OP funding rates and arbitrage
Updated 2026-10-29 15:26 UTC
Best OP arbitrage after every cost
No OP pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
OP funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Crypto.com | OPUSD-PERP | 0.0081% | 1 h | +70.9% | +40.7% | $74.9K | 2026-10-29 16:00 |
| BloFin | OP-USDT | 0.0172% | 8 h | +18.8% | +6.9% | $793K | 2026-10-29 16:00 |
| Kraken | PF_OPUSD | 0.0019% | 1 h | +17.0% | −10.1% | $608.2K | 2026-10-29 16:00 |
| KuCoin | OPUSDTM | 0.0100% | 8 h | +10.9% | +6.4% | $1.7M | 2026-10-29 16:00 |
| Backpack | OP_USDC_PERP | 0.0013% | 1 h | +10.9% | +11.0% | $60.4K | 2026-10-29 16:00 |
| ApeX | OP-USDT | 0.0013% | 1 h | +10.9% | +11.0% | $55.5K | 2026-10-29 16:00 |
| Bitget | OPUSDT | 0.0100% | 8 h | +10.9% | +8.9% | $5.2M | 2026-10-29 16:00 |
| HTX | OP-USDT | 0.0100% | 8 h | +10.9% | +2.3% | $118.2K | 2026-10-29 16:00 |
| BingX | OP-USDT | 0.0100% | 8 h | +10.9% | +9.9% | $4M | 2026-10-29 16:00 |
| Bybit | OPUSDT | 0.0100% | 8 h | +10.9% | +1.2% | $13.9M | 2026-10-29 16:00 |
| GRVT | OP_USDT_Perp | 0.0100% | 8 h | +10.9% | +8.7% | $263K | 2026-10-29 16:00 |
| Aster | OPUSDT | 0.0100% | 8 h | +10.9% | +11.0% | $128.9K | 2026-10-29 16:00 |
| Variational | OP-PERP | 0.0100% | 8 h | +10.9% | — | $262.4K | 2026-10-29 16:00 |
| TXFlow | OP-USDC | 0.0013% | 1 h | +10.9% | — | $50.2K | 2026-10-29 16:00 |
| Hyperliquid | OP | 0.0013% | 1 h | +10.9% | −3.3% | $4M | 2026-10-29 16:00 |
| OKX | OP-USDT-SWAP | 0.0058% | 8 h | +6.4% | −6.5% | $4.3M | 2026-10-29 16:00 |
| WOO X | PERP_OP_USDT | 0.0053% | 8 h | +5.8% | −5.8% | $8.5K | 2026-10-29 16:00 |
| MEXC | OP_USDT | 0.0053% | 8 h | +5.8% | −5.7% | $6.6M | 2026-10-29 16:00 |
| LBank | OPUSDT | 0.0052% | 8 h | +5.7% | — | — | 2026-10-29 16:00 |
| Binance | OPUSDT | 0.0052% | 8 h | +5.7% | −5.7% | $17.2M | 2026-10-29 16:00 |
| Bitunix | OPUSDT | 0.0050% | 8 h | +5.5% | −5.9% | — | 2026-10-29 16:00 |
| Extended | OP-USD | 0.0006% | 1 h | +5.3% | −5.6% | $19.4K | 2026-10-29 16:00 |
| dYdX | OP-USD | 0.0000% | 1 h | 0.0% | 0.0% | $34.5K | 2026-10-29 16:00 |
| Lighter | OP | -0.0015% | 1 h | −13.1% | +9.0% | $193.5K | 2026-10-29 16:00 |
| Gate | OP_USDT | -0.0154% | 8 h | −16.9% | −5.1% | $4.8M | 2026-10-29 16:00 |
| WhiteBIT | OP_PERP | -0.0232% | 8 h | −25.4% | +1.0% | $4.1M | 2026-10-29 16:00 |
Borrow OP to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.37% | — |
| Bybit | 2.58% | — |
| Binance | 4.12% | — |
| OKX | 11.34% | — |
| Gate | 12.73% | $120K |
Cost to enter $10,000 of OP
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | OP_USDT | 2.5 bp | live order book |
| BingX | OP-USDT | 6.4 bp | live order book |
| Bybit | OPUSDT | 9.7 bp | live order book |
| GRVT | OP_USDT_Perp | 9.9 bp | order-book snapshot, 47 min old |
| BloFin | OP-USDT | 10.2 bp | order-book snapshot, 38 min old |
| Gate | OP_USDT | 23.4 bp | live order book |
| dYdX | OP-USD | 137.3 bp | order-book snapshot, 54 min old |
| Lighter | OP | 2.2 bp | top of book only |
| Binance | OPUSDT | 5.4 bp | top of book only |
| OKX | OP-USDT-SWAP | 6.3 bp | top of book only |
| Hyperliquid | OP | 8.5 bp | top of book only |
| Variational | OP-PERP | 8.9 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on OP
Questions
Is OP funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no OP pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest OP funding rate?
Crypto.com at +70.9% a year (0.0081% every 1 h); the lowest is WhiteBIT at −25.4%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
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.