Perpetual funding rates

Most negative funding

Shorts are paying longs here. A deeply negative rate marks a crowded short side, and it is one of the conditions traders watch when they are looking for a squeeze.

Liveupdated just now

#	Coin	Rate (8h)	Est. APR	Interval	Next funding
1	HUMAHUMAUSDT	-1.8653%−2,043% APR	−2,043%	1h	37m 47s
2	PAYPPAYPUSDT	-0.5824%−638% APR	−638%	8h	6h 37m
3	TWSTTWSTUSDT	-0.4915%−538% APR	−538%	8h	6h 37m
4	CSOPSKHYNIX2LCSOPSKHYNIX2LUSDT	-0.4686%−513% APR	−513%	4h	2h 37m
5	BMTBMTUSDT	-0.4320%−473% APR	−473%	4h	2h 37m
6	HANMIHANMIUSDT	-0.4030%−441% APR	−441%	4h	2h 37m
7	RUMRUMUSDT	-0.2845%−312% APR	−312%	8h	6h 37m
8	UVXYUVXYUSDT	-0.2723%−298% APR	−298%	8h	6h 37m
9	ERAERAUSDT	-0.2590%−284% APR	−284%	4h	2h 37m
10	AMGNAMGNUSDT	-0.2578%−282% APR	−282%	8h	6h 37m
11	BNCBNCUSDT	-0.2505%−274% APR	−274%	8h	6h 37m
12	BOTBOTUSDT	-0.2356%−258% APR	−258%	8h	6h 37m
13	LSKLSKUSDT	-0.2300%−252% APR	−252%	4h	2h 37m
14	FLEXFLEXUSDT	-0.2132%−233% APR	−233%	8h	6h 37m
15	AKEAKEUSDT	-0.2071%−227% APR	−227%	4h	2h 37m
16	HYUNDAIHYUNDAIUSDT	-0.1941%−213% APR	−213%	4h	2h 37m
17	EQTEQTUSDT	-0.1870%−205% APR	−205%	8h	6h 37m
18	ZCSHZCSHUSDT	-0.1702%−186% APR	−186%	8h	6h 37m
19	1000CHEEMS1000CHEEMSUSDT	-0.1591%−174% APR	−174%	4h	2h 37m
20	KSTRKSTRUSDT	-0.1502%−164% APR	−164%	8h	6h 37m
21	EWJEWJUSDT	-0.1399%−153% APR	−153%	8h	6h 37m
22	SKDDSKDDUSDT	-0.1320%−145% APR	−145%	8h	6h 37m
23	XTZXTZUSDT	-0.1271%−139% APR	−139%	4h	2h 37m
24	SAMSUNGEMSAMSUNGEMUSDT	-0.1184%−130% APR	−130%	4h	2h 37m
25	EWTEWTUSDT	-0.1140%−125% APR	−125%	8h	6h 37m

Widest cross-venue spread

The same coin, two venues, opposite sides of the trade. Short where funding is most positive and long where it is most negative, and the price exposure cancels out while you collect the difference: the delta-neutral carry trade. This table shows where that gap is widest right now, compared on the same 8-hour basis. A coin has to be quoted on at least two of the 8 venues before it can appear here at all.

#	Coin	Short on	Long on	Spread (8h)	Est. APR	Venues
1	H100ShortBitget+0.005000%LongOKX-5.6370%	Bitget+0.005000%	OKX-5.6370%	+5.6420%6,178% APR	6,178%	2
2	TWSTShortBybit+0.2457%LongHTX-0.8815%	Bybit+0.2457%	HTX-0.8815%	+1.1272%1,234% APR	1,234%	5
3	EDGEShortKuCoin+0.0138%LongGate.io-1.0032%	KuCoin+0.0138%	Gate.io-1.0032%	+1.0170%1,114% APR	1,114%	6
4	CSOPSKHYNIX2LShortGate.io+0.0000%LongOKX-1.0000%	Gate.io+0.0000%	OKX-1.0000%	+1.0000%1,095% APR	1,095%	6
5	SKHYNIXShortHTX+0.8978%LongOKX+0.0504%	HTX+0.8978%	OKX+0.0504%	+0.8474%928% APR	928%	7
6	HANMIShortBybit+0.3467%LongBinance-0.3970%	Bybit+0.3467%	Binance-0.3970%	+0.7438%814% APR	814%	6
7	HUMAShortBybit-1.1465%LongBinance-1.8626%	Bybit-1.1465%	Binance-1.8626%	+0.7162%784% APR	784%	7
8	RPLShortGate.io+0.6731%LongBybit+0.0100%	Gate.io+0.6731%	Bybit+0.0100%	+0.6631%726% APR	726%	5
9	AKEShortHTX+0.0100%LongBybit-0.6387%	HTX+0.0100%	Bybit-0.6387%	+0.6487%710% APR	710%	8
10	SAMSUNGEMShortBybit+0.5172%LongBinance-0.1123%	Bybit+0.5172%	Binance-0.1123%	+0.6296%689% APR	689%	5
11	KSTRShortBybit+0.4220%LongBinance-0.1496%	Bybit+0.4220%	Binance-0.1496%	+0.5716%626% APR	626%	7
12	PAYPShortGate.io-0.0380%LongBinance-0.5805%	Gate.io-0.0380%	Binance-0.5805%	+0.5425%594% APR	594%	4

Est. APR annualizes the rate showing right now. It is not a forecast or an achievable return. Funding resets every 1–8 hours and these numbers move with it. Figures are gross: trading fees, slippage and margin costs are not deducted.

