PerpTiers

OP perpetual futures on 8 exchanges

Funding rate, maximum leverage and margin tiers for OP on Binance, OKX, Bybit, Gate, Bitget, Hyperliquid, MEXC, KuCoin, side by side. Data as of 11 Oct 2026, 09:06 UTC.

The highest leverage on OP is 300x, on MEXC; Hyperliquid allows up to 5x.

Funding, converted to an 8-hour rate, ranges from -0.0113% on Bybit to +0.0100% on OKX, so longs pay on some exchanges and shorts on others.

At 20x, the largest position you can open ranges from about 56,812 USDT on OKX to 142,550,000,000,000 USDT on MEXC.

Funding and leverage

ExchangeMark priceFunding / 8hAnnualisedSettles everyMax leverageTier 1 maint. rateCalculators
Binance 0.142062 USDT +0.0021% +2.3% 8 h 75x 0.6% Liquidation Size
OKX 0.142030 USDT +0.0100% +11.0% 8 h 50x 1% Liquidation Size
Bybit 0.141910 USDT -0.0113% -12.4% 8 h 75x 1% Liquidation Size
Gate 0.141920 USDT +0.0028% +3.1% 8.0 h 50x 1% Liquidation Size
Bitget 0.142000 USDT +0.0100% +11.0% 8 h 75x 0.66% Liquidation Size
Hyperliquid 0.142500 USDC +0.0100% +11.0% 1 h 5x 10% Liquidation Size
MEXC 0.142550 USDT +0.0023% +2.5% 8 h 300x 0.23% Liquidation Size
KuCoin 0.142400 USDT -0.0070% -7.7% 8.0 h 75x 0.7% Liquidation Size

Positive funding means longs pay shorts. Rates are converted to an 8-hour period because exchanges settle every 1 or 8 hours for OP. Live rates: funding rate table.

Largest position at each leverage

ExchangeAt 10xAt 20xAt 50xAt 100xMargin tiers
Binance 3.0M USDT600K USDT50.0K USDT— 10
OKX 625K USDT56.8K USDT14.2K USDT— 93
Bybit 3.0M USDT550K USDT50.0K USDT— 31
Gate 1.0M USDT400K USDT20.0K USDT— 21
Bitget 3.0M USDT900K USDT200K USDT— 10
Hyperliquid ———— 1
MEXC 142,550B USDT142,550B USDT142,550B USDT142,550B USDT 1
KuCoin 2.0M USDT1.0M USDT75.0K USDT— 8

Position value in the margin currency. "—" means the exchange doesn't allow that leverage for OP, or doesn't publish the limit (BingX lists only its first tier).

Compare where a OP position gets liquidated on every exchange · compare trading fees

Reading these numbers

Maximum leverage only applies to small positions. Every exchange splits a contract into margin tiers: as the position grows, the allowed leverage falls and the maintenance margin rate rises, so the liquidation price moves closer to entry. The second table shows where each exchange draws those lines for OP. If you plan a large position, check it there before choosing the exchange.

Funding is paid between longs and shorts, not to the exchange. Over a position held for days it often costs more than trading fees, and the rate can differ a lot between exchanges for the same coin.

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