ZM Funding Rate History
ZM perpetual futures funding ranges from -11.70 bps on TRADEXYZ to 1.00 bps on HUOBI across 9 reporting venues, a spread of 12.70 bps. The most extreme rate (-128.11% APY annualized) is on TRADEXYZ. Currently funding signs are mixed: 3 positive, 2 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 ZM price.
ZM Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| TRADEXYZ | -11.70 bps | -128.11% APY | 3.10 bps | $6.06K |
| KUCOIN | -2.60 bps | -28.47% APY | -1.70 bps | $1.38M |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $39.11K |
| GATEIO | 1.00 bps | 10.95% APY | 1.00 bps | $2.39K |
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $0 |
| QFEX | 0.00 bps | 0.00% APY | 0.00 bps | $458.36K |
| ASTER | 0.00 bps | 0.00% APY | 0.50 bps | $155.73K |
| BINANCE | 0.00 bps | 0.00% APY | 0.70 bps | $26.79K |
| PHEMEX | 0.00 bps | 0.00% APY | n/a | $2.59K |
Last updated 2026-06-21T21:15:07Z (UTC).
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Related: ZM open interest, ZM volume, ZM perp market data.