O funding rates and arbitrage
Updated 2026-11-11 22:46 UTC
Best O arbitrage after every cost
No O pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
O funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| BingX | O-USDT | 0.0262% | 4 h | +57.4% | +48.6% | $624.4K | 2026-11-12 00:00 |
| Binance | OUSDT | 0.0260% | 4 h | +56.9% | +31.2% | $4.7M | 2026-11-12 00:00 |
| OKX | O-USDT-SWAP | 0.0169% | 4 h | +37.0% | +39.8% | $2.1M | 2026-11-12 00:00 |
| MEXC | O_USDT | 0.0168% | 4 h | +36.8% | +39.5% | $222.8K | 2026-11-12 00:00 |
| Bitunix | OUSDT | 0.0140% | 4 h | +30.7% | +27.8% | — | 2026-11-12 00:00 |
| BloFin | O-USDT | 0.0062% | 4 h | +13.6% | +18.3% | $251.7K | 2026-11-12 00:00 |
| Bybit | OUSDT | 0.0050% | 4 h | +10.9% | +17.9% | $562.6K | 2026-11-12 00:00 |
| KuCoin | OUSDTM | 0.0050% | 4 h | +10.9% | +14.7% | $981.3K | 2026-11-12 00:00 |
| Bitget | OUSDT | 0.0050% | 4 h | +10.9% | +15.9% | $1.3M | 2026-11-12 00:00 |
| Aster | OUSDT | 0.0050% | 4 h | +10.9% | +20.8% | $29.8K | 2026-11-12 00:00 |
| Gate | O_USDT | 0.0050% | 4 h | +10.9% | +9.0% | $839.1K | 2026-11-12 00:00 |
| Variational | O-PERP | 0.0050% | 4 h | +10.9% | +12.1% | $11.1K | 2026-11-12 00:00 |
Borrow O to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 6.03% | — |
| Gate | 19.19% | $30K |
Cost to enter $10,000 of O
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Binance | OUSDT | 6.0 bp | top of book only |
| BingX | O-USDT | 8.1 bp | top of book only |
| KuCoin | OUSDTM | 11.2 bp | top of book only |
| MEXC | O_USDT | 11.3 bp | top of book only |
| Variational | O-PERP | 11.5 bp | top of book only |
| Bitget | OUSDT | 12.2 bp | top of book only |
| OKX | O-USDT-SWAP | 12.3 bp | top of book only |
| Bybit | OUSDT | 12.8 bp | top of book only |
| Gate | O_USDT | 16.9 bp | top of book only |
| BloFin | O-USDT | 18.5 bp | top of book only |
| Aster | OUSDT | 28.7 bp | top of book only |
| Gate | O_USDT (spot) | 28.8 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on O
Questions
Is O funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no O pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest O funding rate?
BingX at +57.4% a year (0.0262% every 4 h); the lowest is Variational at +10.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.