OP funding rate on Kraken
Over the last 30 days, OP funding on Kraken averaged -9.8% APR and stayed positive 35.9% of the time, ranging from -140.8% to +92.7%. Right now it pays shorts pay longs at -32.7% APR, settled every 1h across 11 venues we track. The most reliable delta-neutral pairing for OP right now is long Variational / short Extended at +32.2% net APR (medium risk, ~1.1d to break even).
OP funding history on Krakenlast 30d
- Backtested (30d)
- +9.3%
- Stability
- 86%
- Risk
- low
- Breakeven
- ~1.5d
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
Frequently asked
What is the current OP funding rate on Kraken?
OP on Kraken is funding at -32.67% APR (-0.0037% every 1h), paid shorts pay longs, as of 2026-07-29 15:01 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 Kraken and short Extended, currently 32.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.