OKX Funding Rate
OKX annualized funding rate
| Property | Value |
|---|---|
| Category | Market Data |
| Unit | % |
| Resolution | 1d |
| Assets | BTC |
| Tier | Pro |
| API Endpoint | GET /v1/funding/exchange |
| Field | annualized_apr |
Overview
Annualized perpetual funding rate on OKX, one of the top three cryptocurrency derivatives exchanges. OKX has significant institutional and Asian market presence, making its funding rate a distinct signal from Western-dominated venues.
How OKX Calculates Funding Rate
OKX settles funding every 8 hours (00:00, 08:00, 16:00 UTC):
Funding Rate = clamp(Average Premium Rate, −0.375%, +0.375%) + Interest Rate
- Average Premium Rate: OKX calculates the premium as the TWAP (time-weighted average price) of
(Futures Mid Price − Spot Index Price) / Spot Index Priceover the 8-hour window. - Interest Rate: Fixed at 0.01% per 8 hours.
- Clamp: Applied to the premium component before adding interest, with limits at ±0.375%.
OKX's spot index aggregates prices from multiple exchanges (Bitstamp, Coinbase, Kraken, etc.), providing a manipulation-resistant reference price.
Interpretation
- OKX funding reflects a blend of institutional and retail positioning, with significant Asian market influence
- OKX often shows lower funding rate volatility compared to Binance due to its more diversified user base
- Divergence between OKX and Binance funding can signal regional sentiment differences (Asia vs global)
- OKX supports both USDT-margined and coin-margined (inverse) perpetuals — funding rates can differ
Use Cases
- Regional sentiment analysis: comparing OKX funding (Asia-heavy) vs Binance/Bybit (more global) reveals geographic positioning differences
- Identifying arbitrage opportunities when OKX funding diverges from the aggregate
- Monitoring institutional flow signals — OKX is popular with trading firms and institutional desks
- Tracking cost of carry for leveraged positions on the third-largest derivatives venue
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/funding/exchange?exchange=okx&start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- Annualized Funding Rate (OI-Weighted) — OI-weighted average annualized funding rate across 7 exchanges
- Futures Open Interest — Total futures open interest across all exchanges in USD
- Binance Funding Rate — Binance annualized funding rate