OKX ZM perpetual
ZM-USDT-SWAP
As of 2026-10-15 05:11 UTC, ZM-USDT-SWAP on OKX has a collected rate of +0.0394% over 8h, or +43.16% simple annualised; its collected settlement interval is 8h, with up to 20x leverage. Aster has a lower rate for longs at 0.00%.
What does this rate mean for a 10,000 USDT position?
For ZM-USDT-SWAP, 10,000 USDT of notional × 0.039413% gives 3.9413 USDT over the quoted 8h rate period: longs pay and shorts receive. This is a constant-rate illustration, not a settled bill or a forecast. Use the actual settlement rate and notional at each settlement; leverage is not multiplied again. Trading fees are separate.
How do I select the margin tier for ZM-USDT-SWAP?
This table selects tiers by base-asset quantity in ZM, not by the amount of margin deposited. The first tier starts at 0 and ends at 58 ZM. Above that, tier 2 requires 3.0000% maintenance margin.
Contract units and calculator input
One ZM-USDT-SWAP contract represents 1 ZM. Order lot size is expressed in the venue’s original unit. The liquidation calculator expects base-asset quantity; do not enter a contract count without converting units.
Further readingHow liquidation price is calculated: tiered maintenance margin and deductionsHow funding fees work: amounts, signs and settlement
Settled history is not currently available for this contract. The latest funding snapshot cannot establish the actual funding cost over the past 30 days.
Maintenance margin ladder
No deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 58 base | 2.0000% | 20.00x | — |
| 2 | 58.1 – 116 base | 3.0000% | 15.00x | — |
| 3 | 116.1 – 174 base | 4.0000% | 12.50x | — |
| 4 | 174.1 – 232 base | 4.5000% | 11.76x | — |
| 5 | 232.1 – 290 base | 5.0000% | 11.11x | — |
| 6 | 290.1 – 348 base | 5.5000% | 10.52x | — |
| 7 | 348.1 – 406 base | 6.0000% | 10.00x | — |
| 8 | 406.1 – 464 base | 6.5000% | 9.52x | — |
| 9 | 464.1 – 522 base | 7.0000% | 9.09x | — |
| 10 | 522.1 – 580 base | 7.5000% | 8.69x | — |
| 11 | 580.1 – 638 base | 8.0000% | 8.33x | — |
| 12 | 638.1 – 696 base | 8.5000% | 8.00x | — |
| 13 | 696.1 – 754 base | 9.0000% | 7.69x | — |
| 14 | 754.1 – 812 base | 9.5000% | 7.40x | — |
| 15 | 812.1 – 870 base | 10.0000% | 7.14x | — |
| 16 | 870.1 – 928 base | 10.5000% | 6.89x | — |
| 17 | 928.1 – 986 base | 11.0000% | 6.66x | — |
| 18 | 986.1 – 1044 base | 11.5000% | 6.45x | — |
| 19 | 1044.1 – 1102 base | 12.0000% | 6.25x | — |
| 20 | 1102.1 – 1160 base | 12.5000% | 6.06x | — |
| 21 | 1160.1 – 1218 base | 13.0000% | 5.88x | — |
| 22 | 1218.1 – 1276 base | 13.5000% | 5.71x | — |
| 23 | 1276.1 – 1334 base | 14.0000% | 5.55x | — |
| 24 | 1334.1 – 1392 base | 14.5000% | 5.40x | — |
| 25 | 1392.1 – 1450 base | 15.0000% | 5.26x | — |
| 26 | 1450.1 – 1508 base | 15.5000% | 5.12x | — |
| 27 | 1508.1 – 1566 base | 16.0000% | 5.00x | — |
| 28 | 1566.1 – 1624 base | 16.5000% | 4.87x | — |
| 29 | 1624.1 – 1682 base | 17.0000% | 4.76x | — |
| 30 | 1682.1 – 1740 base | 17.5000% | 4.65x | — |
| 31 | 1740.1 – 1798 base | 18.0000% | 4.54x | — |
| 32 | 1798.1 – 1856 base | 18.5000% | 4.44x | — |
| 33 | 1856.1 – 1914 base | 19.0000% | 4.34x | — |
| 34 | 1914.1 – 1972 base | 19.5000% | 4.25x | — |
| 35 | 1972.1 – 2030 base | 20.0000% | 4.16x | — |
| 36 | 2030.1 – 2088 base | 20.5000% | 4.08x | — |
| 37 | 2088.1 – 2146 base | 21.0000% | 4.00x | — |
| 38 | 2146.1 – 2204 base | 21.5000% | 3.92x | — |
| 39 | 2204.1 – 2262 base | 22.0000% | 3.84x | — |
| 40 | 2262.1 – 2320 base | 22.5000% | 3.77x | — |
| 41 | 2320.1 – 2378 base | 23.0000% | 3.70x | — |
| 42 | 2378.1 – 2436 base | 23.5000% | 3.63x | — |
| 43 | 2436.1 – 2494 base | 24.0000% | 3.57x | — |
| 44 | 2494.1 – 2552 base | 24.5000% | 3.50x | — |
| 45 | 2552.1 – 2610 base | 25.0000% | 3.44x | — |
| 46 | 2610.1 – 2668 base | 25.5000% | 3.38x | — |
