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OP Perpetual Funding Rates

Updated 4 min ago ยท annualized from current funding

As of 4 min ago, OP perpetual funding is mixed across venues. The richest rate is +11.0% APR on OKX โ€” a long there pays roughly +0.030% per day while the rate holds (a short collects it). The cheapest is -28.6% APR on Hyperliquid. The widest market-neutral spread is +39.5% APR: long the OP perp on Hyperliquid, short it on OKX, and the position has no OP price exposure โ€” just the funding gap (before fees). Tracked open interest is around $4M.

Funding by venue

VenueFunding APRIntervalNext
Binance (predicted)+5.02%8h08:00 UTC
Bybit (predicted)-12.8%8h08:00 UTC
OKX+11.0%8h08:00 UTC
Hyperliquid-28.6%1hโ€”

Cross-venue spread

Long OP on Hyperliquid, short on OKX โ†’ +39.5% APR gross, delta-neutral.

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