| Coin | Mark price | Binance | Bybit | OKX | Avg / 8h | Annualized | Positioning |
|---|---|---|---|---|---|---|---|
| BTCBitcoin | $63,915.00 | +0.0036% | +0.0094% | -0.0007% | +0.0041% | +4.49% | Longs pay |
| ETHEthereum | $1,726.31 | +0.0015% | -0.0044% | +0.0043% | +0.0005% | +0.52% | Balanced |
| SOLSolana | $72.96 | +0.0046% | +0.0100% | +0.0026% | +0.0057% | +6.28% | Longs pay |
Rates are the latest 8-hour funding for each USDT perpetual. Annualized = current rate × 1,095 (three 8-hour intervals a day), assuming the rate holds — a snapshot of cost-to-hold, not a forecast. Positive = longs pay shorts. Data via Binance, Bybit and OKX public APIs; cached ~5 min. Not financial advice.
How to read a funding rate
A perpetual future has no expiry, so exchanges use a funding payment to keep its price anchored to spot. Every 8 hours, longs and shorts swap a small payment based on the funding rate. The rate itself is tiny — usually a few thousandths of a percent — but it compounds: paid three times a day, even 0.01% per interval is roughly 11% a year.
Positive funding means longs pay shorts. It usually signals that leveraged traders are crowded long and willing to pay to stay there. Negative funding means shorts pay longs — crowded short. Neither is a buy or sell signal on its own, but extremes matter: when positioning gets lopsided and expensive, the market is primed for a squeeze in the opposite direction.
That's why funding is a useful confirmation tool rather than a standalone strategy. A directional setup that lines up against over-crowded funding has a tailwind; one that piles into already-extreme positioning is fighting the cost of carry. For the deeper mechanics and worked examples, see our funding rates explained guide.
Funding rates — FAQ
What is a funding rate?+
A funding rate is a small periodic payment exchanged between long and short traders on a perpetual futures contract. It keeps the perp's price tethered to the underlying spot price. When the rate is positive, longs pay shorts; when it's negative, shorts pay longs. On BTC, ETH and SOL perps at Binance, Bybit and OKX it settles every 8 hours.
What does a positive vs negative funding rate mean?+
Positive funding means more traders are positioned long and are paying to keep that position open — often a sign of bullish crowding. Negative funding means shorts are paying, a sign of bearish crowding. Extreme readings in either direction can precede a squeeze, because over-crowded positioning gets expensive to hold and is vulnerable to a sharp reversal.
How is the annualized funding rate calculated?+
The per-interval rate is paid every 8 hours, so there are three payments a day and 1,095 a year. The annualized figure on this page is simply the current 8-hour rate multiplied by 1,095, expressed as a percentage. It assumes the rate stays constant, which it won't — treat it as a snapshot of current cost-to-hold, not a forecast.
Why do funding rates differ between exchanges?+
Each venue computes funding from its own order book and premium, so Binance, Bybit and OKX can show different rates for the same coin at the same moment. Persistent gaps are what funding-rate arbitrage desks trade. For a directional trader, the average across venues is a cleaner read on overall positioning than any single exchange.
How does Ezath use funding rates?+
Funding and positioning are among the inputs the Ezath signal engine weighs when scoring BTC, ETH and SOL setups — crowded funding is one of several signs that a move may be over-extended. The signals themselves are published with a verifiable track record. This funding page is a free reference tool; you don't need an account to use it.
Funding tells you where the crowd is. Ezath tells you what to do.
Positioning is one input; the Ezath engine weighs it alongside price action and trend to issue verifiable BTC, ETH and SOL signals. Try it free for 7 days.