Cross-exchange perpetual funding rates. Auto-refreshes every 30s.
The funding rate is the periodic payment perpetual futures traders exchange to keep the perp price anchored to spot. Positive funding means longs pay shorts (perp is trading rich); negative funding means shorts pay longs (perp is trading cheap).
Sustained positive funding means the crowd is leveraged long and a liquidation cascade risk is building. Sustained negative funding signals the opposite. Divergences across venues create cash-and-carry and funding arbitrage opportunities.
Each venue publishes its own funding formula, typically a blend of premium index (perp − spot) and an interest-rate component, paid every 1 or 8 hours. SkynetX ingests the venue-reported rate per (exchange, symbol, timestamp) and annualises it for cross-venue comparison.
SkynetX tracks funding on every major perpetual venue (Binance, Bybit, OKX, Bitget, Hyperliquid, dYdX, Kraken, Deribit, BingX, Gate) on a 1h/8h cadence.
Latest funding rate for each coin on each exchange. Color intensity scales with magnitude.
No funding observations in the last 24h.
Funding data arriving within 60s of ingestion start.
Shorts being paid — longs are crowded.
Longs being paid — shorts are crowded.
Cross-exchange average of the last 7 days, bucketed to 8-hour windows.
Cross-exchange average, 8h buckets.
Perpetual futures don't expire, so venues use a funding rate — a periodic cash payment between longs and shorts — to keep the perp price tethered to spot. When the perp trades richer than spot (crowd is leveraged long), funding goes positive and longs pay shorts every funding interval. When the perp trades cheap to spot (crowd is leveraged short), funding goes negative and shorts pay longs. The mechanic is simple; the signal it carries is not.
Most centralized venues (Binance, Bybit, OKX, Bitget, Gate) settle funding every 8 hours; Hyperliquid, dYdX and a few others settle every hour. Annualised, a 0.01% 8-hour rate is roughly 10.95% per year — a tailwind (or tax) large enough to materially bend any multi-week perp position. Sustained positive funding above 30% annualised is a classic late-stage-rally warning: the market is paying a premium to stay long, and any liquidation cascade clears it instantly.
The heatmap above shows every venue's latest rate side by side — when one exchange prints 50% APR while the global average is 10%, that gap is the cash-and-carry arbitrage trade in one glance. Cross-reference with the open interest dashboard (is new money coming in or are positions closing?) and the long / short ratio (who is crowded?) before trading any funding signal in isolation.