Funding Rate Data
Average funding rate by coin with exchange detail.
Funding rate by coin
Average of current rates across exchanges; detail lists the first six.
| # | Coin | Price | Average rate | Exchanges | Exchange detail |
|---|---|---|---|---|---|
| 1 |  BTCBitcoin |
$81,003.00 | -0.0043% | 34 | LBank +0.0066% · Paradex +0.0100% · MEXC +0.0066% · Lighter +0.0096% · WhiteBIT +0.0100% · OKX +0.0094% |
| 2 |  ETHEthereum |
$2,374.49 | +0.0006% | 33 | Gate +0.0021% · HTX +0.0100% · HTX +0.0076% · dYdX -0.0011% · KuCoin +0.0001% · CoinEx -0.0702% |
| 3 |  DOGEDogecoin |
$0.0781 | +0.0083% | 32 | Gate +0.0043% · KuCoin +0.0100% · dYdX 0.0000% · Bybit +0.0023% · Bybit +0.0100% · HTX +0.0100% |
| 4 |  LTCLitecoin |
$58.35 | -0.0013% | 32 | Gate +0.0100% · CoinEx -0.2029% · Coinbase +0.0096% · Crypto.com +0.0001% · dYdX +0.0050% · Kraken +0.0001% |
| 5 |  XRP |
$1.31 | +0.0057% | 32 | Coinbase +0.0057% · Kraken +0.0008% · Gate +0.0049% · Bitunix +0.0130% · dYdX 0.0000% · Deribit +0.0064% |
| 6 |  ADACardano |
$0.2112 | -0.0028% | 31 | Backpack -0.0043% · Aster -0.0095% · Bitfinex -0.0291% · BingX -0.0105% · Bitunix +0.0192% · Bitget +0.0100% |
| 7 |  LINKChainlink |
$11.86 | +0.0011% | 31 | CoinEx 0.0000% · Crypto.com -0.0014% · dYdX 0.0000% · Bybit -0.0154% · Bybit +0.0100% · Deribit -0.0040% |
| 8 |  SOLSolana |
$103.35 | -0.0110% | 31 | OKX +0.0100% · WhiteBIT +0.0100% · MEXC +0.0100% · Lighter +0.0072% · OKX +0.0035% · LBank +0.0100% |
| 9 |  AVAXAvalanche |
$9.09 | -0.0045% | 30 | OKX -0.0097% · LBank -0.0039% · Lighter -0.0272% · WhiteBIT -0.0122% · MEXC -0.0038% · OKX 0.0000% |
| 10 |  DOTPolkadot |
$1.12 | -0.0055% | 30 | Aster +0.0100% · Binance -0.0116% · Binance -0.0007% · Bitunix -0.0139% · Bitget +0.0100% · Backpack +0.0013% |
| 11 |  SUISui |
$0.9723 | +0.0085% | 30 | OKX +0.0100% · KuCoin +0.0072% · WhiteBIT -0.0131% · Lighter -0.0352% · MEXC -0.0117% · OKX -0.0132% |
| 12 |  UNIUniswap |
$6.96 | -0.0036% | 30 | KuCoin +0.0047% · OKX +0.0100% · WhiteBIT +0.0013% · MEXC -0.0055% · OKX -0.0104% · Paradex -0.0031% |
| 13 |  AAVEAave |
$144.87 | -0.0122% | 29 | Lighter -0.0184% · MEXC -0.0001% · OKX -0.0110% · Paradex -0.0035% · LBank -0.0003% · WhiteBIT -0.0015% |
| 14 |  BCHBitcoin Cash |
$273.20 | -0.0235% | 29 | Aster -0.0026% · Binance -0.0172% · Binance -0.0054% · Bitunix -0.0050% · BitMEX +0.0100% · Bitget +0.0100% |
| 15 |  NEARNEAR Protocol |
$4.87 | +0.0044% | 29 | Binance -0.0084% · Binance +0.0048% · BitMEX +0.0100% · Bitget +0.0047% · Bitget +0.0100% · BingX +0.0054% |
| 16 |  FILFilecoin |
$0.9515 | +0.0003% | 28 | HTX +0.0100% · Bybit -0.0048% · Coinbase +0.0746% · Bybit +0.0100% · Hyperliquid +0.0013% · edgeX -0.0050% |
| 17 |  BNB |
