Zcash (ZEC) Funding Rate History
Zcash (ZEC) perpetual futures funding ranges from -11.80 bps on HYENA to 3.00 bps on RISEX across 30 reporting venues, a spread of 14.80 bps. The most extreme rate (-129.21% APY annualized) is on HYENA. Currently funding signs are mixed: 13 positive, 17 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on ZEC price.
ZEC Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| HYENA | -11.80 bps | -129.21% APY | -4.20 bps | $451.73K |
| HUOBI | -9.10 bps | -99.64% APY | -5.50 bps | $771.62K |
| ASTER | -3.40 bps | -37.23% APY | 0.40 bps | $11.93M |
| RISEX | 3.00 bps | 32.85% APY | 1.60 bps | $444.24K |
| PACIFICA | -2.90 bps | -31.75% APY | -0.40 bps | $1.93M |
| OKX | -2.50 bps | -27.38% APY | 0.30 bps | $508.12M |
| MEXC | -2.00 bps | -21.90% APY | -0.10 bps | $464.68M |
| HOTSTUFF | -1.80 bps | -19.71% APY | -9.40 bps | $5.44K |
| PHEMEX | -1.60 bps | -17.52% APY | 0.40 bps | $3.89M |
| KUCOIN | -1.30 bps | -14.23% APY | 0.60 bps | $57.14M |
| VARIATIONAL | -1.30 bps | -14.23% APY | 0.50 bps | $16.64M |
| ZO | -1.30 bps | -14.23% APY | -0.60 bps | $82.22K |
| WOOFIPRO | -1.10 bps | -12.04% APY | -1.00 bps | $355.73K |
| BINANCE | 1.00 bps | 10.95% APY | -0.10 bps | $1.25B |
| HYPERLIQUID | 1.00 bps | 10.95% APY | 0.10 bps | $261.69M |
| EDGEX | 1.00 bps | 10.95% APY | 0.80 bps | $15.93M |
| LIGHTER | 1.00 bps | 10.95% APY | 1.30 bps | $11.74M |
| NADO | 1.00 bps | 10.95% APY | 2.30 bps | $8.26M |
| EXTENDED | 1.00 bps | 10.95% APY | 1.10 bps | $2.81M |
| PARADEX | 1.00 bps | 10.95% APY | 1.10 bps | $27.41K |
| BITGET | -0.90 bps | -9.86% APY | 0.20 bps | $99.99M |
| ETHEREAL | 0.90 bps | 9.86% APY | 0.90 bps | $191.60K |
| AFTERMATH | -0.90 bps | -9.86% APY | -1.00 bps | $0 |
| GATEIO | -0.70 bps | -7.66% APY | 0.10 bps | $82.01M |
| DECIBEL | 0.50 bps | 5.47% APY | 0.90 bps | $0 |
| BINGX | -0.40 bps | -4.38% APY | 0.50 bps | $73.74M |
| DRIFT | 0.40 bps | 4.38% APY | n/a | $0 |
| BYBIT | -0.30 bps | -3.28% APY | 0.70 bps | $224.59M |
| GRVT | 0.20 bps | 2.19% APY | 0.60 bps | $1.96M |
| PHOENIX | 0.10 bps | 1.09% APY | 1.20 bps | $0 |
Last updated 2026-06-01T03:52:41.572892Z (UTC).
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Related: ZEC open interest, ZEC volume, ZEC perp market data.