OP$0.09417-8.08%Market Cap$216.10M
Circulating Supply2,299,624,975
Total Supply4,294,967,296
WebsiteWebsite
Explorers
OP$0.09417-8.08%Open Interest-8.61%$63.68M
Futures Volume+33.01%$118.78M
Liquidation+231.82%$632.91K
Long Liquidation+483.03%$557.25K
Short Liquidation-18.44%$75.65K
OP Long/Short All0.905
Binance Long/Short0.934
OKX Long/Short0.914
Bybit Long/Short0.865
Hyperliquid Long/Short0.616
Funding Rate
OP OI-Weighted (8h)-0.0009%
Binance OP/USDT (8h)+0.0100%
OKX OP/USDT (8h)+0.0100%
Bybit OP/USDT (8h)-0.0438%
Hyperliquid OP/USD (1h)+0.0013%
Current FundingA funding rate is a periodic payment exchanged directly between long and short traders in perpetual futures. Learn more →-0.0009%
Annualized · APR-1.00%
Next Funding—
Funding Accum · 1D—
OP Funding Rate Chart · Perpetual · Aggregated
Funding Rate · per 8hpositive · longs pay shortsnegative · shorts pay longsOP price
Loading…
View OP liquidation heatmap →Where leveraged longs and shorts get liquidated · Binance, Bybit, OKX, Hyperliquid and more
Exchanges OP Funding Rates
| Exchanges | Funding Rate | APR | 1D Accumulated | Next Funding | Interval | |
|---|---|---|---|---|---|---|
| ΣOI-Weighted | -0.0009% | — | — | — | — | |
| MMEXC | +0.0100% | +10.95% | +0.0270% | 07:43:10 | 8h | Trade |
| BBinance | +0.0100% | +10.95% | +0.0276% | 07:43:10 | 8h | Trade |
| BBybit | -0.0438% | -47.93% | +0.0300% | 07:43:10 | 8h | Trade |
| BBingX | +0.0100% | +10.95% | +0.0300% | 07:43:10 | 8h | |
| BBitget | +0.0100% | +10.95% | +0.0300% | 07:43:10 | 8h | Trade |
| OOKX | +0.0100% | +10.95% | +0.0300% | 07:43:10 | 8h | Trade |
| WWhiteBIT | +0.0100% | +10.95% | +0.0300% | 07:43:10 | 8h | |
| HHyperliquid | +0.0013% | +10.95% | +0.0299% | 00:43:10 | 1h | |
| KKuCoin | +0.0100% | +10.95% | +0.0231% | 07:43:10 | 8h | Trade |
| GGate | -0.0656% | -71.83% | +0.0046% | 07:43:10 | 8h | Trade |
| KKraken | +0.0005% | +4.38% | +0.0775% | 00:43:10 | 1h | |
| LLighter | +0.0001% | +0.88% | +0.0288% | 00:43:10 | 1h | |
| HHTX | +0.0100% | +10.95% | +0.0300% | — | — | Trade |
| AAster | +0.0100% | +10.95% | +0.0300% | 07:43:10 | 8h | |
| CCrypto.com | +0.0083% | +72.38% | +0.1579% | 00:43:10 | 1h | |
| CCoinbase | +0.0038% | +33.29% | -0.0928% | 00:43:10 | 1h |
Rates are per settlement interval (1h/4h/8h depending on exchange) and APR annualizes the current rate at that interval. The Accumulated column sums the rate at each settlement over the selected window (1Y uses exchange-reported yearly accumulation). Live rates update about every 10 seconds.
How to read the colors: funding reflects positioning and the cost of leverage, not price direction. Funding is the fee longs pay shorts (negative means shorts pay longs). Green = funding below the neutral baseline (~0.01% per 8h): holding longs is cheap and the market is not crowded long. Gray = the neutral zone around baseline. Red = elevated funding: longs are crowded and paying up, with deeper red meaning a more extreme premium. The Accumulated column is colored by its per-settlement average, so it reads on the same scale as the live rate. Green funding while price falls = no euphoria and longs are cheap to hold — often a constructive contrarian signal. Red funding while price rises = crowded leveraged longs paying high fees — a setup vulnerable to long squeezes.
The current OP USDT perpetual funding rate (8h, OI-weighted) is -0.0009%, meaning shorts are paying longs right now. Across the 16 exchanges reporting a rate, it ranges from -0.0656% on Gate to +0.0100% on OKX — a spread that shows how positioning differs venue by venue. A negative rate is the less common state — it appears when perpetuals trade below spot and short positioning dominates. Learn more about how funding rates work →
See the live funding rate matrix for every exchange →
About OP funding rates
The Optimism funding rate (OP funding rate) is the periodic payment exchanged between longs and shorts on OP perpetual futures. This page charts the OI-weighted Optimism perpetual funding rate (OP perpetual funding rate) against price, plus each exchange's current rate, accumulated funding from one day out to one year, and the countdown to its next settlement.
The headline rate weights every venue by its share of OP open interest, so large markets move the aggregate more than small ones. Venues reporting no data are excluded and figures refresh continuously.
Frequently asked questions
What is the OP funding rate right now?
On an OI-weighted basis, OP funding currently sits at -0.0009% — traders holding shorts pay longs until the next settlement (settled every 8 hours on most venues).
Which exchange has the highest OP funding rate?
OKX currently prints the highest OP rate at +0.0100%; Gate sits lowest at -0.0656%. Every venue's current and accumulated rate is listed in the table below.
How often is OP funding settled?
Settlement schedules differ by venue — from every hour to every 8 hours. The countdown to each exchange's next settlement runs in the table below.
PENGU
APT
DASH
AERO
ALGO
KAS