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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 0.0065% per 8 hours, against a simple average of 0.0086%. BTW has the widest gap between its OI-weighted (0.0992%) and simple-average (0.0696%) funding.

Top 50 coins by OIFunding normalised to 8hAs of 17:43 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 0.0065%
Coin OI-weighted Simple avg Volume-weighted Spread Perps OI
BTC0.0079%0.0065%0.0074%0.0014%16$27.50B
ETH0.0039%0.0032%0.0031%0.0007%16$18.17B
SOL0.0049%0.0170%0.0039%-0.0121%15$3.60B
HYPE0.0038%0.0031%0.0015%0.0006%11$1.81B
XRP0.0098%0.0096%0.0097%0.0002%14$1.80B
ZEC0.0122%0.0145%0.0128%-0.0023%11$1.61B
BNB0.0041%0.0060%0.0038%-0.0019%12$945.63M
NEAR0.0068%0.0062%0.0052%0.0007%13$897.24M
DOGE0.0100%0.0089%0.0100%0.0011%13$837.19M
SUI0.0091%0.0097%0.0089%-0.0006%13$565.13M
UNI0.0067%0.0085%0.0062%-0.0018%13$539.37M
XAUT0.0095%0.0090%0.0094%0.0005%5$467.15M
LINK-0.0004%0.0030%0.0006%-0.0034%13$423.17M
ENA0.0070%0.0139%0.0055%-0.0069%11$422.35M
XAU0.0032%0.0052%0.0037%-0.0020%3$395.46M
LTC0.0023%0.0061%0.0018%-0.0038%13$364.11M
TAO0.0100%0.0100%0.0100%0.0000%10$350.25M
PEPE-0.0043%0.0018%-0.0055%-0.0061%11$335.96M
AVAX0.0001%0.0042%-0.0002%-0.0041%13$322.93M
ADA0.0071%0.0064%0.0088%0.0006%13$317.32M
PUMP0.0165%0.0117%0.0131%0.0049%8$308.73M
WLD0.0026%0.0072%0.0014%-0.0046%11$290.20M
ONDO0.0100%0.0100%0.0100%0.0000%10$281.64M
LIT0.0100%0.0100%0.0100%-0.0000%10$259.49M
AAVE-0.0004%0.0004%-0.0002%-0.0008%13$249.16M
ASTER0.0052%0.0056%0.0041%-0.0004%10$247.51M
BTW0.0992%0.0696%0.0975%0.0296%8$238.74M
BCH0.0014%0.0045%0.0022%-0.0031%13$214.97M
SILVER0.0132%0.0132%0.0132%0.0000%1$198.30M
TRX-0.0659%-0.0480%-0.0678%-0.0179%11$195.17M
PAXG0.0072%0.0060%0.0071%0.0011%7$179.26M
ARB0.0044%0.0158%0.0049%-0.0114%11$179.10M
WLFI0.0098%0.0092%0.0097%0.0005%10$177.31M
XLM0.0049%0.0081%0.0046%-0.0032%12$173.12M
XMR0.0109%0.0104%0.0105%0.0005%10$167.90M
XPL0.0100%0.0100%0.0100%0.0000%10$156.77M
HBAR0.0101%0.0247%0.0101%-0.0146%11$152.44M
VVV0.0108%0.0160%0.0111%-0.0052%9$126.06M
QNT-0.0243%-0.0132%-0.0278%-0.0111%8$124.74M
DOT0.0017%0.0059%0.0026%-0.0042%12$121.95M
GRAM0.0100%0.0100%0.0100%0.0000%10$121.59M
TRUMP-0.0277%-0.0127%-0.0268%-0.0150%10$117.31M
ZRO0.0078%0.0067%0.0077%0.0011%9$113.35M
FARTCOIN0.0100%0.0100%0.0100%0.0000%10$106.21M
FIL0.0040%0.0072%0.0037%-0.0032%12$105.58M
PONS0.0169%0.0284%0.0146%-0.0114%10$100.07M
MON0.0100%0.0100%0.0100%0.0000%8$99.06M
AERO0.0135%0.0192%0.0119%-0.0057%9$98.91M
FET0.0105%0.0108%0.0103%-0.0003%7$94.26M
FF0.0130%0.0126%0.0112%0.0004%8$93.90M

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).