# OPEN Funding Rate on Toobit

As of 2026-10-04 15:38 UTC, the OPEN perpetual on Toobit pays 0.0213% per 4h, 0.0425% per 8 hours (46.59% APR), so longs pay shorts. That is the 2nd highest of 13 exchanges shown, against a volume-weighted average of 0.0170% per 8 hours (18.61% APR). Over the last 7 days Toobit averaged 0.0178% per 8 hours (19.50% APR). The next funding is at 2026-10-04 16:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Bitget](https://arbtide.com/funding-rates/open/bitget) | [OPEN/USDT:USDT](https://www.bitget.com/futures/usdt/OPENUSDT) | 0.0265% | 4h | 58.04% | — |
| [Toobit](https://arbtide.com/funding-rates/open/toobit) | [OPEN/USDT:USDT](https://www.toobit.com/en-US/futures/OPEN-SWAP-USDT) | 0.0213% | 4h | 46.59% | 2026-10-04 16:00 UTC |
| [Extended](https://arbtide.com/funding-rates/open/extended) | [OPEN/USDC:USDC](https://app.extended.exchange/perp/OPEN-USD) | 0.0013% | 1h | 11.39% | 2026-10-04 16:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/open/xt) | [OPEN/USDT:USDT](https://www.xt.com/en/futures/trade/open_usdt) | 0.0051% | 4h | 11.22% | 2026-10-04 16:00 UTC |
| [Binance](https://arbtide.com/funding-rates/open/binance) | [OPEN/USDT:USDT](https://www.binance.com/en/futures/OPENUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 16:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/open/bybit) | [OPEN/USDT:USDT](https://www.bybit.com/trade/usdt/OPENUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 16:00 UTC |
| [Gate](https://arbtide.com/funding-rates/open/gate) | [OPEN/USDT:USDT](https://www.gate.com/futures/USDT/OPEN_USDT) | 0.0100% | 8h | 10.95% | 2026-10-04 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% | 2026-10-04 16:00 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% | 2026-10-04 16:00 UTC |
| [LBank](https://arbtide.com/funding-rates/open/lbank) | [OPEN/USDT:USDT](https://www.lbank.com/futures/openusdt) | 0.0050% | 4h | 10.95% | 2026-10-04 16:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/open/weex) | [OPEN/USDT:USDT](https://www.weex.com/futures/OPEN-USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 15:38 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) | -0.0140% | 1h | -122.84% | — |

## Frequently asked questions

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

0.0213% per 4h, or 0.0425% per 8 hours (46.59% APR), so longs pay shorts. The 7-day average is 0.0178% per 8 hours (19.50% APR).

### How often does Toobit pay OPEN funding?

Every 4 hours. The next payment is at 2026-10-04 16:00 UTC.

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

Toobit is the 2nd highest of 13 exchanges shown. The highest is Bitget at 0.0265% per 4h (58.04% APR) and the lowest is WEEX at 0.0050% per 4h (10.95% APR).

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

Long OPEN on WEEX and short on Toobit for a gross spread of 0.0325% per 8 hours (35.64% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.