ZS Funding Rate History — Settled Payments by Exchange
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Hotcoin | 8 | +0.0271% | +3.71% | +0.0100% | -0.0129% | 2026-10-01 00:00 UTC |
 Bitget | 8 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-10-01 00:00 UTC |
 HTX | 8 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-10-01 00:00 UTC |
 Gate.io | 8 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-10-01 00:00 UTC |
 QFEX | 41 | -0.0029% | -0.62% | +0.0001% | -0.0020% | 2026-10-01 04:00 UTC |
 Toobit | 8 | -0.0124% | -1.70% | +0.0000% | -0.0124% | 2026-10-01 00:00 UTC |
 Bitunix | 8 | -0.0223% | -3.06% | -0.0006% | -0.0167% | 2026-10-01 00:00 UTC |
 WEEX | 8 | -0.0538% | -7.37% | +0.0010% | -0.0124% | 2026-10-01 00:00 UTC |
 Bybit | 8 | -0.2484% | -34.02% | +0.0000% | -0.1463% | 2026-10-01 00:00 UTC |
What the ZS funding rate means
What ZS actually paid over the last 30 days: 105 settlements across 9 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 +0.0271% 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 11% of the 105 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +0.0271% on Hotcoin to -0.2484% on Bybit — 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 ZS 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 11% of the 105 settlements recorded here.
- Which exchange has paid the most settled ZS funding recently?
- Hotcoin paid the most over the last 30 days at +0.0271% of position size across 8 settlements, an average annualized rate of +3.71%. This is a sum of actual payments, not a forecast.
- How often is ZS funding actually paid?
- Over the last 30 days, ORBIT recorded 105 funding settlements for ZS across 9 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.