24h volume$169,869,044,389+96.24%Open interest$131,090,081,463+1.19%Liquidations 24h$151,187,065Longs/Shorts 24h49.64%/50.36%US 30Y5.293%−0.022US debt$40.44T+$30.7B
trifolio

← Arbitrage & Funding

OP Funding Rates

13 exchanges · updated 26 Oct, 18:25 UTC

OP perpetual funding on 13 exchanges, a year (APR): positive means longs pay shorts.

Highest now54.8%KrakenLowest now−18.3%OKXOpen interest$70.6M24h volume$63.4M
Best pair over 7 days
Long MEXC · Short Lighter · 14.5% a year, 14.5% after fees
Open in Arbitrage
Funding by exchange· highest first
ExchangeNow24h7 daysPayoutPriceOpen interest24h volume
KrakenCEX 54.8%+0.0063% / 1h −2.2% 7 days−5.8%paid 46% of hours hourlynext 19:00 UTC 0.11078 $582K $228K Trade
HyperliquidDEX 11.0%+0.0013% / 1h 8.6% 7 days1.9%paid 71% of hours hourlynext 19:00 UTC 0.11071 $3.9M $654K Trade
VariationalDEX 11.0%+0.0100% / 8h 6.9% 7 days6.1%paid 83% of hours every 8hnext 00:00 UTC 0.1106 $322K $115K Trade
GRVTDEX 11.0%+0.0100% / 8h 10.5% 7 days8.4%paid 90% of hours every 8hnext 00:00 UTC 0.11067 $261K $6.1M Trade
BitgetCEX 11.0%+0.0100% / 8h 11.0% 7 days6.2%paid 86% of hours every 8hnext 00:00 UTC 0.11065 $4.2M $1.3M Trade
GateCEX 11.0%+0.0100% / 8h −4.6% 7 days−4.0%paid 41% of hours every 8hnext 00:00 UTC 0.11073 $8.8M $783K Trade
KuCoinCEX 11.0%+0.0100% / 8h 9.1% 7 days4.3%paid 72% of hours every 8hnext 00:00 UTC 0.1107 $1.6M $583K Trade
BingXCEX 11.0%+0.0100% / 8h 11.0% 7 days9.1%paid 95% of hours every 8hnext 00:00 UTC 0.11072 $6.7M $12.8M Trade
LighterDEX 10.5%+0.0012% / 1h 10.1% 7 days10.3%paid 100% of hours hourlynext 19:00 UTC 0.1107 $216K $110K Trade
BybitCEX 5.4%+0.0049% / 8h −5.5% 7 days0.5%paid 54% of hours every 8hnext 00:00 UTC 0.11064 $14.0M $6.6M Trade
BinanceCEX 1.4%+0.0013% / 8h −1.0% 7 days−4.1%paid 42% of hours every 8hnext 00:00 UTC 0.1107 $17.8M $22.8M Trade
MEXCCEX 1.4%+0.0013% / 8h −1.1% 7 days−4.1%paid 42% of hours every 8hnext 00:00 UTC 0.11074 $7.7M $3.2M Trade
OKXCEX −18.3%−0.0167% / 8h −5.4% 7 days−4.8%paid 40% of hours every 8hnext 00:00 UTC 0.11069 $4.4M $8.0M Trade
Best pairs· after taker fees in and out over a 7-day hold
Pair7 daysAfter feesPrice spreadLiquidity
LongMEXCShortLighter
DEX ↔ CEX · thin market
14.5% 14.5%fees 0.00% Price spread−0.036%usual −0.062% $216K Open
LongKrakenShortLighter
DEX ↔ CEX · thin market
16.1% 10.9%fees 0.10% Price spread−0.18%usual −0.055% $216K Open
LongOKXShortLighter
DEX ↔ CEX · thin market
15.1% 9.9%fees 0.10% Price spread+0.009%usual −0.055% $216K Open
LongBinanceShortLighter
DEX ↔ CEX · thin market
14.5% 9.3%fees 0.10% Price spread−0.009%usual −0.062% $216K Open
LongGateShortLighter
DEX ↔ CEX · thin market
14.3% 9.1%fees 0.10% Price spread−0.045%usual −0.052% $216K Open
LongMEXCShortBingX
CEX ↔ CEX
13.3% 8.1%fees 0.10% Price spread−0.027%usual −0.012% $6.7M Open
LongMEXCShortGRVT
DEX ↔ CEX · thin market
12.5% 7.8%fees 0.09% Price spread−0.090%usual −0.006% $261K Open
LongMEXCShortVariational
DEX ↔ CEX · thin market
7.6%24h, new pair 7.6%fees 0.00% Price spread−0.10%usual −0.029% $322K Open
LongGateShortVariational
DEX ↔ CEX · thin market
12.6%24h, new pair 7.4%fees 0.10% Price spread−0.11%usual −0.026% $322K Open
LongOKXShortVariational
DEX ↔ CEX · thin market
12.5%24h, new pair 7.3%fees 0.10% Price spread−0.059%usual −0.023% $322K Open
Other coins

Funding from each exchange’s API, refreshed every minute; averages from our hourly records. Links to exchanges are referral links. This is information, not financial advice.