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 |
$82,726.00 | -0.0064% | 34 | Deribit +0.0025% · Gate +0.0100% · Gate +0.0032% · edgeX +0.0050% · HTX -0.0021% · HTX +0.0100% |
| 2 |  ETHEthereum |
$2,496.78 | +0.0009% | 33 | Gate +0.0007% · Bybit +0.0004% · Bybit +0.0011% · HTX +0.0100% · HTX +0.0100% · CoinEx -0.0702% |
| 3 |  DOGEDogecoin |
$0.0865 | +0.0097% | 32 | HTX +0.0100% · HTX +0.0100% · Hyperliquid +0.0013% · Bybit +0.0100% · Bybit -0.0044% · Deribit 0.0000% |
| 4 |  LTCLitecoin |
$63.94 | -0.0004% | 32 | Bybit +0.0100% · Crypto.com -0.0001% · Deribit 0.0000% · Kraken +0.0015% · Hyperliquid +0.0013% · HTX +0.0100% |
| 5 |  XRP |
$1.41 | +0.0018% | 32 | Deribit 0.0000% · Kraken +0.0010% · Coinbase +0.0057% · edgeX -0.0050% · CoinEx 0.0000% · HTX +0.0100% |
| 6 |  ADACardano |
$0.2537 | +0.0104% | 31 | Bitget +0.0100% · Bitget -0.0089% · Bitunix +0.0150% · Backpack +0.0013% · Bitfinex 0.0000% · BitMEX -0.0150% |
| 7 |  LINKChainlink |
$12.93 | +0.0032% | 31 | Bybit +0.0100% · Kraken +0.0006% · Coinbase +0.0088% · HTX +0.0100% · Deribit +0.0002% · CoinEx 0.0000% |
| 8 |  SOLSolana |
$110.22 | -0.0124% | 31 | Paradex +0.0056% · KuCoin +0.0100% · WhiteBIT +0.0100% · MEXC +0.0049% · OKX +0.0048% · OKX +0.0100% |
| 9 |  AVAXAvalanche |
$10.65 | +0.0023% | 30 | OKX 0.0000% · Lighter +0.0040% · MEXC +0.0100% · WhiteBIT +0.0100% · Paradex +0.0077% · LBank +0.0100% |
| 10 |  DOTPolkadot |
$1.27 | +0.0006% | 30 | Lighter +0.0096% · WhiteBIT +0.0100% · OKX +0.0100% · OKX +0.0100% · MEXC +0.0100% · LBank +0.0100% |
| 11 |  SUISui |
$1.11 | +0.0161% | 30 | WhiteBIT +0.0100% · OKX +0.0058% · OKX +0.0100% · KuCoin +0.0100% · LBank +0.0094% · Paradex +0.0098% |
| 12 |  UNIUniswap |
$7.52 | -0.0014% | 30 | OKX +0.0100% · OKX -0.0138% · Paradex +0.0089% · Lighter +0.0096% · LBank -0.0032% · KuCoin +0.0100% |
| 13 |  AAVEAave |
$174.01 | -0.0094% | 29 | Lighter +0.0096% · OKX -0.0092% · MEXC -0.0009% · Paradex +0.0055% · WhiteBIT +0.0100% · LBank -0.0010% |
| 14 |  BCHBitcoin Cash |
$279.57 | -0.0189% | 29 | Binance +0.0100% · Aster +0.0100% · BingX +0.0100% · Binance -0.0030% · BitMEX +0.0100% · BitMEX +0.0100% |
| 15 |  NEARNEAR Protocol |
$5.17 | +0.0039% | 29 | BingX +0.0100% · Bitunix +0.0010% · Aster +0.0100% · Bitfinex 0.0000% · BitMEX +0.0100% · Backpack +0.0064% |
| 16 |  FILFilecoin |
$1.17 | +0.0071% | 28 | Kraken +0.0015% · HTX +0.0100% · Gate +0.0100% · Deribit -0.0011% · Bybit +0.0100% · Bybit +0.0100% |
| 17 |  BNB |
$749.89 | -0.0291% | 27 | OKX +0.0051% · LBank 0.0000% · Lighter +0.0096% · Paradex +0.0092% · WhiteBIT +0.0010% · MEXC 0.0000% |