Extreme funding often comes with other moves. The markets overview puts funding extremes on one screen with the day's movers, volume surges and what is being liquidated, which can explain why a rate moved.

Inside the live scanner

This page publishes the extremes. The scanner behind it is the working version of the same feed: every venue, every perpetual, and the context around each rate. For the market-wide read, with funding bias sitting next to dominance, breadth and Fear & Greed, there is also the command center.

Any one of the 8 venues

The leaderboards here rank Binance USDⓈ-M. Switch the venue in the scanner and the whole board re-ranks on that exchange's own perpetuals: Binance, Bybit, OKX, Bitget, Gate.io, KuCoin, HTX, BingX.

Native, per 8h or APR

Three bases, one click apart. Native shows each venue's own per-interval quote, which is what you actually pay but is not comparable across venues. Per 8h and APR put every venue on the same footing.

Which side is crowded

A positioning strip tallies every perpetual on the venue into longs-paying and shorts-paying, names the most crowded of each, and sits beside the median funding APR across all venues over the last 24 hours.

Every perp, not only the extremes

The full table lists the whole venue: search by symbol or coin name, sort by rate, by how far from zero it sits, or alphabetically, 50 rows at a time.

Open a row for the carry

Any row expands into what the side that is not paying earns (per settlement, per day and annualized), plus the venue's settlement interval, the coin's 24h price change, and one click through to the cross-exchange price comparison, the Binance chart, or an alert on that symbol.

Countdown to settlement

Each row shows the time until that venue next settles. Funding is only paid or earned by positions held across a settlement.

None of that needs an account. Signing in adds the 7-day funding history chart and the per-row 7-day sparkline, and lets you narrow the whole board to one watchlist.

Funding rate alerts

CoinBeacon watches all 8 venues and sends you an email, push notification, Telegram, Discord, Slack or webhook when a rate crosses your level, flips sign, moves 2× to 5× inside a window you set, or a cross-venue spread opens past the APR you name. The alert modes are broken down here.

How to read this board

01

Positive: longs pay shorts

The perpetual is trading above spot and the long side is crowded. Holding a long costs you the rate every settlement; holding a short pays you.

02

Negative: shorts pay longs

The perpetual is below spot and the short side is crowded. The payment runs the other way.

03

Settlement intervals

0.01% every 8 hours is about 10.95% a year. The same 0.01% every hour is about 87.6%. CoinBeacon normalizes every venue to a common 8-hour basis first, using each exchange's own reported settlement interval rather than an assumed 8 hours.

Funding rates FAQ

What is a crypto funding rate?

A funding rate is a recurring payment between traders holding perpetual futures. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. It exists to tether the perpetual's price to spot. A persistently positive rate means the market is crowded long and paying for the privilege.

Why normalize rates to an 8-hour basis?

Exchanges settle funding on different schedules: every 8 hours, every 4, sometimes every hour. Comparing the raw numbers is misleading: 0.01% every 8 hours is about 10.95% a year, but the same 0.01% every hour is about 87.6%. This board converts every venue to a common 8-hour basis using each exchange's own reported interval before ranking.

Which exchanges are covered?

Funding is tracked on 8 futures venues: Binance, Bybit, OKX, Bitget, Gate.io, KuCoin, HTX, BingX. The two leaderboards on this page rank Binance USDⓈ-M perpetuals; the cross-venue spread table compares all 8. In the live scanner you can point the board at any single one of the 8 and re-rank on that venue's own perpetuals, still without an account.

What does a negative funding rate mean?

Shorts are paying longs to keep their positions open, which usually marks a crowded short side or a market trading below spot. Deeply negative funding often accompanies capitulation, and it is one of the conditions traders watch for a squeeze.

How can I tell which side the market is crowded on?

Two readings, both free to look at in the scanner. A positioning strip counts every perpetual on the venue you are viewing into longs-paying and shorts-paying (anything inside 0.02% per 8 hours counts as neither side crowded) and names the single most crowded long and short. Beside it sits the market funding index: the median funding APR across every venue over the last 24 hours, which answers the same question for the market as a whole rather than one book.

Is the APR figure a return I can earn?

No. The APR column annualizes the rate showing at this moment, and funding resets every 1 to 8 hours. A four-digit APR is a sign of a temporary imbalance, not an achievable yield. The figures are also gross: trading fees, slippage and margin costs are not deducted.

How is funding-rate arbitrage supposed to work?

The classic delta-neutral trade is to short the perpetual on the venue paying the most positive funding while going long on the venue with the most negative, so the price exposure cancels and you collect the spread. The spread table shows where that gap is widest right now. A coin needs at least two venues quoting it before a spread exists at all, and in the scanner a row expands into every venue's rate side by side with the long and short legs marked. Anything past 500% APR is flagged volatile rather than treated as an opportunity. Execution risk, fees and margin requirements decide whether it is actually profitable.

How often does this board update?

Funding data is ingested from every venue once a minute, and this page serves a snapshot that is at most about a minute old. The timestamp above the tables shows the age of the data itself, not when the page was rendered. The in-app scanner re-reads the same feed every 30 seconds.

Funding rates by coin

Every coin below has its own live page: the rate on each venue that trades it, the cross-venue spread, and up to 30 days of history.

1. 01Multi-exchange: Follow a coin across 44 exchanges→
2. 02New listings: Coins trading for the first time on 8 exchanges→
3. 03Market scanner: Scan every coin for momentum, RSI, MACD & more→
4. 04Smart Setups: The best tradeable setups right now, scored 0–100→
5. 05Crypto screener: Filter coins by 115 metrics: caps, volume, RSI, funding→
6. 06RSI screener: The lowest and highest RSI right now, on 1h, 4h and 1d→