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OI-Weighted Funding Rate

The OI-weighted funding rate weights every perp's funding by its open interest, so it is the rate the open positions actually pay, not the rate of the typical market. The market index pools the top 50 coins by perp open interest every hour. The table compares it with the simple average and the volume-weighted rate per coin. All rates are the 8-hour equivalent.

The OI-weighted funding of the top 50 coins is 0.0054% per 8 hours, against a simple average of 0.0067%. BTW has the widest gap between its OI-weighted (0.0955%) and simple-average (0.0630%) funding.

Top 50 coins by OIFunding normalised to 8hAs of 17:10 UTC

Market OI-weighted funding index

top 50 coins by OI, per 8h

Chart: TradingView Lightweight Charts™

Funding by coin: OI-weighted vs average vs volume-weighted

live, per 8h · index now 0.0054%
Coin OI-weighted Simple avg Volume-weighted Spread Perps OI
BTC0.0073%0.0061%0.0071%0.0012%16$27.15B
ETH0.0033%0.0024%0.0023%0.0009%16$18.05B
SOL0.0019%0.0159%-0.0001%-0.0140%15$3.61B
XRP0.0069%0.0076%0.0070%-0.0008%14$1.81B
HYPE0.0023%0.0018%-0.0010%0.0005%11$1.80B
ZEC0.0122%0.0160%0.0130%-0.0037%11$1.60B
BNB0.0022%0.0040%0.0019%-0.0018%12$939.55M
NEAR0.0056%0.0057%0.0047%-0.0001%13$873.70M
DOGE0.0098%0.0084%0.0097%0.0013%13$840.30M
SUI0.0059%0.0084%0.0061%-0.0025%13$543.63M
UNI0.0076%0.0088%0.0072%-0.0012%13$535.05M
XAUT0.0014%0.0049%0.0013%-0.0035%5$473.37M
LINK-0.0031%0.0015%-0.0005%-0.0046%13$422.75M
XAU0.0039%0.0077%0.0045%-0.0039%3$422.33M
ENA0.0044%0.0116%0.0016%-0.0073%11$412.52M
LTC0.0024%0.0057%0.0018%-0.0033%13$360.64M
TAO0.0100%0.0100%0.0100%0.0000%10$349.07M
PEPE-0.0072%-0.0002%-0.0086%-0.0070%11$334.24M
AVAX-0.0004%0.0041%-0.0006%-0.0045%13$320.37M
ADA0.0017%0.0012%0.0052%0.0005%13$316.56M
PUMP0.0100%0.0100%0.0100%0.0000%8$301.69M
WLD0.0043%0.0078%0.0033%-0.0035%11$281.65M
ONDO0.0083%0.0087%0.0072%-0.0004%10$277.18M
LIT0.0099%0.0100%0.0100%-0.0000%10$257.32M
AAVE-0.0082%-0.0033%-0.0061%-0.0050%13$246.92M
ASTER0.0066%0.0071%0.0060%-0.0004%10$245.26M
BTW0.0955%0.0630%0.0942%0.0324%8$239.24M
BCH0.0001%0.0035%0.0012%-0.0035%13$212.94M
SILVER0.0102%0.0102%0.0102%0.0000%1$196.00M
TRX-0.0721%-0.0541%-0.0740%-0.0180%11$194.55M
PAXG0.0078%0.0063%0.0078%0.0015%7$179.42M
ARB0.0018%0.0125%0.0021%-0.0106%11$176.40M
WLFI0.0094%0.0081%0.0093%0.0014%10$176.20M
XMR0.0100%0.0100%0.0100%0.0000%10$174.22M
XLM0.0009%0.0060%0.0002%-0.0051%12$171.67M
HBAR0.0101%0.0255%0.0101%-0.0154%11$157.23M
XPL0.0095%0.0096%0.0092%-0.0001%10$152.84M
VVV0.0103%0.0124%0.0104%-0.0020%9$123.99M
DOT-0.0023%0.0034%-0.0009%-0.0056%12$122.02M
QNT-0.0255%-0.0129%-0.0288%-0.0126%8$121.74M
GRAM0.0100%0.0100%0.0100%0.0000%10$119.87M
TRUMP-0.0490%-0.0311%-0.0486%-0.0179%10$115.78M
ZRO0.0075%0.0067%0.0055%0.0008%9$111.77M
FIL0.0034%0.0065%0.0031%-0.0032%12$103.42M
FARTCOIN0.0100%0.0102%0.0100%-0.0002%10$103.37M
PONS0.0111%0.0144%0.0110%-0.0033%10$97.26M
AERO0.0112%0.0169%0.0106%-0.0057%9$97.03M
MON0.0100%0.0100%0.0100%0.0000%8$97.02M
FF0.0100%0.0100%0.0100%0.0000%8$92.40M
INJ0.0104%0.0080%0.0068%0.0023%8$91.31M

How it's counted. Rates are native perps' funding as the 8-hour equivalent. OI-weighted = sum(rate × OI) ÷ sum(OI); simple average = mean of the rates; volume-weighted uses 24h volume. The chart is the same OI-weighting over the top 50 coins each hour (hourly up to 30 days, daily means for 1 year). JSON: /api/funding/oi-weighted.

OI-weighted funding FAQ

What is the OI-weighted funding rate?

The average funding rate across perpetual futures markets, each weighted by its open interest in USD. A market holding ten times the open interest counts ten times as much, so the figure follows the money at stake instead of the number of listings.

How is the market-wide index built?

Every hour, take the top 50 coins by total perp open interest, and for all their perp markets on the tracked exchanges compute sum(funding × OI) / sum(OI), using the hourly funding and OI this site stores. HIP-3 markets are left out. The 1-year chart shows daily means of the hourly index.

Why do OI-weighted and simple-average funding differ?

The simple average gives a thin altcoin listing the same vote as the biggest BTC market. When the large markets pay more than the small ones the OI-weighted rate is higher than the average (a positive spread), and the other way round when small markets carry the extreme rates.

Which rate should I use?

OI-weighted for what leveraged traders pay in aggregate, the simple average for how widespread an extreme is across markets, volume-weighted for where recent trading happens. Funding is always normalised to 8 hours (rate × 8 ÷ settlement interval).