| 18 |  HYPEHyperliquid |
$84.41 | -0.0225% | 27 | Kraken +0.0032% · Bybit +0.0086% · Crypto.com +0.0024% · Gate +0.0034% · HTX +0.0050% · Coinbase +0.0102% |
| 19 |  XLMStellar |
$0.1966 | +0.0084% | 27 | CoinEx +0.0929% · Bitunix +0.0030% · Kraken -0.0009% · Gate +0.0057% · Coinbase +0.0199% · Bybit +0.0100% |
| 20 |  APTAptos |
$0.8265 | +0.0117% | 26 | LBank +0.0073% · Lighter +0.0096% · Paradex -0.0008% · OKX +0.0100% · MEXC +0.0073% · WhiteBIT +0.0100% |
| 21 |  ARBArbitrum |
$0.1864 | -0.0192% | 26 | HTX +0.0100% · KuCoin -0.0063% · dYdX 0.0000% · Bybit -0.0039% · Deribit +0.0040% · edgeX -0.0050% |
| 22 |  ETCEthereum Classic |
$8.43 | +0.0072% | 26 | Binance +0.0100% · Binance +0.0096% · Bitfinex 0.0000% · BingX +0.0100% · Bitunix +0.0027% · Bitget +0.0100% |
| 23 |  SEISei |
$0.0681 | -0.0052% | 26 | Aster +0.0100% · Binance +0.0076% · BitMEX +0.0100% · BingX +0.0100% · Bitfinex 0.0000% · Backpack +0.0013% |
| 24 |  TRXTRON |
$0.3308 | -0.0196% | 26 | WhiteBIT -0.0209% · Lighter -0.0208% · MEXC -0.0388% · LBank -0.0390% · KuCoin -0.0174% · Paradex -0.0235% |
| 25 |  WLDWorldcoin |
$0.5586 | +0.0030% | 26 | OKX +0.0100% · MEXC +0.0100% · Lighter +0.0096% · KuCoin -0.0029% · Paradex +0.0033% · LBank +0.0100% |
| 26 |  ENAEthena |
$0.2213 | -0.0103% | 25 | Bitunix +0.0050% · BingX +0.0050% · Bitfinex 0.0000% · Binance +0.0050% · Backpack +0.0045% · Aster +0.0050% |
| 27 |  ONDOOndo |
$0.4998 | +0.0305% | 25 | Kraken -0.0008% · CoinEx +0.5733% · KuCoin +0.0050% · Bybit +0.0050% · Crypto.com +0.0053% · edgeX +0.0050% |
| 28 |  OPOptimism |
$0.1439 | +0.0089% | 25 | edgeX -0.0050% · Crypto.com +0.0116% · KuCoin +0.0100% · CoinEx -0.0275% · Hyperliquid +0.0013% · Deribit +0.0022% |
| 29 |  TAOBittensor |
$280.63 | +0.0346% | 25 | HTX +0.0050% · Gate +0.0019% · dYdX 0.0000% · Coinbase +0.0900% · Deribit 0.0000% · Kraken +0.0004% |
| 30 |  CRVCurve DAO |
$0.3621 | +0.0052% | 24 | Bitfinex -0.0094% · Aster +0.0100% · BitMEX +0.0100% · BingX +0.0100% · Bitget +0.0100% · Bitunix +0.0100% |
| 31 |  JUPJupiter |
$0.3736 | +0.0343% | 24 | HTX -0.0027% · Deribit -0.0154% · CoinEx +0.7631% · KuCoin +0.0013% · edgeX +0.0050% · dYdX +0.0010% |
| 32 |  LDOLido DAO |
$0.4358 | -0.0037% | 24 | Hyperliquid +0.0013% · KuCoin +0.0100% · Coinbase -0.1282% · CoinEx -0.1212% · Crypto.com +0.0112% · dYdX 0.0000% |
| 33 |  TIACelestia |
$0.4902 | +0.0269% | 24 | Crypto.com +0.0179% · HTX +0.0050% · Hyperliquid +0.0013% · Bybit +0.0050% · Kraken +0.0094% · edgeX -0.0050% |
| 34 |  WIFdogwifhat |
$0.2200 | -0.0128% | 24 | OKX -0.0031% · Lighter +0.0096% · KuCoin -0.0019% · Paradex -0.0002% · MEXC +0.0050% · LBank +0.0050% |