$727.14 | -0.0317% | 27 | MEXC 0.0000% · Lighter -0.0088% · OKX -0.0101% · LBank 0.0000% · Paradex +0.0069% · WhiteBIT -0.0142% |
| 18 |  HYPEHyperliquid |
$76.86 | -0.0228% | 27 | Deribit +0.0013% · edgeX +0.0029% · Crypto.com +0.0038% · Gate +0.0046% · HTX +0.0050% · KuCoin +0.0050% |
| 19 |  XLMStellar |
$0.1751 | +0.0067% | 27 | edgeX +0.0050% · Deribit +0.0022% · Bybit +0.0100% · Hyperliquid +0.0013% · Coinbase +0.0199% · dYdX 0.0000% |
| 20 |  APTAptos |
$0.7562 | +0.0041% | 26 | WhiteBIT +0.0100% · MEXC -0.0068% · LBank -0.0070% · Paradex -0.0008% · Lighter -0.0392% · OKX -0.0223% |
| 21 |  ARBArbitrum |
$0.1807 | -0.0195% | 26 | Crypto.com +0.0037% · Deribit +0.0001% · dYdX 0.0000% · Bybit -0.0124% · CoinEx -0.4315% · edgeX -0.0050% |
| 22 |  ETCEthereum Classic |
$7.65 | +0.0061% | 26 | BingX +0.0100% · Bitunix +0.0050% · Aster +0.0100% · Bitfinex 0.0000% · Bitget +0.0100% · Bitget +0.0100% |
| 23 |  SEISei |
$0.0571 | -0.0081% | 26 | Backpack +0.0004% · Aster +0.0100% · Binance -0.0061% · BitMEX +0.0100% · Bitfinex -0.0253% · Bitget +0.0100% |
| 24 |  TRXTRON |
$0.3279 | -0.0024% | 26 | MEXC -0.0101% · Lighter +0.0096% · WhiteBIT +0.0031% · OKX -0.0149% · KuCoin -0.0007% · LBank -0.0102% |
| 25 |  WLDWorldcoin |
$0.5258 | +0.0023% | 26 | KuCoin +0.0087% · WhiteBIT +0.0100% · OKX +0.0100% · Lighter +0.0096% · MEXC +0.0066% · LBank +0.0067% |
| 26 |  ENAEthena |
$0.1966 | -0.0129% | 25 | Binance +0.0018% · Backpack -0.0008% · Bitget +0.0004% · Bitfinex 0.0000% · Aster +0.0043% · BingX +0.0050% |
| 27 |  ONDOOndo |
$0.4245 | +0.0229% | 25 | Deribit -0.0155% · Coinbase +0.0750% · Hyperliquid +0.0013% · dYdX 0.0000% · Kraken +0.0001% · Bitunix +0.0076% |
| 28 |  OPOptimism |
$0.1184 | -0.0011% | 25 | Hyperliquid -0.0025% · Deribit -0.0010% · HTX +0.0100% · Bitunix -0.0173% · Bybit -0.0008% · Bybit +0.0100% |
| 29 |  TAOBittensor |
$254.72 | +0.0275% | 25 | Binance -0.0105% · Bitget -0.0073% · Bitfinex 0.0000% · Backpack +0.0013% · Aster -0.0097% · BingX -0.0058% |
| 30 |  CRVCurve DAO |
$0.3622 | +0.0009% | 24 | Aster +0.0100% · Binance +0.0078% · Bitfinex 0.0000% · BitMEX +0.0100% · BingX -0.0272% · Backpack +0.0013% |
| 31 |  JUPJupiter |
$0.3058 | +0.0393% | 24 | Coinbase +0.1184% · Bybit +0.0050% · Gate +0.0024% · dYdX 0.0000% · Hyperliquid +0.0013% · HTX -0.0059% |
| 32 |  LDOLido DAO |
$0.3801 | -0.0069% | 24 | Deribit -0.0004% · Hyperliquid +0.0013% · edgeX +0.0050% · Coinbase -0.1282% · Crypto.com +0.0023% · dYdX 0.0000% |
| 33 |  TIACelestia |
$0.5653 | +0.0260% | 24 | Deribit +0.0001% · Coinbase +0.1249% · Crypto.com +0.0151% · Bybit +0.0043% · Kraken -0.0088% · CoinEx +0.4518% |
| 34 |  WIFdogwifhat |
$0.1963 | -0.0126% | 24 | LBank +0.0005% · Paradex -0.0002% · Lighter +0.0096% · MEXC +0.0004% · WhiteBIT +0.0050% · KuCoin +0.0050% |
