2z (2Z) — Funding Rates
Perpetual futures funding rates across exchanges
2z (2Z) perpetual futures currently show funding across 14 markets, averaging -0.0562% per interval. The highest rate is 0.0096%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
14
Highest Rate
0.0096%
Lowest Rate
-0.1096%
Total Perp Markets
14
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| OKX | 2Z/USDT | -0.1096% | -0.1% | 8000h · 8:00:00 PM | $0.05 | $109.56M |
| Binance | 2Z/USDT | -0.0868% | -0.1% | 8000h · 4:00:00 PM | $0.05 | $17.11M |
| Bingx | 2Z/USDT | -0.0413% | -0.1% | 4000h · 4:00:00 PM | $0.05 | $6.9M |
| Bybit | 2Z/USDT | -0.0544% | -0.1% | 8000h · 4:00:00 PM | $0.05 | $5.73M |
| Bitget | 2Z/USDT | -0.0845% | -0.2% | 4000h · 4:00:00 PM | $0.05 | $2.13M |
| Bitunix | 2Z/USDT | -0.0900% | -0.1% | 8000h · 4:00:00 PM | $0.05 | $968.3K |
| Kucoin | 2Z/USDT | -0.0685% | -0.1% | 8000h · 4:00:00 PM | $0.05 | $947.72K |
| MEXC | 2Z/USDT | -0.0581% | -0.1% | 4000h · 4:00:00 PM | $0.05 | $736.8K |
| Hyperliquid | 2Z/USDC | +0.0068% | +0.1% | 1000h · 12:00:00 PM | $0.05 | $598.09K |
| Gate | 2Z/USDT | -0.0628% | -0.1% | 8000h · 12:00:00 AM | $0.00 | $394.96K |
| Whitebit | 2Z/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $0.05 | $389.86K |
| Xt | 2Z/USDT | -0.0679% | -0.1% | 8000h | $0.05 | $122.92K |
| Aster | 2Z/USDT | -0.0843% | -0.7% | 1000h · 4:00:00 PM | $0.05 | $80.91K |
| Lighter | 2Z/USDC | +0.0096% | +0.1% | 1000h · 1:35:03 PM | $0.05 | $16.83K |
2z Funding Rate FAQ
What is the 2Z funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on 2Z perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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