OP Funding Rate (Optimism)

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

Optimism current price: $0.09780

Rate MatrixHeatmapCumulative Fees

OP Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Binancehighest+0.0100%+10.95%8h00:00 UTC$13.3M
2Bybit+0.0012%+1.34%8h00:00 UTC$9.5M
3MEXC+0.0100%$6.6M
4Hyperliquid+0.0013%+10.95%1h$4.4M
5OKX+0.0100%+10.95%8h00:00 UTC$3.8M
6Bitget+0.0100%+10.95%8h$3.4M
7WhiteBIT+0.0100%+10.95%8h00:00 UTC$3.2M
8KuCoin+0.0100%+10.95%8h00:00 UTC$2.7M
9Gate-0.0024%-2.63%8h00:00 UTC$0.7M
10Lighter+0.0096%+84.10%1h$0.4M
11Kraken+0.0006%$0.3M
12Backpack+0.0013%+10.95%1h00:00 UTC$0.2M
13edgeX-0.0050%-10.95%4h00:00 UTC$0.2M
14CoinEx+0.0000%+0.00%8h08:00 UTC$0.2M
15Aster+0.0100%+10.95%8h00:00 UTC$0.1M
16Coinbase+0.0025%+21.90%1h$0.0M
17dYdX+0.0000%+0.00%1h$0.0M
18Crypto.com+0.0033%$0.0M
19Paradex+0.0044%+4.83%8h$0.0M
20HTX+0.0100%+10.95%8h00:00 UTC
21BingX+0.0100%00:00 UTC
22Bitunix+0.0100%+10.95%8h00:00 UTC
23LBank+0.0100%00:00 UTC
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0055%
OI-Weighted Rate
+0.0071%
Volume-Weighted Rate
+0.0086%

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-0.0197%+0.0069%+0.2756%+0.2756%

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 0.0055% across 23 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.