OP (OPUSDT) funding rates by exchange
The current funding rate for every OP perpetual we track, venue by venue, with 7-day and 30-day accumulated funding and the annualised rate. A positive rate means longs pay shorts.
- Exchanges
- 22
- Venue spread
- 0.015%
- Pays most
- Kraken
- 24h volume
- $76.9M
Right now Kraken pays +0.0104% per 8 hours and Bybit pays -0.005% — that spread is what a funding-arbitrage position captures.
Right now 21 of the 22 OP contracts carry a positive rate and the rest are negative. The sign itself differs by venue, which is the cleanest setup for a funding trade: collect on one leg instead of merely paying less on it.
Over the last 30 days the most OP funding accumulated on OKX EEA, at +0.90% — worth checking against the current rate, because the leader on accumulated funding is often not the leader today.
OP also trades as an inverse, coin-margined contract on Bybit. Inverse funding is quoted against a USD-denominated contract and settles in OP itself, so it moves independently of the USDT-margined rate above.
Funding history for OP
Pick up to three venues below the chart, or click a row in the table. Drag to move through the history, scroll to zoom. Each dot is one settled day; above the dashed line the shorts are paid, below it the longs.
| Exchange | Contract | Current rate | APR | 7d sum | 30d sum | 30d trend | 24h volume |
|---|---|---|---|---|---|---|---|
 Kraken |
OP-USDT | +0.0013% | +7.7% | -0.21% | -0.43% | $272K | |
 OKX EEA |
OP-USDT | +0.01% | +7.3% | +0.21% | +0.90% | $22K | |
 Gate.io |
OP-USDT | +0.01% | +7.3% | -0.13% | -0.15% | $1.2M | |
 HTX |
OP-USDT | +0.01% | +7.2% | +0.27% | +0.43% | $40K | |
 KuCoin |
OP-USDT | +0.01% | +7.1% | +0.14% | +0.54% | $8.9M | |
 Hyperliquid |
OP-USDT | +0.0013% | +7.7% | +0.21% | +0.33% | $396K | |
 Bitget |
OP-USDT | +0.01% | +7.1% | +0.16% | +0.61% | $1.7M | |
 Aster |
OP-USDT | +0.01% | +7.3% | +0.21% | +0.82% | $61K | |
 WhiteBIT |
OP-USDT | +0.01% | +7.2% | +0.16% | +0.59% | $2.9M | |
 BingX |
OP-USDT | +0.01% | +7.3% | +0.18% | +0.76% | $2.5M | |
 Lighter |
OP-USDT | +0.0012% | +8.1% | +0.20% | +0.73% | $111K | |
 BloFin |
OP-USDT | +0.0093% | +6.3% | +0.17% | +0.81% | $41K | |
 GRVT |
OP-USDT | +0.007% | +4.1% | +0.05% | +0.57% | $4.9M | |
 XT.com |
OP-USDT | +0.007% | +3.7% | +0.06% | +0.52% | $3.2M | |
 Binance |
OP-USDT | +0.007% | +4.0% | +0.05% | -0.11% | $20.9M | |
 LBank |
OP-USDT | +0.007% | +3.7% | +0.05% | -0.11% | $7.2M | |
 Toobit |
OP-USDT | +0.007% | +3.7% | +0.05% | -0.10% | $714K | |
 WEEX |
OP-USDT | +0.007% | +3.7% | +0.05% | -0.11% | $214K | |
 MEXC |
OP-USDT | +0.0069% | +3.2% | +0.05% | -0.11% | $4M | |
 Bitunix |
OP-USDT | +0.0038% | +0.3% | +0.05% | -0.12% | $656K | |
| OKX |
OP-USDT | +0.0011% | -2.4% | +0.04% | -0.02% | $9.6M | |
 Bybit |
OP-USDT | -0.005% | -9.3% | +0.01% | +0.16% | $7.4M |
Click a column header to sort · use Columns to show or hide metrics
Rates come straight from exchange data and change at every settlement; APR annualises the current rate at the contract's own funding interval. Market data, not investment advice.
Other coins
Funding rates by coin →
ZRO
ETHFI
ICP
UVXYSTOCK
RKLBSTOCK
USELESS
FET
IRENSTOCK
INTWSTOCK
WDCSTOCK
COHRSTOCK
ZHIPUSTOCKFrequently asked questions
What is the OP funding rate right now?
OP funding currently ranges from +0.0104% on Kraken down to -0.005% on Bybit per 8 hours — the table above lists every venue. A positive rate means long positions pay short positions at the next settlement; a negative rate means the reverse.
Which exchange pays the highest OP funding?
At the moment Kraken shows the highest OP funding rate. This changes at every settlement, so trust the live ranking above rather than any fixed answer.
How do you trade the OP funding difference?
You hold offsetting positions on two venues — long where funding is negative, short where it is positive — so price exposure cancels out and you collect the difference at each settlement. On OP that difference is currently 0.015% per 8 hours, before the trading fees on both legs.
What an Arbitron subscription unlocks
- The full ranking, including the hidden top opportunities
- Telegram alerts on your own filters
- Fully automated execution on your own dedicated server