What leveraged traders pay each other to keep perpetual futures in line with spot, on Binance. Positive means longs pay shorts; negative means shorts pay longs. Updated every few minutes.
BTC funding, current period▲ +0.0100%At the standard 0.01% rate
BTC funding, annualized10.9%If the current rate held for a year
BTC, 90-day average5.8% APRPositive in 93% of periods
Rates are per funding period (8 hours for these coins). "vs 90 days" is where the latest settled rate sits among the last 90 days: the 95th percentile means it was higher only 5% of the time.
Settled BTCUSDT funding rate per 8-hour period. Largest bar: 0.0100%. Times in UTC.
Highest funding right now
17:42 UTC
Perpetual
Rate
Annualized
GPROUSDT
▲ +0.1593%
174%
AGPUUSDT
▲ +0.1083%
119%
ESPORTSUSDT
▲ +0.0970%
106%
KOMAUSDT
▲ +0.0651%
71%
KSTRUSDT
▲ +0.0585%
64%
Lowest funding right now
17:42 UTC
Perpetual
Rate
Annualized
LSKUSDT
▼ −0.4791%
-525%
BLURUSDT
▼ −0.2412%
-264%
GTCUSDT
▼ −0.0945%
-103%
CSOPSKHYNIX2LUSDT
▼ −0.0856%
-94%
JASMYUSDT
▼ −0.0711%
-78%
Out of 945 Binance USDT perpetuals. Extreme rates usually sit on small, newly listed or heavily shorted coins, and some of those pay funding every 1 or 4 hours instead of 8.
How to read it
A perpetual future never expires, so exchanges use funding to keep its price close to spot. When the perp trades above spot, longs pay shorts; when it trades below, shorts pay longs. The payment is a percentage of position size, settled every few hours.
A small positive rate is normal: on Binance the baseline is 0.01% per 8 hours, about 11% a year. What matters is how far the rate is from its own history. A rate well above its 30-day average, together with rising open interest, means leverage is crowding into longs, and a drop can turn into a wave of liquidations. Negative funding on a coin that is not falling often means shorts are crowded instead.
The annualized figure assumes the current rate holds for a year, which it never does. Use it to compare coins, not as a return you can lock in. For that, see basis trading.
A periodic payment between long and short holders of a perpetual future. It keeps the perpetual's price close to spot: when the perp trades above spot, longs pay shorts, and when it trades below, shorts pay longs.
What is a normal funding rate?
On Binance the baseline is 0.01% per 8 hours, which works out to about 11% a year. Large coins sit near it most of the time; what stands out is a rate far above or below its own recent average.
Is a high funding rate bullish or bearish?
Neither on its own. It shows that longs are crowded and paying to stay in. That can last for weeks in a strong trend, but it also means more leverage to unwind if the price turns.
How is the annualized rate calculated?
The current rate multiplied by the number of funding periods in a year: 1,095 for an 8-hour interval. It assumes the rate never changes, so use it to compare coins, not as a return.
Where does the data come from?
Current rates from the Binance futures premium index, refreshed every few minutes, and settled rates from Binance's funding history.
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