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AfterFees

Borrow rates · OPN

Borrow OPN: rates on every exchange

Annualised margin borrow rates for OPN at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-10-30 04:06 UTC

OPN borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bitget1.01%1.04%1.09%1.04%$59.9K$13.3KBorrowable
Bybit48.47%48.47%48.47%48.47%$4.4Knot publishedBorrowable
Binance54.09%54.09%54.09%54.09%$2.2Knot publishedBorrowable

Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees.

Reverse carry on OPN: borrow and sell spot, long the perp

No reverse OPN carry nets a profit at this size right now.

At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.

OPN perps, most negative funding first

ExchangeContractRateEveryAnnualised
GateOPN_USDT-0.1012%4 h−221.6%
KrakenPF_OPNUSD-0.0134%1 h−117.1%
BybitOPNUSDT-0.0244%4 h−53.4%
AsterOPNUSDT-0.0016%4 h−3.6%
BloFinOPN-USDT0.0024%4 h+5.2%
BinanceOPNUSDT0.0034%4 h+7.5%
MEXCOPN_USDT0.0045%4 h+9.9%
OKXOPN-USDT-SWAP0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinOPN

Questions

Where is it cheapest to borrow OPN?

Bitget, at 1.04% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend OPN.

Can I earn negative funding on OPN by borrowing it?

Not right now: no reverse OPN carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.