| 35 |  ZECZcash |
$1,227.29 | +0.0132% | 24 | KuCoin +0.0100% · LBank +0.0060% · WhiteBIT +0.0100% · Lighter +0.0096% · MEXC +0.0061% · Paradex +0.0099% |
| 36 |  HBARHedera |
$0.0927 | +0.0066% | 23 | Bitunix +0.0036% · Bitfinex 0.0000% · Aster +0.0100% · Binance +0.0029% · Bitget +0.0100% · Backpack +0.0013% |
| 37 |  ICPInternet Computer |
$3.16 | -0.0007% | 23 | BingX +0.0100% · Aster +0.0100% · Binance +0.0100% · Bitfinex 0.0000% · Bitget +0.0100% · Bitunix +0.0100% |
| 38 |  JTOJito |
$0.5301 | +0.0024% | 23 | WhiteBIT +0.0050% · MEXC +0.0050% · LBank +0.0050% · Lighter +0.0096% · Paradex +0.0080% · Bitget +0.0050% |
| 39 |  PENDLEPendle |
$2.16 | +0.0136% | 23 | Bitget +0.0100% · Backpack +0.0102% · Aster +0.0100% · Binance -0.0014% · Bitunix +0.0008% · BingX +0.0100% |
| 40 |  PENGUPudgy Penguins |
$0.008400 | +0.0221% | 23 | Backpack +0.0028% · Binance +0.0026% · Bitget +0.0050% · Bitunix +0.0015% · Aster +0.0050% · BingX +0.0050% |
| 41 |  XPLPlasma |
$0.0875 | +0.0124% | 23 | Binance +0.0027% · Bitget +0.0050% · Backpack +0.0013% · BingX +0.0050% · Bitfinex +0.0293% · Aster +0.0034% |
| 42 |  ETHFIEther.fi |
$0.6916 | +0.0176% | 22 | dYdX 0.0000% · Bybit +0.0050% · Hyperliquid +0.0013% · HTX +0.0050% · CoinEx +0.2187% · KuCoin +0.0050% |
| 43 |  FARTCOINFartcoin |
$0.1630 | -0.0310% | 22 | LBank +0.0050% · Paradex +0.0100% · Lighter +0.0096% · MEXC +0.0050% · WhiteBIT +0.0050% · Backpack +0.0013% |
| 44 |  INJInjective |
$7.13 | +0.0115% | 22 | Binance +0.0100% · Bitfinex -0.0373% · Aster +0.0100% · Bitunix +0.0100% · Bitget +0.0100% · BingX +0.0222% |
| 45 |  PAXGPAX Gold |
$4,183.28 | +0.0042% | 22 | LBank +0.0002% · MEXC +0.0001% · WhiteBIT +0.0050% · Paradex +0.0100% · Lighter +0.0096% · BingX +0.0050% |
| 46 |  PYTHPyth Network |
$0.0799 | +0.0294% | 22 | Paradex +0.0069% · LBank +0.0050% · MEXC +0.0050% · WhiteBIT +0.0050% · Lighter +0.0096% · BingX +0.0050% |
| 47 |  ZROLayerZero |
$2.03 | -0.0090% | 22 | Aster +0.0050% · Bitfinex 0.0000% · Bitget +0.0050% · BingX +0.0050% · Backpack +0.0013% · Binance +0.0050% |
| 48 |  APEApeCoin |
$0.1527 | +0.0426% | 21 | WhiteBIT +0.0100% · LBank +0.0065% · MEXC +0.0064% · Bybit +0.0100% · Coinbase +0.1257% · Deribit -0.0105% |
| 49 |  ASTERAster |
$0.7156 | +0.0116% | 21 | Lighter -0.0032% · LBank +0.0050% · Paradex +0.0099% · MEXC +0.0050% · WhiteBIT +0.0050% · Coinbase +0.0919% |
| 50 |  ATOMCosmos Hub |
$2.04 | -0.0309% | 21 | Bitunix -0.0014% · Bitget +0.0100% · Binance -0.0043% · Aster +0.0087% · BingX +0.0100% · WhiteBIT +0.0100% |
