OPEN funding rates and arbitrage
Updated 2026-11-11 22:57 UTC
Best OPEN arbitrage after every cost
No OPEN 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.
OPEN funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Extended | OPEN-USD | 0.0013% | 1 h | +11.4% | +11.4% | $3.8K | 2026-11-12 00:00 |
| Bybit | OPENUSDT | 0.0050% | 4 h | +10.9% | +10.2% | $961.7K | 2026-11-12 00:00 |
| KuCoin | OPENUSDTM | 0.0050% | 4 h | +10.9% | +11.0% | $1.6M | 2026-11-12 00:00 |
| WhiteBIT | OPEN_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $859.7K | 2026-11-12 00:00 |
| Bitget | OPENUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $1.3M | 2026-11-12 00:00 |
| LBank | OPENUSDT | 0.0050% | 4 h | +10.9% | +11.9% | — | 2026-11-12 00:00 |
| WOO X | PERP_OPEN_USDT | 0.0050% | 4 h | +10.9% | +11.0% | $0 | 2026-11-12 00:00 |
| Bitunix | OPENUSDT | 0.0050% | 4 h | +10.9% | +11.0% | — | 2026-11-12 00:00 |
| Binance | OPENUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $4.6M | 2026-11-12 00:00 |
| Aster | OPENUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $173.8K | 2026-11-12 00:00 |
| Gate | OPEN_USDT | 0.0100% | 8 h | +10.9% | +7.2% | $330.9K | 2026-11-12 00:00 |
| BloFin | OPEN-USDT | 0.0021% | 4 h | +4.5% | +10.4% | $469.8K | 2026-11-12 00:00 |
| MEXC | OPENSTOCK_USDT | -0.0117% | 8 h | −12.8% | −8.5% | $123K | 2026-11-12 00:00 |
| Kraken | PF_OPENUSD | -0.0074% | 1 h | −64.8% | −43.2% | $15.4K | 2026-11-12 00:00 |
| Phoenix | OPEN | -0.0075% | 1 h | −65.8% | −9.4% | — | 2026-11-12 00:00 |
Borrow OPEN to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 32.01% | $30K |
| Binance | 59.72% | — |
Cost to enter $10,000 of OPEN
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Bybit | OPENUSDT | 9.9 bp | top of book only |
| Binance | OPENUSDT | 10.5 bp | top of book only |
| BloFin | OPEN-USDT | 11.5 bp | top of book only |
| Extended | OPEN-USD | 12.3 bp | top of book only |
| Bitget | OPENUSDT (spot) | 13.8 bp | top of book only |
| Binance | OPENUSDT (spot) | 15.5 bp | top of book only |
| Bitget | OPENUSDT | 22.4 bp | top of book only |
| Gate | OPEN_USDT | 23.9 bp | top of book only |
| Aster | OPENUSDT | 25.8 bp | top of book only |
| Gate | OPEN_USDT (spot) | 26.0 bp | top of book only |
| KuCoin | OPENUSDTM | 36.5 bp | top of book only |
| Kraken | PF_OPENUSD | 37.8 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 OPEN
Questions
Is OPEN funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no OPEN 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 OPEN funding rate?
Extended at +11.4% a year (0.0013% every 1 h); the lowest is Phoenix at −65.8%. 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.