| 35 |  ZECZcash |
$1,188.71 | +0.0123% | 24 | Gate +0.0100% · Bitunix +0.0100% · edgeX +0.0050% · Kraken +0.0034% · dYdX 0.0000% · Deribit +0.0215% |
| 36 |  HBARHedera |
$0.0792 | +0.0020% | 23 | Binance -0.0043% · Bitget +0.0100% · Bitfinex -0.0404% · Aster +0.0071% · BingX +0.0100% · Backpack +0.0013% |
| 37 |  ICPInternet Computer |
$2.72 | -0.0154% | 23 | Binance -0.0143% · BingX -0.0063% · Aster -0.0272% · Bitfinex -0.0180% · Bitget -0.0086% · Bitunix -0.0117% |
| 38 |  JTOJito |
$0.4539 | -0.0003% | 23 | Bitget +0.0022% · BingX +0.0050% · Bitfinex 0.0000% · Bitunix -0.0007% · Backpack +0.0013% · Binance -0.0024% |
| 39 |  PENDLEPendle |
$2.05 | +0.0138% | 23 | Bitget +0.0100% · Binance +0.0100% · BingX +0.0100% · Aster +0.0100% · Backpack -0.0006% · CoinEx +0.0854% |
| 40 |  PENGUPudgy Penguins |
$0.007693 | +0.0202% | 23 | Lighter +0.0096% · KuCoin -0.0010% · WhiteBIT +0.0050% · Paradex -0.0088% · MEXC +0.0027% · LBank +0.0027% |
| 41 |  XPLPlasma |
$0.0762 | +0.0098% | 23 | Bitfinex 0.0000% · Aster +0.0050% · Bitget +0.0050% · Binance +0.0012% · Backpack +0.0058% · BingX +0.0050% |
| 42 |  ETHFIEther.fi |
$0.6540 | +0.0167% | 22 | Kraken +0.0062% · Hyperliquid +0.0013% · edgeX +0.0050% · HTX +0.0050% · dYdX 0.0000% · CoinEx +0.2187% |
| 43 |  FARTCOINFartcoin |
$0.1406 | -0.0312% | 22 | Lighter +0.0096% · LBank +0.0050% · MEXC +0.0050% · Paradex +0.0100% · WhiteBIT +0.0050% · Bitunix +0.0050% |
| 44 |  INJInjective |
$8.03 | +0.0057% | 22 | Aster +0.0100% · Binance -0.0041% · Bitfinex -0.0279% · Bitunix -0.0052% · Bitget -0.0099% · BingX +0.0107% |
| 45 |  PAXGPAX Gold |
$4,049.01 | +0.0023% | 22 | LBank +0.0031% · Lighter -0.0112% · KuCoin +0.0050% · Paradex +0.0098% · MEXC +0.0031% · WhiteBIT -0.0038% |
| 46 |  PYTHPyth Network |
$0.0735 | +0.0285% | 22 | MEXC +0.0050% · WhiteBIT +0.0050% · Lighter +0.0096% · Paradex +0.0013% · LBank +0.0050% · KuCoin +0.0050% |
| 47 |  STRKStarknet |
$0.0542 | +0.0117% | 22 | Paradex +0.0091% · LBank +0.0005% · KuCoin +0.0012% · MEXC +0.0004% · WhiteBIT +0.0050% · Lighter +0.0096% |
| 48 |  ZROLayerZero |
$1.76 | -0.0111% | 22 | BingX +0.0050% · Binance -0.0015% · Backpack +0.0013% · Bitget +0.0050% · Aster +0.0029% · Bitfinex 0.0000% |
| 49 |  APEApeCoin |
$0.1355 | +0.0420% | 21 | LBank +0.0053% · WhiteBIT +0.0100% · MEXC +0.0052% · Hyperliquid +0.0013% · Bybit -0.0095% · edgeX +0.0050% |
| 50 |  ASTERAster |
$0.6964 | +0.0126% | 21 | LBank +0.0050% · Lighter +0.0096% · MEXC +0.0050% · WhiteBIT +0.0050% · Paradex +0.0099% · Deribit +0.0002% |
| 51 |  ATOMCosmos Hub |
$1.70 | -0.0339% | 21 | Bitunix -0.0033% · BingX +0.0100% · Bitget +0.0100% · Binance -0.0023% · Aster +0.0100% · MEXC -0.0023% |
