Crypto Funding Rate Tracker
Compare perpetual futures funding rates across Binance, Bybit, OKX, Bitget, dYdX & Hyperliquid. Spot arbitrage opportunities and gauge market sentiment in real time.
Funding Rate Tracker
Compare perpetual futures funding rates across exchanges in real-time
How Funding Rates Work
Price Diverges
When the perpetual futures price trades above spot, the funding rate turns positive. Longs pay shorts to bring prices back in line.
Payments Settle
Every 8 hours (on most exchanges), funding payments are automatically exchanged between long and short position holders.
Equilibrium Restores
The payment mechanism incentivizes traders to take the opposite side, pushing the futures price back toward spot price.
Frequently Asked Questions
What is a crypto funding rate?
A funding rate is a periodic payment between long and short traders in perpetual futures markets. It keeps the futures price close to the spot price. When the rate is positive, longs pay shorts; when negative, shorts pay longs.
How can I profit from funding rates?
The most common strategy is funding rate arbitrage: buy an asset on spot while shorting the same asset on a perp exchange with high positive funding. You collect payments every 8 hours while staying market-neutral. Annualized returns of 10-30% are possible during bullish periods.
What does a negative funding rate mean?
A negative funding rate means shorts are paying longs — more traders are betting on a price decline. This can signal oversold conditions or extreme fear in the market, and often precedes price recoveries.
How often are funding rates paid?
Most centralized exchanges (Binance, Bybit, OKX) settle funding every 8 hours. Some decentralized exchanges like dYdX settle hourly. The rate is calculated based on the premium/discount between the perpetual price and the spot index.
Why do funding rates differ across exchanges?
Each exchange has its own user base and open interest composition. An exchange with more retail longs will have higher positive funding than one with more institutional shorts. These differences create arbitrage opportunities for savvy traders.
Is funding rate arbitrage risk-free?
Not entirely. While the strategy is delta-neutral (hedged against price moves), risks include: liquidation of the short position during sharp spikes, exchange counterparty risk, withdrawal delays, and trading fees eating into profits. Always use proper position sizing.