Question 1

Which exchange has the highest OPN funding rate right now?

Accepted Answer

Coinbase International shows the highest OPN funding at +1748.82% annualized. A high positive rate means shorts get paid, so this is the venue to short OPN when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Question 2

Which exchange is best to long OPN for funding?

Accepted Answer

BloFin has the lowest OPN funding at +6.37% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

Question 3

What is the best OPN funding-arbitrage pair?

Accepted Answer

The widest spread is long BloFin / short Coinbase International at about 1742.4% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does OPN funding settle?

Accepted Answer

OPN funding settles on different schedules by venue (1h, 4h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Question 5

Is OPN funding positive or negative?

Accepted Answer

OPN funding is currently positive across venues (longs pay shorts), ranging +6.37% to +1748.82% APR.

Question 6

What is the current OPN perpetual swap funding rate?

Accepted Answer

The current OPN perpetual swap funding rate ranges from +6.37% to +1748.82% annualized depending on the exchange — BloFin is lowest and Coinbase International is highest right now. There is no single OPN funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

Question 7

What is the aggregated OPN funding rate across exchanges?

Accepted Answer

Aggregated across the 19 venues ORBIT tracks, OPN funding currently spans +6.37% to +1748.82% APR, a spread of 1742.4 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

Question 8

How do I read the OPN 8h funding rate versus the annualized rate?

Accepted Answer

OPN does not settle on an 8-hour schedule on the venues tracked here. Because intervals differ by exchange, comparing raw per-payment rates is misleading; ORBIT normalizes each venue to annualized APR so the numbers are directly comparable.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
Coinbase InternationalBest Short	+1748.82%	1h	$13K	$0.0584
Gate.io	+166.77%	4h	$90K	$0.0555
Hotcoin	+21.92%	4h	$280K	$0.0556
Binance Futures	+10.96%	4h	$4.0M	$0.056
Bybit	+10.96%	4h	$780K	$0.0556
OKX	+10.96%	4h	$712K	$0.0556
BingX	+10.96%	4h	$1.4M	$0.056
Bitget	+10.96%	4h	$618K	$0.0555
KuCoin	+10.96%	4h	$203K	$0.0556
MEXC	+10.96%	4h	$699K	$0.0559
Aster	+10.96%	4h	$15K	$0.0558
WOOFi Pro	+10.96%	4h	$2K	$0.0558
Toobit	+10.96%	4h	$323K	$0.0555
Bitunix	+10.96%	4h	—	$0.0555
WEEX	+10.96%	4h	$39K	$0.0556
Pionex	+10.96%	4h	$6K	$0.0555
CoinW	+10.96%	4h	—	$0.0559
LBank	+10.96%	4h	—	$0.0559
BloFinBest Long	+6.37%	4h	$196K	$0.0555

OPN Perpetual Swap Funding Rate by Exchange

How OPN funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

OPN funding rates explained

Frequently asked questions