# TZA funding rate history — settled payments by exchange

Source: https://orbitperpscreener.com/markets/asset/TZA/funding · window: last 30 days · generated 2026-10-01T05:46 UTC

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 +0.3306% 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 +0.3306% on Hotcoin to -0.9447% 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.

| Exchange | Settlements | Total paid | Average APR | Largest | Smallest | Last settled |
|---|---:|---:|---:|---:|---:|---|
| Hotcoin | 90 | +0.3306% | +4.02% | +0.0471% | -0.0195% | 2026-10-01 00:00 UTC |
| HTX | 90 | +0.1113% | +1.35% | +0.1113% | +0.0000% | 2026-10-01 00:00 UTC |
| Bybit | 90 | +0.0295% | +0.36% | +0.0395% | -0.0156% | 2026-10-01 00:00 UTC |
| MEXC | 90 | +0.0151% | +0.18% | +0.0381% | -0.0195% | 2026-10-01 00:00 UTC |
| Toobit | 90 | +0.0150% | +0.18% | +0.0381% | -0.0195% | 2026-10-01 00:00 UTC |
| Gate.io | 90 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-10-01 00:00 UTC |
| Bitget | 90 | -0.0412% | -0.50% | +0.0108% | -0.0520% | 2026-10-01 00:00 UTC |
| Bitunix | 90 | -0.0957% | -1.16% | +0.0421% | -0.0199% | 2026-10-01 00:00 UTC |
| WEEX | 90 | -0.6137% | -7.47% | +0.0373% | -0.0201% | 2026-10-01 00:00 UTC |
| Crypto.com | 720 | -0.9447% | -11.50% | +0.0248% | -0.0243% | 2026-10-01 05:00 UTC |

## FAQ

### 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 +0.3306% of position size across 90 settlements, an average annualized rate of +4.02%. 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.

### What is the widest settled TZA funding spread between venues?

Over the last 30 days, settled totals ranged from +0.3306% on Hotcoin to -0.9447% on Crypto.com. That gap is what a position holding both legs — long on the venue that paid least, short on the one that paid most — would have collected before fees and slippage. Check the current spread on the live screener, since settled history describes the past, not the next payment.

Live rates: https://orbitperpscreener.com/markets/asset/TZA · Screener: https://orbitperpscreener.com/screener