OPG Funding Rate Today
Current OPG funding across major exchanges, including advertised APR, model-adjusted apr, and Mirage context.
OPG funding is live, but the current annualized signal does not survive reality adjustments cleanly.
Current OPG funding by exchange
Mirage is present but more contained, meaning a larger share of headline annualized funding currently survives reality.
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.
OPG Funding Rate FAQ
What is the current OPG funding rate?
The average OPG funding rate across major exchanges is -204.3% advertised APR. After model adjustments for execution reality, the model-adjusted APR is approximately -259.5%.
Which exchange has the best OPG funding rate?
Currently, Bybit offers the best model-adjusted APR for OPG perpetual futures funding. This accounts for execution costs, decay, and crowding effects that reduce headline yields.
How much of OPG funding yield actually survives?
The current Mirage for OPG is 18.8%, meaning approximately 81.2% of the headline annualized funding survives execution reality. Mirage accounts for fees, basis drag, decay, and crowding.
When is the next OPG funding payment?
Funding payments occur at fixed intervals: Bybit: 4h, Binance: 8h, OKX: 4h. The exact next payment time depends on the exchange, but perpetual futures funding typically settles every 8 hours on most venues.
What factors affect OPG perpetual futures funding?
OPG 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.