O Funding Rate & Schedule
O perpetual futures funding rate on 4 exchanges: Bybit, Binance, OKX, MEXC. Each exchange's next rate, how often it is collected, the next collection time, the 8-hour equivalent and 24h volume are below. Data as of 2026-10-18 16:48 UTC, from the exchanges' public endpoints.
- • Cheapest for longs: Bybit (8h equivalent −0.0279%).
- • Best for shorts: MEXC (8h equivalent +0.0100%).
- • Cross-exchange spread: 0.0379% per 8h.
- • Next collection: Bybit at 20:00 UTC (−0.0139%, shorts pay longs).
- • Collection intervals: every 4h.
Where O stands
- • O ranks #797 by 24h volume among 922 pairs listed on at least two exchanges.
- • Average 8h equivalent across exchanges is +0.0005% (longs pay) — #552 of 922 from the highest.
- • Cross-exchange spread is 0.0379% (8h), #149 by spread — a wider spread means more arbitrage room.
O — funding by exchange
| Exchange | Next rate | Who pays | Interval | Next collection | 8h equiv. | Annual | 24h volume | |
|---|---|---|---|---|---|---|---|---|
| Bybit | −0.0139% | ▼ shorts pay | every 4h | 20:00 UTC | −0.0279% | −30.5% | $131K | |
| Binance | +0.0050% | ▲ longs pay | every 4h | 20:00 UTC | +0.0100% | +10.9% | $1.0M | |
| OKX | +0.0050% | ▲ longs pay | every 4h | 20:00 UTC | +0.0100% | +10.9% | $322K | |
| MEXC | +0.0050% | ▲ longs pay | every 4h | 20:00 UTC | +0.0100% | +10.9% | $119K |
The rate updates during the period and is fixed at collection. The 8h equivalent compares different intervals fairly (0.01% every 4h = 0.02% per 8h). Source: the exchanges' public endpoints.
Frequently asked questions
What is the O funding rate?
A periodic payment between long and short holders of the O perpetual contract. If the rate is positive, longs pay shorts; if negative, shorts pay longs. It keeps the perpetual price close to spot.
How often is O funding collected?
It depends on the exchange: Bybit 4h, Binance 4h, OKX 4h, MEXC 4h. Use the "8h equivalent" column to compare different intervals.
Which exchange has the lowest O funding?
At the last refresh the lowest 8h equivalent for longs was Bybit (−0.0279%) and the highest for shorts MEXC (+0.0100%). Rates change during the period and are fixed at collection.
How is O funding calculated?
Payment = position size × funding rate. A 10,000 USDT O long at 0.01% pays 1 USDT at collection. Leverage doesn't change the payment; position size does. Highest 24h volume is on Binance ($1.0M).
Pairs with funding similar to O
Funding rates for other pairs
Guide: What Is the Funding Rate? How It's Calculated and When It's Paid · Funding Rate Arbitrage: Reading Cross-Exchange Funding Spreads