ZK funding rates

ZK perpetual funding is currently quoted across 7 venues, ranging from +10.5% to +174.2% APR. The most reliable delta-neutral pairing for ZK right now is long Variational / short Kraken at +136.5% net APR (high risk, ~1.1d to break even).

as of 2026-09-12 04:24 UTC
Best delta-neutral pairing
Long Variational / Short Kraken
+136.5% net APR
Backtested (30d)
+40.4%
Stability
59.6%
Risk
high
Breakeven
~1.1d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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ZK funding by exchange

ExchangeFunding APR
Kraken+174.16%
Hyperliquid+10.95%
Pacifica+10.95%
Variational+10.95%
Aster+10.95%
Grvt+10.95%
Lighter+10.51%

Frequently asked

What is the ZK funding rate right now?

ZK perpetual funding ranges from 10.51% to 174.16% APR across 7 exchanges we track; the widest delta-neutral spread is long Variational / short Kraken at 136.5% net APR.

Which exchange has the highest ZK funding rate?

Kraken currently has the highest at 174.16% APR. See the full ranking above.