OP funding rate explained
Right now Optimism (OP) perpetual futures trade on 11 exchanges we track. The highest funding is on HTX at +0.222% per day, the lowest on Gate at +0.022%. The average across all venues is +0.047% per day, or about +17.1% a year. Positive funding means OP longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.200% per day. A delta-neutral position that shorts OP on HTX and goes long on Gate would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live OP arbitrage board for the price side of the trade.
Settlement intervals differ: OP funding is paid every 1 hour and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: OP arbitrage · Optimism price · funding rates for all coins.