# OPEN Funding Rate on Kraken

As of 2026-10-07 10:11 UTC, the OPEN perpetual on Kraken pays -0.0087% per 1h, -0.0700% per 8 hours (-76.62% APR), so shorts pay longs. That is the 13th highest of 13 exchanges shown, against a volume-weighted average of 0.0152% per 8 hours (16.62% APR). Over the last 7 days Kraken averaged -0.0442% per 8 hours (-48.37% APR).

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Toobit](https://arbtide.com/funding-rates/open/toobit) | [OPEN/USDT:USDT](https://www.toobit.com/en-US/futures/OPEN-SWAP-USDT) | 0.0234% | 4h | 51.32% | 2026-10-07 12:00 UTC |
| [Extended](https://arbtide.com/funding-rates/open/extended) | [OPEN/USDC:USDC](https://app.extended.exchange/perp/OPEN-USD) | 0.0013% | 1h | 11.39% | 2026-10-07 11:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/open/xt) | [OPEN/USDT:USDT](https://www.xt.com/en/futures/trade/open_usdt) | 0.0050% | 4h | 10.96% | 2026-10-07 12:00 UTC |
| [Binance](https://arbtide.com/funding-rates/open/binance) | [OPEN/USDT:USDT](https://www.binance.com/en/futures/OPENUSDT) | 0.0050% | 4h | 10.95% | 2026-10-07 12:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/open/bybit) | [OPEN/USDT:USDT](https://www.bybit.com/trade/usdt/OPENUSDT) | 0.0050% | 4h | 10.95% | 2026-10-07 12:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/open/bitget) | [OPEN/USDT:USDT](https://www.bitget.com/futures/usdt/OPENUSDT) | 0.0050% | 4h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/open/gate) | [OPEN/USDT:USDT](https://www.gate.com/futures/USDT/OPEN_USDT) | 0.0100% | 8h | 10.95% | 2026-10-07 16:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/open/kucoin) | [OPEN/USDT:USDT](https://www.kucoin.com/trade/futures/OPENUSDTM) | 0.0050% | 4h | 10.95% | 2026-10-07 12:00 UTC |
| [WhiteBIT](https://arbtide.com/funding-rates/open/whitebit) | [OPEN/USDT:USDT](https://whitebit.com/trade/OPEN-PERP?type=futures) | 0.0050% | 4h | 10.95% | 2026-10-07 12:00 UTC |
| [LBank](https://arbtide.com/funding-rates/open/lbank) | [OPEN/USDT:USDT](https://www.lbank.com/futures/openusdt) | 0.0050% | 4h | 10.95% | 2026-10-07 12:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/open/weex) | [OPEN/USDT:USDT](https://www.weex.com/futures/OPEN-USDT) | 0.0050% | 4h | 10.95% | 2026-10-07 10:11 UTC |
| [Aster](https://arbtide.com/funding-rates/open/aster) | [OPEN/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/OPENUSDT) | 0.0050% | 4h | 10.95% | — |
| [Kraken](https://arbtide.com/funding-rates/open/kraken) | [OPEN/USD:USD](https://pro.kraken.com/app/trade/futures-open-usd-perp) | -0.0087% | 1h | -76.62% | — |

## Frequently asked questions

### What is the OPEN funding rate on Kraken?

-0.0087% per 1h, or -0.0700% per 8 hours (-76.62% APR), so shorts pay longs. The 7-day average is -0.0442% per 8 hours (-48.37% APR).

### How often does Kraken pay OPEN funding?

Every hour.

### Is OPEN funding on Kraken higher than on other exchanges?

Kraken is the 13th highest of 13 exchanges shown. The highest is Toobit at 0.0234% per 4h (51.32% APR) and the lowest is LBank at 0.0050% per 4h (10.95% APR).

### How do you arbitrage OPEN funding with Kraken?

Long OPEN on Kraken and short on Toobit for a gross spread of 0.1168% per 8 hours (127.93% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.