OP funding rates and arbitrage

OP perpetuals trade on 22 contracts across 18 venues, forming 227 cross-venue arbitrage pairs. By net APR the current best pair is long WhiteBIT against short Coinbase, netting +686.63%, though note the legs settle on different cadences (8h / 1h)。

OP perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Binance	OPUSDT	USDT	8h	-0.0117%	-12.82%	-11.24%	$33.8M	0.12370
LBank	OPUSDT	USDT	8h	-0.0117%	-12.82%	-11.23%	$19.5M	0.12372
OKX	OP-USDT-SWAP	USDT	8h	-0.0064%	-6.96%	-3.63%	$11.7M	0.12367
Bybit	OPUSDT	USDT	8h	-0.0036%	-3.98%	-2.81%	$10.7M	0.12365
BingX	OP-USDT	USDT	8h	0.0100%	+10.95%	+4.60%	$10.5M	0.12369
MEXC	OP_USDT	USDT	8h	-0.0115%	-12.59%	-11.20%	$9.7M	0.12371
Bitget	OPUSDT	USDT	8h	0.0100%	+10.95%	-0.89%	$2.5M	0.12380
KuCoin	OPUSDTM	USDT	8h	0.0100%	+10.95%	+10.95%	$2.3M	0.12380
WhiteBIT	OP_PERP	USDT	8h	-0.0319%	-34.88%	-6.23%	$1.8M	0.12353
BingX	OP-USDC	USDC	8h	0.0100%	+10.95%	+4.58%	$1.6M	0.12369
Hyperliquid	OP	USDC	1h	-0.0000%	-0.33%	+6.24%	$796K	0.12366
Gate	OP_USDT	USDT	8h	-0.0223%	-24.42%	-4.61%	$608K	0.12370
Lighter	OP	USDC	1h	0.0012%	+10.51%	+8.10%	$571K	0.12365
MEXC	OP_USDC	USDC	8h	0.0100%	+10.95%	+10.95%	$330K	0.12360
Kraken	PF_OPUSD	USD	1h	-0.0030%	-26.51%	-6.79%	$111K	0.12374
Bitget	OPPERP	USDC	8h	0.0100%	+10.95%	+10.95%	$101K	0.12370
Deribit	OP_USDC-PERPETUAL	USDC	8h	0.0000%	0.00%	+0.26%	$60K	0.12366
Aster	OPUSDT	USDT	8h	0.0100%	+10.95%	+10.95%	$50K	0.12366
HTX	OP-USDT	USDT	8h	0.0100%	+10.95%	+10.95%	$34K	0.12377
Bybit	OPPERP	USDC	8h	0.0100%	+10.95%	+10.95%	$16K	0.12359
Crypto.com	OPUSD-PERP	USD	4h	0.0011%	+2.46%	+3.92%	$3K	0.12370
Coinbase	OP-PERP	USDC	1h	0.0744%	+651.74%	+651.74%	$0	0.13000

OP cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
WhiteBIT USDT	Coinbase USDC	+686.63%	1.8812%	+657.97%	8h / 1h	$0
Kraken USD	Coinbase USDC	+678.25%	1.8582%	+658.54%	1h matched	$0
Gate USDT	Coinbase USDC	+676.16%	1.8525%	+656.36%	8h / 1h	$0
Binance USDT	Coinbase USDC	+664.57%	1.8207%	+662.98%	8h / 1h	$0
LBank USDT	Coinbase USDC	+664.57%	1.8207%	+662.98%	8h / 1h	$0
MEXC USDT	Coinbase USDC	+664.34%	1.8201%	+662.94%	8h / 1h	$0
OKX USDT	Coinbase USDC	+658.71%	1.8047%	+655.37%	8h / 1h	$0
Bybit USDT	Coinbase USDC	+655.73%	1.7965%	+654.55%	8h / 1h	$0
Hyperliquid USDC	Coinbase USDC	+652.07%	1.7865%	+645.50%	1h matched	$0
Deribit USDC	Coinbase USDC	+651.74%	1.7856%	+651.48%	8h / 1h	$0
Crypto.com USD	Coinbase USDC	+649.28%	1.7789%	+647.82%	4h / 1h	$0
Lighter USDC	Coinbase USDC	+641.23%	1.7568%	+643.64%	1h matched	$0

Optimism project profile

Website X (Twitter)

Key facts

Total: 4.29B
Max supply: 4.29B
Type: Token
Market cap rank: #144

Base EcosystemVirtuals Protocol EcosystemRobotics

Contract addresses

base0x5b8a884496792f754db6f92f6eacceb376ed8e40

Block explorers

basescan.org intel.arkm.com intel.arkm.com

About

One Path is a decentralized coordination layer where autonomous robots discover tasks, verify work, and earn trust on-chain

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

POL+378.5%SHIB+14.7%STRK+631.6%WLFI+483.9%APT+208.0%HYPE+56.1%ICP+859.8%KAITO+44.8%ORDI+27.2%TAO+694.7%TRX+24.3%ZEC+152.7%

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