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Solana funding rate and open interest
What leveraged Solana traders pay to hold their positions, and how many positions are open, on the three largest perpetual futures exchanges. SOL 101.52. Last updated 24 October 2026, 13:11 UTC.
Right now (13:11 UTC): Open-interest-weighted funding on Binance, Bybit and OKX: +0.0026 % per 8 hours (longs pay shorts), about +2.8 % a year. Watch it live: Order book heatmap →
Solana funding rate right now
Updated 24 Oct 2026, 13:11 UTC · descriptive data, not advice
- Open-interest-weighted funding on Binance, Bybit and OKX: +0.0026 % per 8 hours (longs pay shorts), about +2.8 % a year.
- By exchange, per 8 hours: Binance +0.0024 %, Bybit +0.0000 %, OKX +0.0080 %.
- Open interest: 18,000,527 SOL ($1.83B), +2.9 % in the last 24 hours while price moved -3.1 %.
Funding and open interest by exchange
| Exchange | Funding | Interval | A year | Next payment | Open interest, SOL | Value | Share |
|---|---|---|---|---|---|---|---|
| Binance | +0.0024 % | every 8 h | +2.7 % | 2h 48m | 8,745,482 | $888M | 49 % |
| Bybit | +0.0000 % | every 8 h | +0.0 % | 2h 48m | 6,124,006 | $622M | 34 % |
| OKX | +0.0080 % | every 8 h | +8.8 % | 2h 48m | 3,131,040 | $318M | 17 % |
USDT-margined SOL perpetual futures (SOLUSDT on Binance and Bybit, SOL-USDT-SWAP on OKX). "Funding" is the rate for the current period; "A year" multiplies it out over a year, which is how much a position would pay or earn if the rate stayed the same.
Open interest, last 30 days
Highest in the period: 19,130,390 SOL (27 Sep); lowest: 16,655,314 SOL (24 Sep). Now: 18,000,527 SOL.
Funding rate, last 30 days
69 of 90 funding periods were positive. Average: +0.0027 % per 8 hours (+3.0 % a year). Highest +0.0100 %, lowest -0.0110 %.
How funding works
A perpetual future has no expiry, so nothing forces its price back to the spot price. Funding does that job. When the perpetual trades above the index, funding turns positive and longs pay shorts, which makes being long more expensive. When it trades below, shorts pay longs. Most exchanges add a small interest component, so a calm market sits around +0.01 % per 8 hours. Payments go directly between traders; the exchange does not keep them.
Open interest is measured in SOL here, so it only changes when positions are opened or closed, not when the price moves. Large drops in open interest in a short time often come with liquidations; where the next ones could sit is estimated on the liquidation heatmap, which uses the same open interest.
Open the live order book Liquidations todaySOL max pain
FAQ
What is the Solana funding rate?
Perpetual futures never expire, so exchanges use funding to keep their price close to the spot price. Every few hours (usually every 8) one side pays the other. When funding is positive, longs pay shorts; when it is negative, shorts pay longs. The rate is a percentage of the position size.
What does high funding mean?
That more traders want to be long with leverage than short, so longs pay to keep their positions. It describes how positioning is tilted right now. It does not tell you what price will do next.
What is open interest?
The number of futures contracts that are open: every long has a short on the other side, so it counts positions once. Here it is shown in SOL, so a change in price alone does not change it.
What does it mean when open interest rises?
New positions are being opened. Rising open interest with a rising price is usually read as new longs; with a falling price as new shorts. Falling open interest means positions are being closed or liquidated. These are common readings, not rules.
Which exchanges are included?
Binance, Bybit and OKX, the three largest venues for SOL perpetual futures, using their USDT-margined contracts. Coin-margined and USDC contracts and CME futures are not included, so the total is lower than an all-market number.
How often does this page update?
Every 5 minutes. Funding and open interest come straight from each exchange's public API. The 30-day charts use 4-hour steps.