ZEC funding rate explained
Right now Zcash (ZEC) perpetual futures trade on 11 exchanges we track. The highest funding is on Aster at +0.065% per day, the lowest on Variational at +0.030%. The average across all venues is +0.033% per day, or about +12.1% a year. Positive funding means ZEC longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.035% per day. A delta-neutral position that shorts ZEC on Aster and goes long on Variational would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live ZEC arbitrage board for the price side of the trade.
Settlement intervals differ: ZEC funding is paid every 1 hour and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: ZEC arbitrage · Zcash price · funding rates for all coins.