REZ funding rate explained
Right now Renzo (REZ) perpetual futures trade on 9 exchanges we track. The highest funding is on Hyperliquid at +0.125% per day, the lowest on Variational at +0.030%. The average across all venues is +0.041% per day, or about +14.8% a year. Positive funding means REZ longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.095% per day. A delta-neutral position that shorts REZ on Hyperliquid 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 REZ arbitrage page for the price side of the trade.
Settlement intervals differ: REZ funding is paid every 1 hour and 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: REZ arbitrage · Renzo price · funding rates for all coins.