PerpEquities

ETF

Direxion Daily Small Cap Bear 3X ETF (TZA) perpetual futures

TZA perpetual futures on 13 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade TZAUSDT.

Direxion Daily Small Cap Bear 3X ETF tracked across crypto venues with normalized contract specifications.

$51.17+6.8%NYSE American closed
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Price chart

 

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Collecting venue price data...
venue perp mark · LBank (TZA/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

13/13 live markets
Venues
13
Live markets
13/13
24h volume
$2.9MCoverage: 10/13 marketsExchange-reported volume: $6.7M
Open interest
$13.3MCoverage: 11/13 markets
Best liquidity
$2.3M
LBank
Tightest spread
+5.9 bps
MEXC
Highest volume
$1.2M
Binance
Settlement mix
USDT · 12/13
Perp/spot vol.
0.02x
Spot volume $148M
OI / float
-
Float $0
Spot performance
1D+1.29%
5D+1.66%
1M+11.25%
6M-12.41%
YTD-35.74%
1Y-36.33%

Venue matrix

13 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BinanceTradeTZA/USDTTrading$51.130.0% APR
0.000% every 8h		+7.8 bps$484.6K$1.2M$1.1MUSDT-
MEXCTradeTZA/USDTTrading$51.150.0% APR
0.000% every 8h		+5.9 bps$115.9K$184.7K$355KUSDT50x
BitunixTradeTZA/USDTTrading$51.18+0.1% APR
+0.00007% every 8h		+21.5 bps$187.9K$143.5K$93.6KUSDT25x
XT.comTradeTZA/USDTTrading$51.13+1.4% APR
+0.00125% every 8h		+11.7 bps$68K$127K$10.7MUSDT25x
BybitTradeTZA/USDTTrading$51.150.0% APR
0.000% every 8h		+17.6 bps$17.4K$102.2K$346.2KUSDT25x
BitgetTradeTZA/USDTTrading$51.160.0% APR
0.000% every 8h		+13.1 bps$780.1K$80.2K$271.5KUSDT20x
HTXTradeTZA/USDTTrading$51.13-+172.3 bps$1.5K$54.9K-USDT-
Gate.ioTradeTZA/USDTTrading$51.170.0% APR
0.000% every 8h		+7.8 bps-$14.5K$133.9KUSDT20x
Crypto.com ExchangeTradeTZA/USDTrading$51.23+22.4% APR
+0.00256% every 1h		+17.6 bps$2.9K$1.4K$476.4USD50x
DeepcoinTradeTZA/USDTTrading$51.16-+19.6 bps$43.7K$1M-USDT25x
LBankTradeTZA/USDTTrading$51.170.0% APR
0.000% every 8h		+7.8 bps$2.3M$1.3M⚠$24.3KUSDT50x
BingXTradeTZA-USDTTrading$51.17-5.5% APR
-0.00500% every 8h		+7.8 bps$398.4K$1.3M⚠$50.6KUSDT-
OurbitTradeTZA/USDTTrading$51.150.0% APR
0.000% every 8h		+9.8 bps$167.9K$1.1M⚠$204.6KUSDT50x

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Broad liquidity · 10 of 13 venues absorb $10k · Typical cost: +18.4 bps – +27.1 bps

Cheapest execution: LBank · +11.1 bps

Too thin: Crypto.com Exchange

No fresh book data: HTX, Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

TZA
LBank · TZA/USDT$2.3M

Tightest spread

TZA
MEXC · TZA/USDT+5.9 bps

Highest volume

TZA
Binance · TZA/USDT$1.2M

Funding history

Stored venue snapshots by market

ETF data

Direxion Daily Small Cap Bear 3X ETF

TZA
Assets under management$235.50M
Expense ratio0.99%
Net asset value$47.75
Holdings12
InceptionNov 5, 2008
Complex ETF exposure: Leveraged · SyntheticThis fund uses leveraged or synthetic exposure. Reported positions can include derivatives, swaps or collateral and are not a complete look-through of the economic exposure.

Top reported holdings

  1. 1TZARTY SWAP ASSET LEG (RTYSGS)30.55%
  2. 2TZARTY SWAP ASSET LEG (RTYBCS)27.5%
  3. 3TZADREYFUS GOVT CASH MAN INS-27.47%
  4. 4TZARTY SWAP ASSET LEG (RTYCTS)26.24%
  5. 5TZARTY SWAP ASSET LEG (RTYUBS)19.5%
  6. 6TZARTY SWAP ASSET LEG (RTYJPS)17.54%
  7. 7TZARTY SWAP ASSET LEG (RTYBPS)16.85%
  8. 8TZARTY SWAP ASSET LEG (RTYMLS)13.26%
  9. 9TZAGOLDMAN FINL SQ TRSRY INST 506-12.14%
  10. 10TZADREYFUS TRSRY SECURITIES CASH MGMT-6.32%

Sector allocation

  • Cash & Others100%

Country allocation

  • Other100%
Provider updated: Oct 14, 2026, 07:00 AM UTCFetched: Oct 14, 2026, 03:25 PM UTCSource: FMP

Next catalyst

Catalysts

No unusual perp activity right now.

Frequently asked questions

Where can I trade TZA perpetual futures?

Direxion Daily Small Cap Bear 3X ETF (TZA) perpetual futures trade on 13 crypto venues, including LBank, BingX, Binance. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade TZA around the clock?

Yes. Unlike the underlying stock, TZA perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on TZA perpetuals?

Right now the TZA perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 13 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

What is a TZA perpetual future?

A TZA perpetual is a derivative that tracks the price of Direxion Daily Small Cap Bear 3X ETF with no expiry date. It lets you take long or short exposure to Direxion Daily Small Cap Bear 3X ETF on crypto venues, around the clock.

Other ETF perps

All ETF perps compared →

Also listed on LBank

Also listed on BingX

Also listed on Binance

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