| 52 | AVNT | — | +0.0162% | 21 | Bitunix +0.0050% · Binance +0.0050% · Backpack +0.0013% · Bitget +0.0050% · Aster +0.0050% · BingX +0.0050% |
| 53 |  AXSAxie Infinity |
$0.9978 | +0.0228% | 21 | Paradex +0.0036% · MEXC +0.0036% · LBank +0.0036% · Lighter +0.0096% · WhiteBIT +0.0050% · Coinbase +0.0012% |
| 54 | BERA | — | +0.0062% | 21 | MEXC -0.0067% · LBank -0.0068% · WhiteBIT +0.0050% · Paradex +0.0031% · Lighter +0.0096% · Bitunix 0.0000% |
| 55 |  DYDXdYdX |
$0.1138 | -0.0112% | 21 | Aster +0.0100% · Binance +0.0100% · Bitget +0.0100% · Bitunix +0.0100% · BingX +0.0100% · Lighter +0.0080% |
| 56 |  POLPOL (ex-MATIC) |
$0.0900 | -0.0007% | 21 | KuCoin +0.0050% · MEXC -0.0085% · Lighter +0.0096% · LBank -0.0085% · WhiteBIT +0.0050% · Bitfinex 0.0000% |
| 57 |  VIRTUALVirtuals Protocol |
$0.6465 | -0.0038% | 21 | Bitget +0.0050% · Binance -0.0032% · Backpack +0.0013% · Aster -0.0032% · BingX +0.0050% · Gate +0.0035% |
| 58 |  WLFIWorld Liberty Financial |
$0.0545 | +0.0134% | 21 | Deribit +0.0218% · Bitunix +0.0007% · Coinbase +0.0500% · Hyperliquid -0.0039% · edgeX +0.0050% · Kraken -0.0038% |
| 59 |  ALGOAlgorand |
$0.1066 | +0.0079% | 20 | BingX +0.0092% · Bitget +0.0034% · Aster +0.0100% · Binance -0.0032% · Bitunix +0.0014% · edgeX -0.0050% |
| 60 |  EIGENEigenCloud (prev. EigenLayer) |
$0.2186 | +0.0075% | 20 | Binance -0.0019% · Aster +0.0044% · Bitunix -0.0013% · BingX +0.0045% · Bitget +0.0025% · dYdX 0.0000% |
| 61 | KAITO | — | +0.0029% | 20 | Gate +0.0034% · Crypto.com -0.0115% · edgeX -0.0050% · Bybit +0.0050% · CoinEx +0.1737% · Kraken -0.0128% |
| 62 |  LITLighter |
$3.54 | -0.0135% | 20 | Bitget -0.0007% · Bitfinex -0.0318% · Aster -0.0053% · Backpack -0.0006% · Bitunix 0.0000% · Binance -0.0070% |
| 63 |  PUMPPump.fun |
$0.004534 | +0.0189% | 20 | Aster +0.0050% · Bitget +0.0050% · Backpack +0.0013% · Binance +0.0026% · BingX +0.0050% · Deribit -0.0004% |
| 64 |  TRUMPOfficial Trump |
$1.73 | -0.0426% | 20 | Binance -0.0028% · Bitget -0.0055% · Backpack -0.0021% · Aster +0.0050% · Paradex -0.0103% · KuCoin -0.0052% |
| 65 |  XMRMonero |
$612.10 | +0.0358% | 20 | Aster +0.0100% · BingX +0.0408% · Backpack +0.0165% · Bitget +0.0368% · BitMEX +0.0100% · Binance +0.0226% |
| 66 |  2ZDoubleZero |
$0.0296 | +0.0411% | 19 | Gate +0.0050% · edgeX 0.0000% · Bybit -0.0144% · Hyperliquid +0.0013% · Crypto.com +0.0040% · KuCoin -0.0056% |
| 67 |  COMPCompound |
$24.43 | +0.0041% | 19 | Bitfinex 0.0000% · Bitunix +0.0100% · BingX +0.0070% · Binance +0.0100% · Bitget +0.0100% · Gate +0.0100% |
| 68 |  FETArtificial Superintelligence Alliance |
$0.1838 | -0.2851% | 19 | Gate +0.0100% · Crypto.com +0.0125% · Deribit -0.0975% · Kraken +0.0040% · KuCoin +0.0100% · edgeX -3.9500% |
| 69 |  MONMonad |
