ZHIPU Funding Rate & Schedule
ZHIPU perpetual futures funding rate on 5 exchanges: OKX, Binance, Bybit, MEXC, Hyperliquid. 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 03:00 UTC, from the exchanges' public endpoints.
- • Cheapest for longs: OKX (8h equivalent −0.0395%).
- • Best for shorts: Hyperliquid (8h equivalent +0.0050%).
- • Cross-exchange spread: 0.0445% per 8h.
- • Next collection: Binance at 04:00 UTC (0.0000%, no payment).
- • Collection intervals: every 1h, 4h, 8h.
ZHIPU — funding by exchange
| Exchange | Next rate | Who pays | Interval | Next collection | 8h equiv. | Annual | 24h volume | |
|---|---|---|---|---|---|---|---|---|
| OKX | −0.0395% | ▼ shorts pay | every 8h | 08:00 UTC | −0.0395% | −43.3% | $2.9M | |
| Binance | 0.0000% | none | every 4h |
Frequently asked questions
What is the ZHIPU funding rate?
A periodic payment between long and short holders of the ZHIPU 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 ZHIPU funding collected?
It depends on the exchange: OKX 8h, Binance 4h, Bybit 8h, MEXC 4h, Hyperliquid 1h. Use the "8h equivalent" column to compare different intervals.
Which exchange has the lowest ZHIPU funding?
At the last refresh the lowest 8h equivalent for longs was OKX (−0.0395%) and the highest for shorts Hyperliquid (+0.0050%). Rates change during the period and are fixed at collection.
How is ZHIPU funding calculated?
Payment = position size × funding rate. A 10,000 USDT ZHIPU long at 0.01% pays 1 USDT at collection. Leverage doesn't change the payment; position size does. Highest 24h volume is on Binance ($8.8M).
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