| 51 | AVNT | — | +0.0169% | 21 | BingX +0.0017% · Backpack +0.0083% · Aster +0.0050% · Binance +0.0050% · Bitget +0.0050% · Bitunix +0.0050% |
| 52 |  AXSAxie Infinity |
$1.26 | +0.0262% | 21 | Paradex +0.0036% · WhiteBIT +0.0050% · LBank +0.0050% · MEXC +0.0050% · Lighter +0.0096% · Aster +0.0050% |
| 53 | BERA | — | +0.0104% | 21 | WhiteBIT +0.0050% · MEXC +0.0050% · Lighter +0.0096% · Paradex +0.0031% · LBank +0.0050% · Binance +0.0050% |
| 54 |  DYDXdYdX |
$0.1422 | -0.0092% | 21 | Bitget +0.0100% · Bitunix +0.0100% · BingX +0.0100% · Aster +0.0100% · Binance +0.0100% · LBank +0.0100% |
| 55 |  POLPOL (ex-MATIC) |
$0.1010 | +0.0072% | 21 | Lighter +0.0096% · LBank +0.0028% · WhiteBIT +0.0050% · MEXC +0.0027% · BingX +0.0050% · Bitfinex 0.0000% |
| 56 |  STRKStarknet |
$0.0716 | +0.0135% | 21 | WhiteBIT +0.0050% · Lighter +0.0096% · KuCoin +0.0012% · LBank +0.0048% · MEXC +0.0047% · Paradex +0.0099% |
| 57 |  VIRTUALVirtuals Protocol |
$0.7412 | -0.0017% | 21 | BingX +0.0050% · Binance +0.0050% · Bitget +0.0050% · Backpack +0.0013% · Aster +0.0050% · HTX +0.0050% |
| 58 |  WLFIWorld Liberty Financial |
$0.0569 | +0.0140% | 21 | Bybit +0.0019% · Bitunix +0.0050% · CoinEx +0.1736% · Hyperliquid -0.0008% · Coinbase +0.0500% · Gate -0.0003% |
| 59 |  ALGOAlgorand |
$0.1162 | +0.0073% | 20 | BingX +0.0100% · Aster +0.0100% · Bitunix +0.0052% · Bitget +0.0100% · Binance -0.0038% · CoinEx -0.0119% |
| 60 |  EIGENEigenCloud (prev. EigenLayer) |
$0.2297 | +0.0089% | 20 | BingX +0.0050% · Bitget +0.0050% · Bitunix +0.0050% · Aster +0.0050% · Binance +0.0050% · Bybit +0.0050% |
| 61 | KAITO | — | +0.0075% | 20 | Bybit +0.0050% · Gate +0.0050% · edgeX -0.0050% · CoinEx +0.1737% · KuCoin +0.0050% · Hyperliquid +0.0013% |
| 62 |  LITLighter |
$3.58 | -0.0078% | 20 | Bitunix 0.0000% · Backpack +0.0013% · Bitget +0.0050% · Aster +0.0050% · Binance +0.0050% · Bitfinex +0.0015% |
| 63 |  PUMPPump.fun |
$0.005567 | +0.0208% | 20 | BingX +0.0050% · Bitunix 0.0000% · Backpack +0.0013% · Binance +0.0050% · Aster +0.0050% · Bitget +0.0050% |
| 64 |  TRUMPOfficial Trump |
$1.91 | -0.0374% | 20 | Binance +0.0050% · Backpack -0.0012% · Aster +0.0050% · Bitget +0.0050% · Paradex +0.0080% · Lighter +0.0096% |
| 65 |  XMRMonero |
$522.42 | +0.0213% | 20 | Binance +0.0100% · Backpack +0.0013% · BitMEX +0.0100% · BingX +0.0100% · Aster +0.0100% · Bitget +0.0100% |
| 66 |  2ZDoubleZero |
$0.0380 | +0.0161% | 19 | Kraken +0.5061% · edgeX 0.0000% · Crypto.com -0.0158% · CoinEx +0.2602% · Coinbase +0.0083% · KuCoin -0.0374% |
| 67 |  COMPCompound |
$24.56 | +0.0044% | 19 | BingX +0.0100% · Bitunix +0.0100% · Bitget +0.0100% · Bitfinex 0.0000% · Binance +0.0094% · CoinEx -0.0820% |