$0.0208 | -0.0043% | 19 | LBank -0.0083% · WhiteBIT +0.0050% · KuCoin -0.0252% · Lighter +0.0096% · Paradex -0.0080% · Backpack +0.0013% |
| 70 |  MORPHOMorpho |
$2.26 | +0.0051% | 19 | Bitunix -0.0006% · Kraken -0.0063% · Deribit -0.0272% · Crypto.com -0.0125% · Gate +0.0050% · Hyperliquid +0.0013% |
| 71 |  SSonic |
$0.0517 | +0.0373% | 19 | Bitunix -0.0046% · Bybit +0.0050% · CoinEx +0.6789% · Hyperliquid -0.0045% · Coinbase +0.1256% · Deribit +0.0028% |
| 72 | W | — | +0.0103% | 19 | WhiteBIT +0.0050% · KuCoin -0.0042% · MEXC -0.0263% · LBank -0.0264% · Binance -0.0264% · Bitget -0.0343% |
| 73 |  AEROAerodrome Finance |
$0.7934 | +0.0083% | 18 | Paradex +0.0099% · Lighter +0.0096% · LBank +0.0050% · MEXC +0.0050% · WhiteBIT +0.0050% · Binance +0.0050% |
| 74 | BOME | — | -0.0382% | 18 | Deribit -0.0211% · CoinEx -0.5659% · Hyperliquid +0.0013% · Crypto.com +0.0001% · HTX +0.0050% · Coinbase -0.1128% |
| 75 |  CFXConflux |
$0.0518 | +0.0243% | 18 | Deribit +0.0114% · Hyperliquid +0.0013% · Coinbase +0.0622% · Bybit +0.0100% · Gate -0.0018% · KuCoin +0.0100% |
| 76 | CHIP | — | -0.0118% | 18 | Deribit -0.0190% · Gate +0.0050% · KuCoin +0.0044% · CoinEx -0.3705% · HTX +0.0050% · Bybit -0.0003% |
| 77 |  DASHDash |
$50.49 | +0.0053% | 18 | Bitunix +0.0024% · Aster +0.0100% · Bitget +0.0100% · BingX +0.0100% · Binance +0.0005% · WhiteBIT +0.0100% |
| 78 | EWY | — | +0.0028% | 18 | Kraken +0.0045% · Gate 0.0000% · Crypto.com -0.0070% · Coinbase +0.0003% · Deribit +0.0077% · KuCoin +0.0166% |
| 79 |  GRAMGram (prev. Toncoin) |
$1.32 | -0.0491% | 18 | CoinEx -0.7500% · Crypto.com -0.0115% · Bybit -0.0144% · HTX +0.0065% · KuCoin -0.0152% · Hyperliquid -0.0053% |
| 80 |  GRASSGrass |
$0.6300 | -0.2175% | 18 | BingX +0.0050% · Aster +0.0050% · Bitunix +0.0050% · Binance +0.0050% · Bitget +0.0050% · Hyperliquid +0.0013% |
| 81 | MEGA | — | -0.0011% | 18 | WhiteBIT +0.0050% · MEXC +0.0047% · LBank +0.0048% · Lighter +0.0096% · KuCoin +0.0050% · BingX +0.0050% |
| 82 | ORDI | — | +0.0059% | 18 | WhiteBIT +0.0050% · KuCoin +0.0050% · LBank -0.0059% · MEXC -0.0059% · Kraken -0.0053% · CoinEx +0.1149% |
| 83 |  PEPEPepe |
$0.000004 | +0.0016% | 18 | HTX +0.0100% · Crypto.com +0.0018% · Gate -0.0095% · Kraken +0.0003% · CoinEx +0.0092% · Hyperliquid +0.0013% |
| 84 | PNUT | — | +0.0279% | 18 | LBank -0.0036% · WhiteBIT +0.0050% · MEXC -0.0035% · KuCoin +0.0007% · Bybit +0.0050% · Kraken -0.0119% |
| 85 | POPCAT | — | +0.0304% | 18 | BingX +0.0050% · Bitget +0.0050% · Binance +0.0050% · CoinEx +0.4850% · dYdX 0.0000% · edgeX +0.0050% |
| 86 |  RENDERRender |
$1.77 | +0.0041% | 18 | Hyperliquid +0.0013% · dYdX 0.0000% · CoinEx -0.0108% · Kraken -0.0001% · Coinbase +0.0298% · Bybit -0.0042% |
| 87 |  VVVVenice Token |
