OKX Funding Rate
Funding rates for all OKX USDT perpetual futures are updated every 15 seconds. Tap a coin in the table to see its 3-month funding rate history in the chart above.
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What is the Funding Rate?
The funding rate is the payment exchanged between long and short positions to keep perpetual futures prices close to the spot (index) price. If the funding rate is positive, longs pay shorts; if negative, shorts pay longs. This is not an exchange fee, but a payment between traders.
OKX Settlement Cycle
OKX USDT perpetual futures are settled every 8 hours by default (KST 01:00, 09:00, 17:00). For coins with high funding rate volatility, OKX may shorten the settlement interval to 4, 2, or even 1 hour. This table calculates and displays the interval for each coin based on the difference between the current and next settlement times provided by OKX.
Estimated funding rate and previous settlement
Estimated funding rate is the value OKX is currently calculating for the next settlement and may change until settlement. Previous settlement is the most recently finalized funding rate. Annualized assumes the estimated funding rate remains unchanged for a year and is calculated as funding rate × (24 ÷ settlement interval) × 365. Limit is the upper/lower bound for a single funding rate set by OKX for each pair.
How to use
- If the funding rate spikes high into positive territory, longs are overheated. Holding a long position for a long time increases your funding cost.
- If the funding rate drops deep into negative territory, it means shorts are crowded, so when the price rises, forced short liquidations can occur in succession.
- For assets with 4-hour or 1-hour funding intervals, you pay funding more frequently per day. When comparing assets, check the annualized rate.
OKX Funding Rate FAQ
When is the OKX funding rate settled?
Most assets are settled every 8 hours at 01:00, 09:00, and 17:00 KST. Some assets have shorter settlement cycles, so check the 'Cycle' and 'Next Settlement' columns in the table.
When is the funding rate charged?
If you hold a position at the settlement time, you pay or receive the funding rate multiplied by your position value at that moment. If you close your position before settlement, you neither pay nor receive funding.
Is there a limit on the funding rate?
Yes. OKX sets a maximum and minimum funding rate per asset. The 'Limit' column in the table shows these values.
Is the funding rate also eligible for payback?
No. Funding rates are payments between traders and are not eligible for fee payback. Payback only applies to trading fees paid when orders are executed.
Last updated · Data: OKX Public API