OP funding rates
OP perpetual funding is currently quoted across 10 venues, ranging from -36.8% to +16.3% APR. The most reliable delta-neutral pairing for OP right now is long Variational / short SoDEX at +43.3% net APR (low risk, ~0.6d to break even).
as of 2026-09-12 14:38 UTC
Best delta-neutral pairing
Long Variational / Short SoDEX
+43.3% net APR
- Backtested (30d)
- +13.4%
- Stability
- 87.2%
- Risk
- low
- Breakeven
- ~0.6d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeOP funding by exchange
| Exchange | Funding APR |
|---|---|
| Kraken | +16.29% |
| Hyperliquid | +10.95% |
| Grvt | +10.95% |
| TxFlow | +10.95% |
| Aster | +10.95% |
| SoDEX | +10.95% |
| Lighter | +10.51% |
| Extended | +7.01% |
| dYdX | +0.00% |
| Variational | -36.80% |
Frequently asked
What is the OP funding rate right now?
OP perpetual funding ranges from -36.80% to 16.29% APR across 10 exchanges we track; the widest delta-neutral spread is long Variational / short SoDEX at 43.3% net APR.
Which exchange has the highest OP funding rate?
Kraken currently has the highest at 16.29% APR. See the full ranking above.