OPEN Funding Rate Today
Current OPEN funding across major exchanges, including advertised APR, model-adjusted apr, and Mirage context.
OPEN funding is currently positive across tracked venues, but model-adjusted APR remains materially below the headline annualized signal.
Current OPEN funding by exchange
Mirage is material, so model-adjusted APR remains notably below the advertised annualized funding signal.
Advertised APR is annualized from current funding. Model-Adjusted APR is a public estimate after Mirage and execution-aware adjustments.
See Bybit funding indexFunding rate is the periodic transfer between longs and shorts in perpetual futures. A positive annualized rate can still degrade materially once fees, decay, and crowding are applied.
Read methodologyReview funding rate riskValidation status for this public metric.
Supported means stronger observed coverage. Calibration and exploratory indicate weaker empirical depth.
OPEN Funding Rate FAQ
What is the current OPEN funding rate?
The average OPEN funding rate across major exchanges is 3350.9% advertised APR. After model adjustments for execution reality, the model-adjusted APR is approximately 1675.5%.
Which exchange has the best OPEN funding rate?
Currently, Bybit offers the best model-adjusted APR for OPEN perpetual futures funding. This accounts for execution costs, decay, and crowding effects that reduce headline yields.
How much of OPEN funding yield actually survives?
The current Mirage for OPEN is 50.0%, meaning approximately 50.0% of the headline annualized funding survives execution reality. Mirage accounts for fees, basis drag, decay, and crowding.
When is the next OPEN funding payment?
Funding payments occur at fixed intervals: Bybit: 4h, Binance: 8h. The exact next payment time depends on the exchange, but perpetual futures funding typically settles every 8 hours on most venues.
What factors affect OPEN perpetual futures funding?
OPEN funding rates are driven by the balance between long and short positions, spot-perpetual basis, market sentiment, and leverage demand. High positive funding indicates bullish crowding; negative funding suggests bearish pressure.