- 24H Open Interest--------------------------------
- 24h Liquidation--------------------------------
- 24h long/short Ratio--.--% / --.--%
- Fear & Greed Index---
- Bitcoin Price----- ------------
- Ethereum Price----- ------------
- Solana Price----- ------------
- XRP Price----- ------------
- 24H Open Interest--------------------------------
- 24h Liquidation--------------------------------
- 24h long/short Ratio--.--% / --.--%
- Fear & Greed Index---
- Bitcoin Price----- ------------
- Ethereum Price----- ------------
- Solana Price----- ------------
- XRP Price----- ------------
crypto FUNDING RATES FOR PERPETUAL CONTRACTs
Track real-time funding rates for perpetual contracts across leading centralized and decentralized exchanges to identify market sentiment and trading opportunities.
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USDT or USD Margined
Token Margined
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Funding Rate History Chart
Historical chart of BTC, ETH, SOL & XRP funding rates across major perpetual exchanges.
What Are Crypto Funding Rates?
Crypto funding rates are periodic payments traders exchange in perpetual futures markets to maintain alignment with spot market prices. A positive funding rate indicates that traders with long positions pay those holding short positions, reflecting bullish market expectations. Conversely, a negative rate means shorts pay longs, pointing to bearish sentiment.
Perpetual contracts don't have expiry dates, so funding rates stabilize their prices over time. Exchanges typically adjust these rates every eight hours, but adjustments may occur more frequently during market volatility. Funding rates respond directly to supply and demand dynamics, with an imbalance between long and short positions influencing payment amounts.
How Does Crypto Funding Rate Tracking Work?
Tracking funding rates involves aggregating real-time data from various exchanges to measure the cost of maintaining perpetual positions. This rate comprises two main elements: the interest rate, which represents borrowing costs, and the premium index, measuring the price difference between perpetual futures and spot markets.
The simplified calculation is:
Funding Rate = Interest Rate + Premium Index
Analyzing these data points enables traders to detect market positioning imbalances, helping forecast volatility and identifying scenarios like potential squeezes caused by overextended positions.
Why Do Funding Rates Matter in Crypto Markets?
Funding rates are valuable indicators of market sentiment and positioning. Positive rates typically reflect bullish momentum, indicating strong buying activity, while negative rates point to bearish outlooks driven by short-selling pressure.
Traders closely watch these rates to identify extreme market conditions. For example, prolonged periods of very high or low funding rates signal unsustainable leverage. Such extremes can precede sharp market reversals or liquidation cascades, as traders are forced to rapidly unwind overly leveraged positions.
Which Exchanges Have the Highest Funding Rates?
Major exchanges such as Binance, Bybit, OKX, and Deribit often feature notable funding rates due to their high liquidity and widespread leverage use. Rates fluctuate significantly depending on open interest, margin requirements, and specific calculation methodologies of each platform. Exchanges offering greater leverage typically experience more pronounced funding rate swings during volatile market periods.
How Can Traders Use Funding Rates to Improve Their Strategies?
Monitoring funding rates helps traders assess market sentiment and leverage risk. Extremely high positive rates suggest an overcrowded long market, increasing the risk of price corrections. Conversely, strongly negative rates indicate aggressive short selling, potentially setting up a short squeeze if prices rebound.
Traders combining funding rate data with other indicators like open interest and liquidation activity gain deeper market insights. Observing funding discrepancies across exchanges can also highlight arbitrage opportunities and cross-exchange imbalances, providing an edge in developing more strategic and responsive trading approaches.