$25.73 | -0.0044% | 18 | Aster +0.0050% · BingX +0.0035% · Backpack +0.0027% · Binance +0.0050% · Bitget +0.0050% · MEXC +0.0050% |
| 88 | ZORA | — | +0.0344% | 18 | KuCoin +0.0050% · WhiteBIT +0.0050% · MEXC +0.0050% · LBank +0.0050% · Lighter +0.0096% · Aster -0.0032% |
| 89 | BLUR | — | +0.0140% | 17 | Bybit -0.0673% · Coinbase -0.0026% · Kraken +0.5063% · Crypto.com -0.0932% · Hyperliquid -0.0033% · dYdX 0.0000% |
| 90 |  CHZChiliz |
$0.0132 | -0.0422% | 17 | WhiteBIT +0.0100% · LBank -0.0039% · MEXC -0.0039% · Binance -0.0039% · BingX +0.0100% · Aster +0.0100% |
| 91 | DRAM | — | +0.0076% | 17 | WhiteBIT +0.0142% · LBank +0.0120% · MEXC +0.0120% · Paradex +0.0081% · tradeXYZ +0.0006% · Lighter +0.0056% |
| 92 |  ENSEthereum Name Service |
$5.47 | +0.0060% | 17 | WhiteBIT +0.0100% · LBank +0.0072% · MEXC +0.0076% · CoinEx -0.0050% · Crypto.com +0.0017% · Kraken +0.0080% |
| 93 | GALA | — | -0.0431% | 17 | Bitunix +0.0100% · Bitfinex 0.0000% · Aster +0.0100% · Binance +0.0076% · BingX +0.0100% · Bitget +0.0100% |
| 94 | INTC | — | +0.0102% | 17 | tradeXYZ +0.0015% · Lighter +0.0096% · LBank +0.0235% · WhiteBIT -0.0270% · Paradex +0.0082% · Aster +0.0082% |
| 95 | LINEA | — | +0.0459% | 17 | BingX +0.0050% · Bitunix +0.0012% · Binance +0.0050% · Bitget +0.0021% · Aster +0.0050% · Backpack +0.0046% |
| 96 | MOVE | — | -0.0027% | 17 | Kraken -0.0432% · CoinEx 0.0000% · Bitunix +0.0011% · edgeX +0.0050% · Hyperliquid -0.0001% · Gate +0.0100% |
| 97 | MRVL | — | +0.0036% | 17 | Paradex +0.0054% · tradeXYZ +0.0006% · WhiteBIT +0.0100% · KuCoin +0.0232% · LBank 0.0000% · Lighter +0.0032% |
| 98 | MSFT | — | +0.0017% | 17 | Paradex +0.0050% · LBank 0.0000% · WhiteBIT +0.0100% · Lighter +0.0048% · KuCoin 0.0000% · tradeXYZ +0.0006% |
| 99 | NVDA | — | +0.0034% | 17 | Lighter +0.0096% · Paradex +0.0051% · KuCoin +0.0043% · tradeXYZ +0.0006% · WhiteBIT +0.0100% · LBank 0.0000% |
| 100 | PEOPLE | — | +0.0023% | 17 | Bybit +0.0100% · Gate +0.0100% · Kraken -0.0052% · dYdX 0.0000% · HTX +0.0100% · Hyperliquid +0.0013% |
Source: on-site data endpoint, fetched at the same moment as this page.
BTC funding rate
Average rate across exchanges (%).
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ETH funding rate
Average rate across exchanges (%).
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FAQ
What is the funding rate?
The funding rate is a periodic payment between longs and shorts on perpetual futures that keeps the contract price close to spot. When positive, longs pay shorts; when negative, shorts pay longs.
What does a very high funding rate mean?
A persistently high positive rate usually means crowded, leveraged longs that are vulnerable to liquidation on a pullback; a persistently negative rate means the reverse.