OP funding rate on Extended
Over the last 30 days, OP funding on Extended averaged +0.8% APR and stayed positive 60.2% of the time, ranging from -24.6% to +11.4%. Right now it pays shorts pay longs at -7.0% APR, settled every 1h across 10 venues we track. The most reliable delta-neutral pairing for OP right now is long Kraken / short Lighter at +72.1% net APR (medium risk, ~0.6d to break even).
OP funding history on Extendedlast 30d
- Backtested (30d)
- +6.3%
- Stability
- 72.5%
- Risk
- medium
- Breakeven
- ~0.6d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How OP funding compares across venues
| Exchange | Funding APR |
|---|---|
| Variational | +10.95% |
| SoDEX | +10.95% |
| Aster | +10.95% |
| Lighter | +10.51% |
| Grvt | +6.90% |
| Hyperliquid | +5.52% |
| dYdX | +0.00% |
| Extended | -7.01% |
| TxFlow | -21.76% |
| Kraken | -70.98% |
Frequently asked
What is the current OP funding rate on Extended?
OP on Extended is funding at -7.01% APR (-0.0008% every 1h), paid shorts pay longs, as of 2026-10-27 15:32 UTC.
How often does Extended pay funding on OP?
Every 1 hour.
How do I earn OP funding without price risk?
Open a delta-neutral position: long Kraken and short Lighter, currently 72.1% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.