Funding Rates
Perpetual futures funding rates on Binance.
| Coin | Price | 24h | 24h volume | Funding | Interval | APR | Next |
|---|
How to use funding rates
Funding is a periodic payment between longs and shorts that keeps a perpetual contract close to the spot price. When funding is positive, longs pay shorts, and when it is negative, shorts pay longs. Most contracts settle every 8 hours, some every 4 hours or hourly.
Persistently high positive funding signals crowded longs that pay every period, and extreme negative funding shows crowded shorts. Both can come before sharp reversals when positions get squeezed. The APR column shows what the current rate would cost or earn over a year if it stayed unchanged, which makes different intervals comparable.
Traders also use funding for carry trades: holding spot and shorting the perpetual to collect positive funding. Rates change every period, so the figure is a snapshot, not a guarantee.
What counts as a high funding rate?
The baseline on Binance is 0.01% per 8 hours, about 11% a year. Readings several times higher point to heavy long demand.
How often does funding update?
The table shows the most recent funding rate and a countdown to the next settlement. Binance recalculates the upcoming rate continuously from the premium index.
About funding rates
Reading it: perpetual contracts have no expiry, so exchanges use a periodic funding payment to keep their price close to spot. A persistently high positive rate means longs are crowded and paying a premium, which has often come before pullbacks or long squeezes; deeply negative rates can precede short squeezes. APR annualizes the current rate (rate x payments per day x 365). Data: Binance Futures public endpoints, refreshed every minute.