Optimism (OP) Funding Rate History
Optimism (OP) perpetual futures funding ranges from -10.30 bps on PARADEX to 4.10 bps on REYA across 21 reporting venues, a spread of 14.40 bps. The most extreme rate (-112.78% APY annualized) is on PARADEX. Currently funding signs are mixed: 4 positive, 17 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on OP price.
OP Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| PARADEX | -10.30 bps | -112.78% APY | -4.30 bps | $1.09K |
| EXTENDED | -7.60 bps | -83.22% APY | -1.90 bps | $70.61K |
| CRYPTOCOM | -7.40 bps | -81.03% APY | -5.90 bps | $960.00 |
| HYPERLIQUID | -7.30 bps | -79.93% APY | -0.50 bps | $1.03M |
| KUCOIN | -4.10 bps | -44.89% APY | -1.50 bps | $982.27K |
| REYA | 4.10 bps | 44.89% APY | 1.20 bps | $4.78K |
| PHEMEX | -3.20 bps | -35.04% APY | -0.90 bps | $5.68M |
| DRIFT | -2.70 bps | -29.57% APY | n/a | $0 |
| BINANCE | -2.60 bps | -28.47% APY | -0.80 bps | $33.63M |
| WOOFIPRO | -2.60 bps | -28.47% APY | -1.40 bps | $1.05K |
| OKX | -2.20 bps | -24.09% APY | -0.10 bps | $12.76M |
| GATEIO | -1.90 bps | -20.80% APY | -0.40 bps | $939.96K |
| BYBIT | -1.70 bps | -18.61% APY | -0.50 bps | $17.14M |
| BITGET | -1.70 bps | -18.61% APY | -0.40 bps | $3.31M |
| VARIATIONAL | -1.70 bps | -18.61% APY | -0.60 bps | $108.60K |
| GRVT | -1.20 bps | -13.14% APY | -1.10 bps | $4.07M |
| MEXC | 1.00 bps | 10.95% APY | -0.80 bps | $5.40M |
| HUOBI | 1.00 bps | 10.95% APY | 3.00 bps | $123.84K |
| ASTER | 1.00 bps | 10.95% APY | 1.00 bps | $24.10K |
| BINGX | -0.90 bps | -9.86% APY | 0.60 bps | $4.39M |
| LIGHTER | -0.20 bps | -2.19% APY | 0.60 bps | $183.68K |
Last updated 2026-06-06T23:51:30.761885Z (UTC).
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Related: OP open interest, OP volume, OP perp market data.