Question 1

Which exchange has the highest ZEN funding rate right now?

Accepted Answer

BloFin shows the highest ZEN funding at +14.17% annualized. A high positive rate means shorts get paid, so this is the venue to short ZEN when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Question 2

Which exchange is best to long ZEN for funding?

Accepted Answer

KuCoin has the lowest ZEN funding at -24.65% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

Question 3

What is the best ZEN funding-arbitrage pair?

Accepted Answer

The widest spread is long KuCoin / short BloFin at about 38.8% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does ZEN funding settle?

Accepted Answer

ZEN funding settles on different schedules by venue (1h, 4h, 8h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Question 5

Is ZEN funding positive or negative?

Accepted Answer

ZEN funding is mixed across venues, ranging -24.65% to +14.17% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current ZEN perpetual swap funding rate?

Accepted Answer

The current ZEN perpetual swap funding rate ranges from -24.65% to +14.17% annualized depending on the exchange — KuCoin is lowest and BloFin is highest right now. There is no single ZEN funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

Question 7

What is the aggregated ZEN funding rate across exchanges?

Accepted Answer

Aggregated across the 23 venues ORBIT tracks, ZEN funding currently spans -24.65% to +14.17% APR, a spread of 38.8 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

Question 8

How do I read the ZEN 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle ZEN every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
BloFinBest Short	+14.17%	8h	$646K	$7.287
Bybit	+10.96%	8h	$4.4M	$7.29
OKX	+10.96%	4h	$1.7M	$7.287
Hyperliquid	+10.96%	1h	$974K	$7.2852
BingX	+10.96%	8h	$2.3M	$7.289
Bitget	+10.96%	8h	$2.7M	$7.289
ApeX	+10.96%	1h	$37K	$7.28
grvt	+10.96%	8h	$548K	$7.2889
Variational	+10.96%	8h	$37K	$7.2791
dreamcash	+10.96%	1h	$974K	$7.2852
Ventuals	+10.96%	1h	$974K	$7.2852
Bitunix	+7.57%	8h	—	$7.29
Aster	+5.81%	8h	$40K	$7.28
Hotcoin	+5.37%	8h	$722K	$7.281
Pionex	+4.33%	8h	$131K	$7.2879
LBank	+3.94%	8h	—	$7.289
WEEX	+3.93%	8h	—	$7.289
MEXC	+3.84%	8h	$6.5M	$7.294
Binance Futures	+3.54%	8h	$10.2M	$7.285
Extended	+3.51%	1h	$14K	$7.2824
Toobit	+3.28%	8h	$1.3M	$7.288
dYdX	+0.00%	1h	$9K	$7.2985
KuCoinBest Long	-24.65%	8h	$3.8M	$7.293

ZEN Perpetual Swap Funding Rate by Exchange

How ZEN funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

ZEN funding rates explained

Frequently asked questions