Live LayerZero (ZRO) Perpetual Futures Price

LayerZero (ZRO) perpetual futures (perps) trade 24/7 on Phoenix, a fully on-chain order book exchange on Solana. As of October 26, 2026, ZRO trades at $1.6655 with $198,777 in open interest. Fees are 0.035% taker and 0.005% maker, and you can use USDC or SOL as collateral.

Mark price$1.6655-5.97%
Oracle price
$1.6651
24h high
$1.798
24h low
$1.6377
24h volume
$30,774
Open interest
$198,777
1h funding
-0.0026%

ZRO mark price, last 24 hours

17:45 UTC17:30 UTC

ZRO contract specifications

Contract type
Perpetual futures, no expiry
Margin and settlement
USDC
Maximum leverage
5x
Margin mode
Cross or isolated
Taker fee
0.035%
Maker fee
0.005%
Trading hours
24/7

ZRO trades 24/7. Parameters are set per market and can change. See all market parameters

ZRO funding rate

1 hour
-0.0026%
8 hours
-0.0211%
Annualized
-23.09%

The rate is negative: traders holding short ZRO positions pay traders holding long positions. Funding settles every hour. The 8-hour and annualized figures extend the current hourly rate and are not forecasts.

About LayerZero

LayerZero is an omnichain protocol that lets users send messages across different blockchains.

Open interest is the notional value of ZRO positions still open on Phoenix. 24h volume is the notional value traded over the last 24 hours.

ZRO perpetuals questions

What is the ZRO perpetual price right now?

The LayerZero perpetual price on Phoenix is $1.6655, a change of -5.97% over the last 24 hours. It's the mark price of the ZRO perpetual, which can differ slightly from LayerZero prices quoted elsewhere.

Can I trade ZRO perpetuals on Solana?

Yes. ZRO perpetuals trade on Phoenix, a fully on-chain perpetuals exchange on Solana. Connect a Solana wallet or sign in with email, deposit USDC or SOL, and trade ZRO 24/7.

What is the ZRO funding rate right now?

The ZRO funding rate on Phoenix is -0.0026% per hour, or -23.09% annualized. A positive rate means longs pay shorts, and a negative rate means shorts pay longs. Funding settles every hour.

What is ZRO open interest on Phoenix?

ZRO open interest on Phoenix is $198,777, with $30,774 traded over the last 24 hours.

What are the fees to trade ZRO perpetuals?

Trading ZRO perpetuals (perps) on Phoenix costs 0.035% for taker orders and 0.005% for maker orders, based on matched notional.

Can I use SOL as collateral to trade ZRO?

Yes. Phoenix accepts USDC and native SOL as collateral, and SOL counts toward margin at up to 80% of its value, so you can trade ZRO without selling your SOL. Profit and loss settle in USDC.

Do ZRO perpetuals expire?

No. ZRO perpetuals have no expiry date. A position stays open until you close it or it is liquidated, unless the market itself is settled or delisted under its listing terms.

How does Phoenix decide ZRO liquidations?

Phoenix uses the mark price, not the last trade, to check account health and trigger ZRO liquidations. The mark price is the median of an adjusted oracle price, the Phoenix order book price and perpetual prices on major external exchanges, which reduces the risk of liquidations caused by a brief spike on a single venue.

Where can I see ZRO order book depth and price history?

The ZRO trade screen on Phoenix shows the live order book, recent trades and an interactive chart. Developers can stream the same data through the Phoenix API, the Rise SDK and the Vulcan CLI.

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