LayerZero (ZRO) Perpetual Futures

– 24h · perp mark price

24h volume – vs prior 24h Open interest – · Funding rate (OI-weighted, 8h) – annualised Long / short ratio (24h) – long Liquidations (24h) – longs OI / market cap – Market cap –

LayerZero price and derivatives history

Daily close and perpetual volume across tracked exchanges

LayerZero perpetual futures market

Cross-chain apps need a way to pass messages between blockchains, and LayerZero is one of the most widely used protocols for the job. Developers build omnichain tokens and apps on it that work across many networks without relying on a single bridge. ZRO is the protocol's governance token. Perps give traders a direct way to take a view on cross-chain activity, hedge airdropped or vested holdings, or go short without borrowing the token.

Open interest in ZRO is unusually spread out. Binance leads on daily volume, with Bybit and OKX behind it, while a large share of open positions sits on Hyperliquid. Hyperliquid settles funding every hour, so its rate can drift away from centralised venues during sharp moves. Scheduled unlocks for team and investor allocations add supply over time, and governance decisions about how the protocol captures value are the other recurring catalyst.

ZRO funding rates ZRO open interest ZRO liquidations ZRO long/short ratio

Ticker: ZRO
Asset class: Crypto
Tracked markets: –
Most active venue: –
Funding intervals: –
Trading hours: 24/7
±1% order book depth: –

LayerZero perpetual markets by exchange

Every tracked ZRO perpetual market

#	Exchange	Price	24h	Volume 24h	Open interest	OI 24h	Funding 8h	L/S	Liq. 24h	±1% depth	Trade

Open interest by exchange

Share of total · 24h change

All OI

Liquidations by exchange

Last 24h · long vs short

All liquidations

Taker buy vs sell

Last 4h · buy share of taker volume

Long/short data

LayerZero perpetual futures FAQ

Live answers use data from every tracked ZRO perpetual markets · updated –

What is the ZRO funding rate today?

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How much ZRO open interest is there?

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What is LayerZero?

LayerZero is an interoperability protocol that carries messages between blockchains, letting an app on one chain trigger actions or move tokens on another. Developers use it for omnichain fungible tokens, which keep a single supply across many chains. ZRO is the token used to govern the protocol.

What is ZRO perpetual futures trading volume?

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Are traders long or short ZRO right now?

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How do token unlocks affect ZRO perps?

Unlocks add supply that recipients may sell, so traders often trim longs or open shorts ahead of large release dates. Watching open interest and funding in the days around an unlock shows how that positioning builds. Rising open interest with falling funding suggests shorts are preparing for the extra supply.

Is ZRO traded on Hyperliquid?

Yes. ZRO has a USD-margined perpetual on Hyperliquid, which settles funding hourly and has carried a large share of ZRO open interest. It also trades on centralised venues such as Binance, Bybit and OKX. The top decentralised perpetual exchanges page compares on-chain venues.

How much ZRO was liquidated in the last 24 hours?

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What drives demand for ZRO?

Demand ties back to how widely LayerZero is used and how governance chooses to capture value from that usage. Growth in omnichain tokens and cross-chain apps supports the case for the token, while new supply from vesting allocations weighs on it. Broader altcoin risk appetite also moves ZRO alongside other infrastructure tokens.

What are ZRO perpetual futures?

ZRO perpetual futures are derivatives contracts that track the price of ZRO and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any ZRO.

How does ZRO funding work?

Funding is a payment between longs and shorts. When ZRO perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

Where can I trade ZRO perpetuals?

Compare venues, fees and features on the best perpetual exchanges page.

Should I long or short ZRO?

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.