Funding rates
Crypto funding rates, Binance and Bybit.
What longs and shorts pay each other to hold perpetual futures, for every coin on both venues, with where each rate sits in the coin's own last 90 days.
Delayed 15 minutes · as of 29 Oct, 19:00 UTC
The delayed board is not published yet. It appears here 15 minutes after the members' live one.
15 coins: 15 paying longs to shorts, 0 paying shorts to longs. Highest XMR +0.0262%, lowest BCH +0.0019%.
| Coin | Binance | Bybit | Rate pctl | OI pctl |
|---|---|---|---|---|
| XMR | +0.0262 | +0.0300 | ||
| BNB | +0.0138 | +0.0100 | ||
| SOL | +0.0100 | +0.0100 | ||
| DOGE | +0.0100 | +0.0100 | ||
| LINK | +0.0100 | +0.0015 | ||
| ADA | +0.0100 | +0.0033 | ||
| NEAR | +0.0100 | +0.0100 | ||
| XLM | +0.0100 | +0.0058 | ||
| ETH | +0.0099 | +0.0067 | ||
| XRP | +0.0098 | +0.0034 | ||
| ZEC | +0.0092 | +0.0100 | ||
| BTC | +0.0090 | +0.0100 | ||
| TRX | +0.0081 | +0.0008 | ||
| HYPE | +0.0050 | +0.0100 | ||
| BCH | +0.0019 | +0.0100 |
Percent per 8 hours, most positive first. A percentile is blank until a coin has a week of history; highlighted rows are in the top or bottom tenth of their own range.
Reading funding
A perpetual future has no expiry, so the exchange keeps its price near spot with a payment between the two sides every eight hours. A positive rate means longs pay shorts: the crowd is leaning long and paying for it. A negative rate means shorts pay longs.
The rate alone says little; where it sits against the coin's own history says more. A rate in the top tenth of its 90 days is crowded positioning, and crowded positioning is what liquidation cascades are made of.
Not financial advice. Trading carries a real risk of loss. See also liquidations and the desk's record.