TZA Funding Rate History — Settled Payments by Exchange
Direxion Daily Small Cap Bear 3X Shares
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Hotcoin | 90 | +0.3245% | +3.95% | +0.0471% | -0.0195% | 2026-09-30 08:01 UTC |
 HTX | 90 | +0.1113% | +1.35% | +0.1113% | +0.0000% | 2026-09-30 08:00 UTC |
 Bybit | 90 | +0.0295% | +0.36% | +0.0395% | -0.0156% | 2026-09-30 08:00 UTC |
 MEXC | 90 | +0.0186% | +0.23% | +0.0381% | -0.0195% | 2026-09-30 08:00 UTC |
 Toobit | 90 | +0.0186% | +0.23% | +0.0381% | -0.0195% | 2026-09-30 08:00 UTC |
 Bitget | 90 | +0.0108% | +0.13% | +0.0108% | +0.0000% | 2026-09-30 08:00 UTC |
 Gate.io | 90 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-09-30 08:00 UTC |
 Bitunix | 90 | -0.0910% | -1.11% | +0.0421% | -0.0199% | 2026-09-30 08:00 UTC |
 WEEX | 90 | -0.6214% | -7.57% | +0.0373% | -0.0201% | 2026-09-30 08:00 UTC |
 Crypto.com | 720 | -0.9550% | -11.63% | +0.0248% | -0.0243% | 2026-09-30 14:00 UTC |
What the TZA funding rate means
What TZA (Direxion Daily Small Cap Bear 3X Shares) actually paid over the last 30 days: 1,530 settlements across 10 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. Hotcoin paid the most over the window at +0.3245% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 33% of the 1,530 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +0.3245% on Hotcoin to -0.9550% on Crypto.com — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the TZA funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 33% of the 1,530 settlements recorded here.
- Which exchange has paid the most settled TZA funding recently?
- Hotcoin paid the most over the last 30 days at +0.3245% of position size across 90 settlements, an average annualized rate of +3.95%. This is a sum of actual payments, not a forecast.
- How often is TZA funding actually paid?
- Over the last 30 days, ORBIT recorded 1,530 funding settlements for TZA across 10 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.