Question 1

Which exchange has the highest ZEREBRO funding rate right now?

Accepted Answer

KuCoin shows the highest ZEREBRO funding at +33.97% annualized. A high positive rate means shorts get paid, so this is the venue to short ZEREBRO 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 ZEREBRO for funding?

Accepted Answer

Variational has the lowest ZEREBRO funding at +10.96% 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 ZEREBRO funding-arbitrage pair?

Accepted Answer

The widest spread is long Bybit / short KuCoin at about 23.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does ZEREBRO funding settle?

Accepted Answer

ZEREBRO funding settles on different schedules by venue (1h, 4h). 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 ZEREBRO funding positive or negative?

Accepted Answer

ZEREBRO funding is currently positive across venues (longs pay shorts), ranging +10.96% to +33.97% APR.

Question 6

What is the current ZEREBRO perpetual swap funding rate?

Accepted Answer

The current ZEREBRO perpetual swap funding rate ranges from +10.96% to +33.97% annualized depending on the exchange — Variational is lowest and KuCoin is highest right now. There is no single ZEREBRO 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 ZEREBRO funding rate across exchanges?

Accepted Answer

Aggregated across the 16 venues ORBIT tracks, ZEREBRO funding currently spans +10.96% to +33.97% APR, a spread of 23.0 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 ZEREBRO 8h funding rate versus the annualized rate?

Accepted Answer

ZEREBRO does not settle on an 8-hour schedule on the venues tracked here. Because intervals differ by exchange, comparing raw per-payment rates is misleading; ORBIT normalizes each venue to annualized APR so the numbers are directly comparable.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
KuCoinBest Short	+33.97%	4h	$1.1M	$0.0318
Pionex	+24.81%	4h	$2K	$0.0319
MEXC	+23.45%	4h	$6.5M	$0.0319
BingX	+23.23%	4h	$1.1M	$0.0318
Binance Futures	+23.01%	4h	$4.4M	$0.0319
Toobit	+23.01%	4h	$69K	$0.0319
Hotcoin	+23.01%	4h	$325K	$0.0318
WEEX	+23.01%	4h	—	$0.0318
LBank	+23.01%	4h	—	$0.0319
Extended	+22.79%	1h	$1K	$0.0318
Bitunix	+22.02%	4h	—	$0.0319
BloFin	+16.95%	4h	$264K	$0.0319
Aster	+12.43%	4h	$359K	$0.0321
BybitBest Long	+10.96%	4h	$4.7M	$0.0318
Gate.io	+10.96%	4h	$222K	$0.0318
Variational	+10.96%	4h	$181K	$0.0318

ZEREBRO Perpetual Swap Funding Rate by Exchange

How ZEREBRO funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

ZEREBRO funding rates explained

Frequently asked questions