com (+1.966%), the least on Deepcoin (−0.192%).

Over 30 days, a ZM long paid +0.891% on average across exchanges (11.1% a year). The most on Crypto.com (+7.242%), the least on Deepcoin (−1.597%).

ZM funding rate history chart

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ZM funding arbitrage right now

Among the exchanges that publish a 24h volume, the lowest rate now is on WEEX (−0.0099% per 8 h), the highest on XT (+0.0103%). Long on WEEX and short on XT, price hedged: a difference of 22.1% a year before fees and before the rates move.

Rates only. The price spread between the two perps, fees to enter and exit, book depth and whether the rate holds are in the futures screener →

ZM perpetual futures by exchange

KuCoinZM/USDT:USDT$95.4900$694.1K
WEEXZM/USDT:USDT$95.7000$484.3K
DeepcoinZM/USDT:USDT$95.6900$220.1K
XTZM/USDT:USDT$95.6000$170.5K
ToobitZM/USDT:USDT$95.6850$91.5K
GateZM/USDT:USDT$95.6000$83K
Crypto.comZM/USD:USD$95.6350—
LBankZM/USDT:USDT—
BinanceZM/USDT:USDT$95.6850—
ZM page: spot, routes, networks

FAQ

What is the ZM funding rate?

A periodic payment between long and short holders of ZM perpetual futures that keeps the contract price near spot. When the rate is positive, longs pay shorts; when negative, shorts pay longs. Right now it ranges from −0.0099% to 0.0103% per 8 hours across 9 exchanges.

How often is ZM funding paid?

Every 8 hours on most exchanges, every 1–4 hours on some (Hyperliquid pays hourly). The table shows each exchange's interval and the time to the next payment.

Why is the ZM funding rate different on each exchange?

Each exchange computes it from its own premium of perpetual over index price and its own interval and caps. The difference is what funding arbitrage earns: short where funding is highest, long where it is lowest.

Does a high APR mean high profit?

No. APR extrapolates the current rate over a year, and rates change every period. Compare it with what was actually paid over 7 and 30 days in the table above.