USO funding rate explained
Right now United States Oil Fund • Robinhood Token (USO) perpetual futures trade on 2 exchanges we track. The highest funding is on MEXC at -0.100% per day, the lowest on OKX at -0.106%. The average across all venues is -0.103% per day, or about -37.5% a year. Negative funding means USO shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.006% per day. A delta-neutral position that shorts USO on MEXC and goes long on OKX would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live USO arbitrage board for the price side of the trade.
Settlement intervals differ: USO funding is paid every 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: USO arbitrage · United States Oil Fund • Robinhood Token price · funding rates for all coins.