Programmatic Funding Snapshot

OPG Funding Rate Today

Current OPG funding across major exchanges, including advertised APR, model-adjusted apr, and Mirage context.

OPG funding is currently positive across tracked venues, but model-adjusted APR remains materially below the headline annualized signal.

Highest advertised APR
OKX
Annualized from current funding conditions.
Best Model-Adjusted APR
OKX
Model-derived annualized estimate based on current funding conditions.
Avg Mirage
64.0%
Freshness status
Aging
Annualized from current funding conditions. Actual realized returns may be materially lower, and Mirage shows how much headline yield may fail to survive execution reality.
Current snapshot is aging. Treat these values as reference context, not a live execution signal.
Exchange Comparison

Current OPG funding by exchange

Updated Apr 23, 2026, 2:18 PM UTC
OKXsupported
Funding rate
0.2584%
Interval
4h
Advertised APR
56583.1%
Model-Adjusted APR
13268.7%
Mirage
76.5%
Bybitsupported
Funding rate
0.1029%
Interval
4h
Advertised APR
22539.9%
Model-Adjusted APR
11270.0%
Mirage
50.0%
Binancesupported
Funding rate
0.0121%
Interval
8h
Advertised APR
1328.0%
Model-Adjusted APR
457.5%
Mirage
65.5%
Quick Interpretation

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 OKX funding index
What funding rate means

Funding 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 risk
Validation status

Validation status for this public metric.

Supported means stronger observed coverage. Calibration and exploratory indicate weaker empirical depth.

Snapshot updated Apr 23, 2026, 2:18 PM UTC. Model-Adjusted APR is a model-derived annualized public estimate and should be read as scenario guidance, not execution certainty.
Frequently Asked Questions

OPG Funding Rate FAQ

What is the current OPG funding rate?

The average OPG funding rate across major exchanges is 26817.0% advertised APR. After model adjustments for execution reality, the survivable APR is approximately 8332.1%.

Which exchange has the best OPG funding rate?

Currently, OKX 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 64.0%, meaning approximately 36.0% 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: OKX: 4h, 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 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.

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