| 47 | 2668.1 – 2726 base | 26.0000% | 3.33x | — |
| 48 | 2726.1 – 2784 base | 26.5000% | 3.27x | — |
| 49 | 2784.1 – 2842 base | 27.0000% | 3.22x | — |
| 50 | 2842.1 – 2900 base | 27.5000% | 3.17x | — |
| 51 | 2900.1 – 2958 base | 28.0000% | 3.12x | — |
| 52 | 2958.1 – 3016 base | 28.5000% | 3.07x | — |
| 53 | 3016.1 – 3074 base | 29.0000% | 3.03x | — |
| 54 | 3074.1 – 3132 base | 29.5000% | 2.98x | — |
| 55 | 3132.1 – 3190 base | 30.0000% | 2.94x | — |
| 56 | 3190.1 – 3248 base | 30.5000% | 2.89x | — |
| 57 | 3248.1 – 3306 base | 31.0000% | 2.85x | — |
| 58 | 3306.1 – 3364 base | 31.5000% | 2.81x | — |
| 59 | 3364.1 – 3422 base | 32.0000% | 2.77x | — |
| 60 | 3422.1 – 3480 base | 32.5000% | 2.73x | — |
| 61 | 3480.1 – 3538 base | 33.0000% | 2.70x | — |
| 62 | 3538.1 – 3596 base | 33.5000% | 2.66x | — |
| 63 | 3596.1 – 3654 base | 34.0000% | 2.63x | — |
| 64 | 3654.1 – 3712 base | 34.5000% | 2.59x | — |
| 65 | 3712.1 – 3770 base | 35.0000% | 2.56x | — |
| 66 | 3770.1 – 3828 base | 35.5000% | 2.53x | — |
| 67 | 3828.1 – 3886 base | 36.0000% | 2.50x | — |
| 68 | 3886.1 – 3944 base | 36.5000% | 2.46x | — |
| 69 | 3944.1 – 4002 base | 37.0000% | 2.43x | — |
| 70 | 4002.1 – 4060 base | 37.5000% | 2.40x | — |
| 71 | 4060.1 – 4118 base | 38.0000% | 2.38x | — |
| 72 | 4118.1 – 4176 base | 38.5000% | 2.35x | — |
| 73 | 4176.1 – 4234 base | 39.0000% | 2.32x | — |
| 74 | 4234.1 – 4292 base | 39.5000% | 2.29x | — |
| 75 | 4292.1 – 4350 base | 40.0000% | 2.27x | — |
| 76 | 4350.1 – 4408 base | 40.5000% | 2.24x | — |
| 77 | 4408.1 – 4466 base | 41.0000% | 2.22x | — |
| 78 | 4466.1 – 4524 base | 41.5000% | 2.19x | — |
| 79 | 4524.1 – 4582 base | 42.0000% | 2.17x | — |
| 80 | 4582.1 – 4640 base | 42.5000% | 2.15x | — |
| 81 | 4640.1 – 4698 base | 43.0000% | 2.12x | — |
| 82 | 4698.1 – 4756 base | 43.5000% | 2.10x | — |
| 83 | 4756.1 – 4814 base | 44.0000% | 2.08x | — |
| 84 | 4814.1 – 4872 base | 44.5000% | 2.06x | — |
| 85 | 4872.1 – 4930 base | 45.0000% | 2.04x | — |
| 86 | 4930.1 – 4988 base | 45.5000% | 2.02x | — |
| 87 | 4988.1 – 5046 base | 46.0000% | 2.00x | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 8h (00:00 · 08:00 · 16:00 UTC). Lot size uses the venue’s original order unit; the calculator takes base-asset quantity. Settlement intervals and times on every venue.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Aster | ZMUSDT | 8h | 0.00% |
| Bitget | ZMUSDT | 8h | 0.00% |
| Gate | ZM_USDT | 8h | 0.00% |
| Bybit | ZMUSDT | 8h | +23.94% |
| OKX this page | ZM-USDT-SWAP | 8h | +43.16% |
Common questions
What is the OKX ZM funding rate?
The latest collected OKX ZM funding rate is +0.0394% per 8h rate period, or +43.16% simple annualised. At this rate longs pay shorts.
How often is funding charged on OKX ZM?
The collected settlement interval is 8h, normally 3 times a day. Settlements fall at 00:00, 08:00 and 16:00 UTC, the same times in UTC+8. Venues can change it again; confirm the next settlement time on the venue's contract page.
What is the maximum leverage on OKX ZM?
The collected leverage cap for OKX ZM is 20x, with 87 margin tiers shown. The first margin tier, up to 58 ZM, allows 20x; the second allows 15x.
What is the maintenance margin rate on OKX ZM?
The first tier requires 2.0000%, with 87 available tiers. The applicable requirement depends on the position’s tier. This venue applies no deduction: maintenance margin = notional × the rate of the tier the position falls in.
Which venue has the lowest ZM funding cost for longs?
For a long position, Aster currently has the lowest rate at 0.00% annualised; this page's OKX is at +43.16%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
Observation time and verification
This contract’s funding was observed at 2026-10-15 05:11 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology