ZM Funding Rate History
ZM perpetual futures funding ranges from 0.00 bps on QFEX to 2.00 bps on TRADEXYZ across 9 reporting venues, a spread of 2.00 bps. The most extreme rate (21.90% APY annualized) is on TRADEXYZ. Currently all venues currently report positive funding (longs paying shorts).
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 ZM price.
ZM Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| TRADEXYZ | 2.00 bps | 21.90% APY | 3.20 bps | $10.40K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $39.31K |
| GATEIO | 1.00 bps | 10.95% APY | 1.00 bps | $2.38K |
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $0 |
| KUCOIN | 0.20 bps | 2.19% APY | -1.80 bps | $1.38M |
| QFEX | 0.00 bps | 0.00% APY | 0.00 bps | $523.84K |
| ASTER | 0.00 bps | 0.00% APY | 0.50 bps | $155.73K |
| BINANCE | 0.00 bps | 0.00% APY | 0.70 bps | $24.75K |
| PHEMEX | 0.00 bps | 0.00% APY | n/a | $2.43K |
Last updated 2026-06-21T19:53:33.872040Z (UTC).
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Related: ZM open interest, ZM volume, ZM perp market data.