USO Funding Rate History
USO perpetual futures funding ranges from 0.50 bps on VEST to 1.00 bps on OKX across 2 reporting venues, a spread of 0.50 bps. The most extreme rate (10.95% APY annualized) is on OKX. Currently all venues currently report positive funding (longs paying shorts).
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 USO price.
USO Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| OKX | 1.00 bps | 10.95% APY | 1.20 bps | $151.74K |
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $0 |
Last updated 2026-06-01T15:08:33.895828Z (UTC).
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Related: USO open interest, USO volume, USO perp market data.