OPEN funding rates and arbitrage
Updated 2026-10-29 14:11 UTC
Best OPEN arbitrage after every cost
No OPEN 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.
OPEN funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Phoenix | OPEN | 0.0046% | 1 h | +40.7% | −25.4% | — | 2026-10-29 15:00 |
| Extended | OPEN-USD | 0.0013% | 1 h | +11.4% | +11.4% | $4.5K | 2026-10-29 15:00 |
| KuCoin | OPENUSDTM | 0.0050% | 4 h | +10.9% | +11.1% | $1.6M | 2026-10-29 16:00 |
| Bitunix | OPENUSDT | 0.0050% | 4 h | +10.9% | +11.1% | — | 2026-10-29 16:00 |
| WhiteBIT | OPEN_PERP | 0.0050% | 4 h | +10.9% | +11.1% | $895.5K | 2026-10-29 16:00 |
| Bitget | OPENUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $1.3M | 2026-10-29 16:00 |
| WOO X | PERP_OPEN_USDT | 0.0050% | 4 h | +10.9% | +11.1% | $0 | 2026-10-29 16:00 |
| LBank | OPENUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 16:00 |
| Bybit | OPENUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $929.8K | 2026-10-29 16:00 |
| Aster | OPENUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $175.1K | 2026-10-29 16:00 |
| Binance | OPENUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $4.8M | 2026-10-29 16:00 |
| Gate | OPEN_USDT | 0.0100% | 8 h | +10.9% | +8.7% | $307.5K | 2026-10-29 16:00 |
| BloFin | OPEN-USDT | 0.0029% | 4 h | +6.3% | +11.2% | $451.9K | 2026-10-29 16:00 |
| Kraken | PF_OPENUSD | -0.0004% | 1 h | −3.2% | −10.3% | $17K | 2026-10-29 15:00 |
| MEXC | OPENSTOCK_USDT | -0.0131% | 8 h | −14.3% | −5.4% | $175.9K | 2026-10-29 16:00 |
| BingX | NCSKOPEN2USD-USDT | -0.0131% | 8 h | −14.3% | −6.4% | $283.7K | 2026-10-29 16:00 |
Borrow OPEN to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 9.46% | $20K |
| Binance | 46.38% | — |
Cost to enter $10,000 of OPEN
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Extended | OPEN-USD | 8.5 bp | top of book only |
| Binance | OPENUSDT | 10.5 bp | top of book only |
| BloFin | OPEN-USDT | 11.5 bp | top of book only |
| Bitget | OPENUSDT (spot) | 13.8 bp | top of book only |
| Bitget | OPENUSDT | 16.9 bp | top of book only |
| Gate | OPEN_USDT | 18.4 bp | top of book only |
| Bybit | OPENUSDT | 19.1 bp | top of book only |
| Binance | OPENUSDT (spot) | 20.9 bp | top of book only |
| Gate | OPEN_USDT (spot) | 23.3 bp | top of book only |
| Aster | OPENUSDT | 25.8 bp | top of book only |
| BingX | NCSKOPEN2USD-USDT | 30.8 bp | top of book only |
| KuCoin | OPENUSDTM | 32.1 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 OPEN
Questions
Is OPEN funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no OPEN 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 OPEN funding rate?
Phoenix at +40.7% a year (0.0046% every 1 h); the lowest is BingX at −14.3%. 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.