2Z Funding Rate & Schedule
2Z perpetual futures funding rate on 6 exchanges: Hyperliquid, Bybit, MEXC, Binance, OKX, BingX. Each exchange's next rate, how often it is collected, the next collection time, the 8-hour equivalent and 24h volume are below. Data as of 2026-10-18 16:48 UTC, from the exchanges' public endpoints.
- • Cheapest for longs: Hyperliquid (8h equivalent −0.0673%).
- • Best for shorts: BingX (8h equivalent +0.0100%).
- • Cross-exchange spread: 0.0773% per 8h.
- • Next collection: Hyperliquid at 17:00 UTC (−0.0084%, shorts pay longs).
- • Collection intervals: every 1h, 4h.
Where 2Z stands
- • 2Z ranks #255 by 24h volume among 922 pairs listed on at least two exchanges.
- • Average 8h equivalent across exchanges is −0.0134% (shorts pay) — #812 of 922 from the highest.
- • Cross-exchange spread is 0.0773% (8h), #59 by spread — a wider spread means more arbitrage room.
- • Exchanges collect this pair at different intervals (1h, 4h); compare by the 8h equivalent.
2Z — funding by exchange
| Exchange | Next rate | Who pays | Interval | Next collection | 8h equiv. | Annual | 24h volume | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid | −0.0084% | ▼ shorts pay | every 1h | 17:00 UTC | −0.0673% | −73.7% | $470K | |
| Bybit | −0.0102% | ▼ shorts pay | every 4h | 20:00 UTC | −0.0204% | −22.3% | $990K | |
| MEXC | −0.0086% | ▼ shorts pay | every 4h | 20:00 UTC | −0.0172% | −18.8% | $178K | |
| Binance | +0.0023% | ▲ longs pay | every 4h | 20:00 UTC | +0.0046% | +5.0% | $3.1M | |
| OKX | +0.0050% | ▲ longs pay | every 4h | 20:00 UTC | +0.0100% | +10.9% | $1.2M | |
| BingX | +0.0050% | ▲ longs pay | every 4h | 20:00 UTC | +0.0100% | +10.9% | $6.6M |
The rate updates during the period and is fixed at collection. The 8h equivalent compares different intervals fairly (0.01% every 4h = 0.02% per 8h). Source: the exchanges' public endpoints.
Frequently asked questions
What is the 2Z funding rate?
A periodic payment between long and short holders of the 2Z perpetual contract. If the rate is positive, longs pay shorts; if negative, shorts pay longs. It keeps the perpetual price close to spot.
How often is 2Z funding collected?
It depends on the exchange: Hyperliquid 1h, Bybit 4h, MEXC 4h, Binance 4h, OKX 4h, BingX 4h. Use the "8h equivalent" column to compare different intervals.
Which exchange has the lowest 2Z funding?
At the last refresh the lowest 8h equivalent for longs was Hyperliquid (−0.0673%) and the highest for shorts BingX (+0.0100%). Rates change during the period and are fixed at collection.
How is 2Z funding calculated?
Payment = position size × funding rate. A 10,000 USDT 2Z long at 0.01% pays 1 USDT at collection. Leverage doesn't change the payment; position size does. Highest 24h volume is on BingX ($6.6M).
Pairs with funding similar to 2Z
Funding rates for other pairs
Guide: What Is the Funding Rate? How It's Calculated and When It's Paid · Funding Rate Arbitrage: Reading Cross-Exchange Funding Spreads