📊 Perpetual Futures Intelligence

Funding Rate Tracker

Compare perpetual futures funding rates across 5 exchanges and 20 coins. Positive rates mean longs pay shorts (bullish sentiment). Negative rates mean shorts pay longs.

Market Sentiment

Bullish

17/20 coins positive

Avg Funding Rate

+0.6990%

8h weighted average

Total Open Interest

$28.7B

across 5 exchanges

Highest Rate

ARB +1.8600%

most bullish

Lowest Rate

BNB -0.5500%

most bearish

FILTER:

EXCHANGE:

Asset	Binance	Bybit	OKX	dYdX	Hyperliquid	AVG ↓
◈ ARB $1.38	+1.8600% 20.4% APR	+1.9200% 21.0% APR	+2.0600% 22.5% APR	+1.4700% 16.1% APR	+1.9900% 21.8% APR	+1.8600%
⊕ OP $2.65	+1.8100% 19.8% APR	+1.9100% 20.9% APR	+1.9700% 21.6% APR	+2.0200% 22.1% APR	+1.5900% 17.4% APR	+1.8600%
◈ SUI $3.2	+1.8200% 19.9% APR	+1.7400% 19.1% APR	+1.4000% 15.3% APR	+2.0300% 22.2% APR	+1.4600% 15.9% APR	+1.6900%
₿ BTC $86,420	+1.2100% 13.2% APR	+1.5300% 16.7% APR	+1.8200% 19.9% APR	+1.5300% 16.7% APR	+1.8000% 19.7% APR	+1.5800%
⬟ MATIC $0.580000	+1.5000% 16.4% APR	+1.1200% 12.2% APR	+1.2700% 13.9% APR	+1.0900% 12.0% APR	+1.4100% 15.4% APR	+1.2800%
Ξ ETH $3,180	+0.9900% 10.9% APR	+1.0700% 11.7% APR	+1.0800% 11.9% APR	+1.0500% 11.5% APR	+0.8600% 9.5% APR	+1.0100%
◈ INJ $22.5	+1.0200% 11.2% APR	+0.9000% 9.8% APR	+0.7100% 7.8% APR	+1.1100% 12.2% APR	+1.1900% 13.0% APR	+0.9900%
🐸 PEPE $0.000009	+0.8800% 9.6% APR	+0.9000% 9.8% APR	+1.1300% 12.4% APR	+0.6900% 7.5% APR	+1.1200% 12.2% APR	+0.9400%
● DOT $7.8	+0.5800% 6.3% APR	+1.2100% 13.2% APR	+0.5800% 6.4% APR	+0.8300% 9.1% APR	+1.0400% 11.4% APR	+0.8500%
◆ APT $9.4	+0.7400% 8.1% APR	+1.1300% 12.4% APR	+0.5500% 6.0% APR	+0.7700% 8.4% APR	+1.0800% 11.9% APR	+0.8500%
Ð DOGE $0.182000	+0.9300% 10.2% APR	+0.4000% 4.4% APR	+0.7400% 8.1% APR	+0.2100% 2.3% APR	+0.5200% 5.7% APR	+0.5600%
◎ SOL $142	+0.5200% 5.7% APR	+0.3000% 3.3% APR	+0.6600% 7.2% APR	+0.3000% 3.3% APR	+0.1800% 2.0% APR	+0.3900%
🐕 WIF $1.42	+0.7300% 8.0% APR	+0.0800% 0.9% APR	+0.1600% 1.7% APR	+0.7400% 8.1% APR	+0.2300% 2.5% APR	+0.3900%
✕ XRP $2.41	-0.0700% -0.8% APR	+0.3300% 3.6% APR	+0.4600% 5.0% APR	+0.3700% 4.1% APR	+0.1400% 1.5% APR	+0.2400%
◉ FIL $5.1	+0.0500% 0.6% APR	+0.2400% 2.6% APR	-0.3100% -3.4% APR	+0.1900% 2.0% APR	+0.3100% 3.4% APR	+0.0900%
₳ ADA $0.720000	+0.1400% 1.6% APR	+0.3400% 3.7% APR	-0.0700% -0.8% APR	+0.0200% 0.2% APR	-0.1400% -1.5% APR	+0.0600%
◉ NEAR $5.6	+0.1700% 1.9% APR	+0.0100% 0.1% APR	+0.0400% 0.5% APR	+0.0700% 0.8% APR	-0.0800% -0.9% APR	+0.0400%
⬡ LINK $18.2	-0.1700% -1.9% APR	+0.1800% 1.9% APR	-0.3200% -3.5% APR	-0.2100% -2.3% APR	+0.3500% 3.9% APR	-0.0300%
▲ AVAX $38.5	-0.3100% -3.4% APR	-0.1300% -1.4% APR	-0.1300% -1.4% APR	-0.1700% -1.9% APR	+0.1200% 1.3% APR	-0.1200%
◆ BNB $598	-0.7300% -8.0% APR	-0.6400% -7.0% APR	-0.6800% -7.4% APR	-0.3700% -4.1% APR	-0.3300% -3.6% APR	-0.5500%

Funding Rate Arbitrage Opportunities

When funding rates differ significantly across exchanges, arbitrageurs can profit by going long on the exchange with lower rates and short on the one with higher rates.

ÐDOGE

Spread: 0.7200%

Short on Binance (+0.9300%) — Long on dYdX (+0.2100%)

Est. annual return: 788.4%

⬡LINK

Spread: 0.6700%

Short on Hyperliquid (+0.3500%) — Long on OKX (-0.3200%)

Est. annual return: 733.6%

🐕WIF

Spread: 0.6600%

Short on dYdX (+0.7400%) — Long on Bybit (+0.0800%)

Est. annual return: 722.7%

●DOT

Spread: 0.6300%

Short on Bybit (+1.2100%) — Long on OKX (+0.5800%)

Est. annual return: 689.9%

◈SUI

Spread: 0.6300%

Short on dYdX (+2.0300%) — Long on OKX (+1.4000%)

Est. annual return: 689.8%

◉FIL

Spread: 0.6200%

Short on Hyperliquid (+0.3100%) — Long on OKX (-0.3100%)

Est. annual return: 678.9%

Understanding Funding Rates

What Are Funding Rates?

Funding rates are periodic payments between long and short traders on perpetual futures. They keep the perpetual contract price anchored to the spot price. Rates are typically paid every 8 hours.

Positive vs Negative

Positive funding: longs pay shorts (bullish market — more demand to go long). Negative funding: shorts pay longs (bearish market — more demand to go short). Extreme rates often precede reversals.

Trading Strategy

High positive rates suggest overleveraged longs — potential for a long squeeze. High negative rates suggest overleveraged shorts — potential for a short squeeze. Use alongside liquidation data for confluence.

Funding Arbitrage

When rates differ across exchanges, traders can go delta-neutral: long on the exchange with lower funding and short on the one with higher funding, collecting the spread as profit.

⚠️ Disclaimer: Funding rate data is simulated for educational purposes. Real data requires exchange API connections. Always verify with live exchange data before making trading decisions.