OP funding rate on Kraken
Over the last 30 days, OP funding on Kraken averaged -2.0% APR and stayed positive 45.5% of the time, ranging from -150.3% to +166.4%. Right now it pays longs pay shorts at +46.8% APR, settled every 1h across 10 venues we track. The most reliable delta-neutral pairing for OP right now is long Variational / short SoDEX at +35.4% net APR (low risk, ~0.8d to break even).
OP funding history on Krakenlast 30d
- Backtested (30d)
- +12.7%
- Stability
- 87.2%
- Risk
- low
- Breakeven
- ~0.8d
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 |
|---|---|
| Kraken | +46.76% |
| Hyperliquid | +10.95% |
| Aster | +10.95% |
| Grvt | +10.95% |
| SoDEX | +10.95% |
| dYdX | +0.00% |
| TxFlow | -6.75% |
| Extended | -7.01% |
| Variational | -29.29% |
| Lighter | -67.45% |
Frequently asked
What is the current OP funding rate on Kraken?
OP on Kraken is funding at 46.76% APR (0.0053% every 1h), paid longs pay shorts, as of 2026-09-12 05:32 UTC.
How often does Kraken pay funding on OP?
Every 1 hour.
How do I earn OP funding without price risk?
Open a delta-neutral position: long Variational and short SoDEX, currently 35.4% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.