Longs paying heavy. Market overleveraged long. Correction risk. The heatmap glows warm across many coins.
Shorts paying. Market fearful. Short squeeze potential. Cool blue heatmap = opportunity for longs.
Each row = one coin. Each column = one funding period. Warm = negative (shorts pay). Blue = positive (longs pay). Spot patterns across the market.
When most coins show high funding but BTC doesn't = alts overheated. When BTC funding is extreme but alts neutral = BTC-specific positioning.