OP funding rates and position payments
Funding is a payment between long and short holders of a perpetual contract. At a positive rate, longs pay shorts. At a negative rate, shorts pay longs.
MSK
Exchanges with current rates
12
Range normalized to 8 hours
-0.0176% → +0.0100%
Where the selected side receives funding
Long: 5 of 12
Calculate one funding payment
The full position value in USD. For a leveraged position, this is collateral multiplied by leverage.
Long on Binance · OPUSDT
Receives 1.76 USD equivalent
10 000.00 USD × -0.0176% per 8 h
One settlement calculated from the displayed rate and position notional. Trading fees and profit or loss from price changes are calculated separately.
Compare current funding rates
Rows are ordered by the payment to the selected side over the same eight hours. The original rate and single payment apply to each contract’s own interval.
| Exchange / contract | Rate per interval | 8-hour equivalent | One paymentUSD equivalentLong · 10 000.00 USD | Next settlement |
|---|---|---|---|---|
|
Binance
OPUSDT
Rate as of MSK
24-hour volume: 36 058 520 USD |
-0.0176% per 8 h | -0.0176% | Receives 1.76 USD | MSK |
|
MEXC
OP_USDT
Rate as of MSK
24-hour volume: 9 607 917 USD |
-0.0175% per 8 h | -0.0175% | Receives 1.75 USD | — |
|
Gate.io
OP_USDT
Rate as of MSK
Open exchange ↗ |
-0.0104% per 8 h | -0.0104% | Receives 1.04 USD | MSK |
|
Bybit
OPUSDT
Rate as of MSK
Open interest: 16 865 080 USD 24-hour volume: 13 259 742 USD |
-0.0030% per 8 h | -0.0030% | Receives 0.30 USD | MSK |
|
OKX
OP-USDT-SWAP
Rate as of MSK
Open exchange ↗ |
-0.0005% per 8 h | -0.0005% | Receives 0.05 USD | MSK |
|
BingX
OP-USDT
Rate as of MSK
Open exchange ↗ |
+0.0083% per 8 h | +0.0083% | Pays 0.83 USD | MSK |
|
Bitget
OPUSDT
Rate as of MSK
Open interest: 4 879 840 USD 24-hour volume: 2 133 518 USD |
+0.0083% per 8 h | +0.0083% | Pays 0.83 USD | — |
|
Aster
OPUSDT
Rate as of MSK
Open exchange ↗ |
+0.0100% per 8 h | +0.0100% | Pays 1.00 USD | MSK |
|
edgeX
OPUSDC
Rate as of MSK
Open exchange ↗ |
+0.0050% per 4 h | +0.0100% | Pays 0.50 USD | — |
|
HTX
OP-USDT
Rate as of MSK
Open exchange ↗ |
+0.0100% per 8 h | +0.0100% | Pays 1.00 USD | MSK |
|
Hyperliquid
OP
Rate as of MSK
Open interest: 4 369 601 USD 24-hour volume: 867 071 USD |
+0.0013% per 1 h | +0.0100% | Pays 0.13 USD | — |
|
KuCoin
OPUSDTM
Rate as of MSK
24-hour volume: 2 942 710 USD |
+0.0100% per 8 h | +0.0100% | Pays 1.00 USD | MSK |
Latest completed settlements
These payments have already settled. They are separate from the current-rate comparison.
| Exchange / contract | Rate per interval | One paymentUSD equivalentLong · 10 000.00 USD | Settlement time |
|---|---|---|---|
|
Extended
OP-USD
Rate as of MSK
Open interest: 23 121 USD 24-hour volume: 1 464 USD |
-0.0022% per 1 h | Receives 0.22 USD | MSK |
|
GRVT
OP_USDT_Perp
Rate as of MSK
24-hour volume: 5 842 022 USD |
+0.0100% per 8 h | Pays 1.00 USD | MSK |
|
Lighter
OP-USD
Rate as of MSK
24-hour volume: 284 715 USD |
+0.0012% per 1 h | Pays 0.12 USD | MSK |
Completed settlements over 24 hours and 7 days
The sum of published settlement rates for each contract. Payment amounts are USD equivalents for a constant 10 000.00 USD notional and the selected direction.
GRVT
24 hours
+0.0300%
Pays 3.00 USD
3 settlements
17.10.2026 11:00 — 18.10.2026 03:00 MSK
7 days
+0.2054%
Pays 20.54 USD
21 settlements
11.10.2026 11:00 — 18.10.2026 03:00 MSK
Extended
24 hours
-0.0253%
Receives 2.53 USD
24 settlements
17.10.2026 10:00 — 18.10.2026 09:00 MSK
7 days
-0.0229%
Receives 2.29 USD
168 settlements
11.10.2026 10:00 — 18.10.2026 09:00 MSK
Lighter
24 hours
+0.0288%
Pays 2.88 USD
24 settlements
17.10.2026 10:00 — 18.10.2026 09:00 MSK
7 days
+0.1840%
Pays 18.40 USD
168 settlements
11.10.2026 10:00 — 18.10.2026 09:00 MSK
OP funding rate history by exchange
The chart shows daily averages expressed as an annualized equivalent. Data starts on 05.07.2026; the table shows the number of available days for each exchange.
| Exchange | Current annualized equivalent | 7-day average, annualized equivalent | 30-day average, annualized equivalent | Days |
|---|---|---|---|---|
| OKX | -0.51% | 5.3% | 5.34% | 31 |
| Bitget | 9.09% | 9.68% | 10.5% | 31 |
| KuCoin | 10.95% | 6.89% | 6.97% | 31 |
| BingX | 9.09% | 10.78% | 10.88% | 31 |
| Hyperliquid perp-DEX | 10.95% | 10.13% | 9.54% | 31 |
| MEXC | -19.16% | -0.91% | 4.35% | 31 |
| Gate.io | -11.39% | -0.66% | -1.76% | 31 |
| Binance | -19.27% | -0.94% | 1.19% | 11 |
| Bybit | -3.28% | 2.7% | 4.43% | 11 |
| Extended perp-DEX | — | -0.79% | 0.91% | 11 |
| Lighter perp-DEX | — | 9.64% | 9.89% | 11 |
| GRVT perp-DEX | — | 10.72% | 10.78% | 11 |
How rates and payments are calculated
The 8-hour equivalent is the rate per interval × 8 ÷ interval hours. It makes different intervals comparable. One payment is position notional × the original rate. The annualized equivalent in the history is a linear conversion of the rate to one year.
OP funding questions
Who receives funding when the OP rate is positive?
At a positive rate, long holders pay short holders. At a negative rate, the direction reverses. The payment depends on the position notional and the rate of the specific contract.
Should I multiply the payment by leverage again?
No, if the calculator already contains the full position notional. Leverage is used once: position notional equals collateral multiplied by leverage.