Optimism Funding Rate (OP)

Compare Optimism perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute

Optimism current price: $0.1009

Rate MatrixHeatmapCumulative Fees

OP Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Binancehighest+0.0100%+10.95%8h16:00 UTC$15.4M
2MEXC+0.0100%$12.1M
3Bybit+0.0100%+10.95%8h16:00 UTC$10.0M
4OKX+0.0100%+10.95%8h16:00 UTC$4.4M
5Bitget+0.0100%+10.95%8h$4.2M
6Hyperliquid-0.0032%-28.08%1h$3.9M
7WhiteBIT-0.0017%-1.88%8h16:00 UTC$3.8M
8KuCoin+0.0100%+10.95%8h16:00 UTC$3.6M
9Gate+0.0100%+10.95%8h16:00 UTC$1.6M
10Kraken-0.0012%$0.5M
11Backpack-0.0021%-18.31%1h10:00 UTC$0.2M
12Lighter+0.0096%+84.10%1h$0.1M
13CoinEx+0.0000%+0.00%8h00:00 UTC$0.1M
14Aster+0.0100%+10.95%8h16:00 UTC$0.1M
15dYdX+0.0000%+0.00%1h$0.0M
16Coinbase-0.0012%-10.51%1h$0.0M
17Crypto.com+0.0056%$0.0M
18HTX+0.0100%+10.95%8h16:00 UTC
19BingX+0.0100%16:00 UTC
20Bitunix+0.0100%+10.95%8h16:00 UTC
21LBank+0.0100%16:00 UTC
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0060%
OI-Weighted Rate
+0.0082%
Volume-Weighted Rate
+0.0093%

OP Funding Rate History

OP Cumulative Funding Cost

Cumulative settled funding rate by exchange over each window — positive means longs paid shorts (cost of holding a long), negative means shorts paid longs.

Exchange1D7D30D90D
Binance+0.0000%+0.0066%+0.3748%+0.7888%
Gate+0.0000%+0.0500%+0.0500%+0.0813%
Bitget+0.0000%+0.0462%+0.0462%+0.0701%
OKX+0.0000%+0.0383%+0.0383%+0.0271%
Bybit+0.0000%+0.0380%+0.0380%-0.0068%

About Optimism Funding Rate

What is the OP funding rate?

The OP funding rate is a periodic payment between long and short traders on Optimism perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged OP perpetual position.

What does a positive or negative OP funding rate mean?

A persistently positive OP funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.

What is the current OP funding rate?

As of now, the OP funding rate averages 0.0060% across 21 exchanges CoinBoss tracks, and the rate is positive. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.

Which exchange has the highest OP funding rate?

Right now binance shows the highest (or most extreme) OP funding rate among tracked exchanges, at 0.0100%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.