Free tool · 04 of 06

Funding Rate

What longs and shorts pay each other on perpetual futures, across the top 20 coins.

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BTC funding rate 
Annualizedif it stayed here all year
7-day averagelast 21 payments
Next fundingpaid every 8 hours
Reading 

Heatmap top 20 coins

Hover or tap a cell for details
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Shorts payLongs pay

BTC funding history

Longs payShorts pay

USDT perpetuals, funding paid every 8 hours. Funding shows how crowded a side is; extreme values raise the odds of a squeeze without saying when.

How to read funding rates

High positive (above 0.05%)

Longs are paying heavily. The market is overleveraged long and a correction becomes more likely. Many cells turn bright blue at once.

Negative (below -0.01%)

Shorts are paying. The market is fearful and a short squeeze becomes possible. The pale cells show where it is happening.

Reading the heatmap

Each row is one coin, each column one funding payment. Blue means longs pay shorts, pale means shorts pay longs. Look for patterns across the whole market.

Divergences

When most coins show high funding but BTC does not, alts are overheated. When BTC funding is extreme but alts are neutral, the positioning is specific to BTC.

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