Zcash (ZEC) Funding Rate History
Zcash (ZEC) perpetual futures funding ranges from -0.70 bps on COINBASE INTL to 5.80 bps on BULLET across 32 reporting venues, a spread of 6.50 bps. The most extreme rate (63.51% APY annualized) is on BULLET. Currently funding signs are mixed: 28 positive, 3 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 |
|---|---|---|---|---|
| BULLET | 5.80 bps | 63.51% APY | 0.40 bps | $109.31K |
| DECIBEL | 2.60 bps | 28.47% APY | 1.50 bps | $348.64K |
| WOOFIPRO | 1.70 bps | 18.61% APY | -3.80 bps | $2.22M |
| BINGX | 1.30 bps | 14.23% APY | -0.60 bps | $49.38M |
| ZO | 1.20 bps | 13.14% APY | 1.60 bps | $8.34K |
| MEXC | 1.00 bps | 10.95% APY | 0.60 bps | $214.86M |
| BYBIT | 1.00 bps | 10.95% APY | 0.70 bps | $157.74M |
| HYPERLIQUID | 1.00 bps | 10.95% APY | 1.20 bps | $124.93M |
| BITGET | 1.00 bps | 10.95% APY | -0.30 bps | $78.06M |
| KUCOIN | 1.00 bps | 10.95% APY | 0.60 bps | $55.79M |
| GATEIO | 1.00 bps | 10.95% APY | -0.10 bps | $38.87M |
| LIGHTER | 1.00 bps | 10.95% APY | 1.60 bps | $13.26M |
| VARIATIONAL | 1.00 bps | 10.95% APY | 1.00 bps | $11.53M |
| EDGEX | 1.00 bps | 10.95% APY | 1.00 bps | $6.85M |
| NADO | 1.00 bps | 10.95% APY | 0.90 bps | $4.29M |
| EXTENDED | 1.00 bps | 10.95% APY | 0.70 bps | $3.78M |
| HUOBI | 1.00 bps | 10.95% APY | 0.20 bps | $3.07M |
| PHEMEX | 1.00 bps | 10.95% APY | 0.70 bps | $2.64M |
| GRVT | 1.00 bps | 10.95% APY | 1.00 bps | $1.38M |
| HYENA | 1.00 bps | 10.95% APY | 0.60 bps | $18.96K |
| ETHEREAL | 0.90 bps | 9.86% APY | 0.90 bps | $100.85K |
| COINBASE INTL | -0.70 bps | -7.66% APY | -0.30 bps | $6.79M |
| PACIFICA | 0.70 bps | 7.66% APY | 0.30 bps | $989.91K |
| OKX | 0.60 bps | 6.57% APY | 0.70 bps | $412.06M |
| COINBASE US | 0.50 bps | 5.47% APY | -1.10 bps | $21.39M |
| PHOENIX | 0.40 bps | 4.38% APY | 0.30 bps | $468.83K |
| BINANCE | 0.30 bps | 3.28% APY | 0.60 bps | $811.49M |
| RISEX | -0.30 bps | -3.28% APY | 0.20 bps | $727.64K |
| HOTSTUFF | 0.30 bps | 3.28% APY | -13.90 bps | $52.20K |
| PARADEX | 0.30 bps | 3.28% APY | 0.80 bps | $25.56K |
| ASTER | -0.10 bps | -1.09% APY | -0.40 bps | $4.92M |
| KALSHI | 0.00 bps | 0.00% APY | -0.40 bps | $10.32M |
Last updated 2026-07-16T05:51:25Z (UTC).
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Related: ZEC open interest, ZEC volume, ZEC perp market data.