| 68 |  FETArtificial Superintelligence Alliance |
$0.2257 | -0.2747% | 19 | Coinbase +0.1180% · edgeX -3.9500% · Hyperliquid +0.0013% · Crypto.com -0.0018% · KuCoin +0.0100% · Deribit 0.0000% |
| 69 |  MONMonad |
$0.0251 | -0.0051% | 19 | Paradex -0.0245% · Lighter +0.0096% · WhiteBIT +0.0050% · LBank -0.0011% · Backpack -0.0082% · Aster +0.0018% |
| 70 |  MORPHOMorpho |
$2.41 | +0.0077% | 19 | Gate +0.0049% · Bybit +0.0050% · Deribit -0.0256% · Hyperliquid +0.0013% · KuCoin +0.0050% · dYdX 0.0000% |
| 71 |  SSonic |
$0.0449 | +0.0397% | 19 | Bitget +0.0050% · Backpack -0.0019% · Aster +0.0050% · Binance +0.0050% · BingX +0.0050% · MEXC +0.0050% |
| 72 |  AEROAerodrome Finance |
$0.8242 | +0.0086% | 18 | Paradex +0.0096% · WhiteBIT +0.0050% · Lighter +0.0096% · MEXC +0.0050% · LBank +0.0050% · Backpack +0.0073% |
| 73 | BOME | — | -0.0345% | 18 | Bybit +0.0050% · Gate +0.0050% · Crypto.com +0.0006% · CoinEx -0.5659% · KuCoin +0.0050% · Kraken -0.0025% |
| 74 |  CFXConflux |
$0.0515 | +0.0260% | 18 | Bitget +0.0100% · Bitunix +0.0100% · Aster +0.0100% · BingX +0.0100% · Binance +0.0100% · Gate -0.0032% |
| 75 |  CHIPUSD.AI |
$0.0527 | -0.0097% | 18 | LBank +0.0050% · Lighter +0.0096% · WhiteBIT +0.0050% · MEXC +0.0050% · Hyperliquid +0.0013% · Deribit -0.0050% |
| 76 |  DASHDash |
$51.79 | +0.0145% | 18 | Aster +0.0100% · Binance +0.0090% · BingX +0.0100% · Bitget +0.0100% · Bitunix +0.0085% · WhiteBIT +0.0100% |
| 77 |  GRAMGram (prev. Toncoin) |
$1.47 | -0.0364% | 18 | Lighter +0.0096% · MEXC +0.0050% · Paradex +0.0100% · WhiteBIT +0.0050% · LBank +0.0050% · Binance +0.0050% |
| 78 |  GRASSGrass |
$0.6559 | -0.2163% | 18 | Aster +0.0050% · BingX +0.0050% · Bitget +0.0050% · Binance +0.0050% · Bitunix +0.0050% · Lighter +0.0096% |
| 79 | MEGA | — | +0.0004% | 18 | WhiteBIT +0.0050% · LBank +0.0050% · Lighter +0.0296% · MEXC +0.0050% · Bitunix +0.0050% · Binance +0.0050% |
| 80 | ORDI | — | +0.0105% | 18 | LBank +0.0050% · WhiteBIT +0.0050% · MEXC +0.0050% · dYdX 0.0000% · Kraken +0.0034% · edgeX +0.0050% |
| 81 |  PEPEPepe |
$0.000004 | +0.0036% | 18 | Hyperliquid +0.0013% · CoinEx +0.0092% · Gate -0.0005% · dYdX 0.0000% · KuCoin +0.0051% · Kraken +0.0006% |
| 82 | PNUT | — | +0.0321% | 18 | LBank +0.0050% · MEXC +0.0050% · WhiteBIT +0.0050% · edgeX +0.0025% · KuCoin +0.0050% · Deribit -0.0015% |
| 83 | POPCAT | — | +0.0318% | 18 | BingX +0.0050% · Bitget +0.0050% · Binance +0.0050% · Bitunix +0.0050% · dYdX 0.0000% · KuCoin +0.0180% |
| 84 |  RENDERRender |
$1.93 | +0.0043% | 18 | Hyperliquid +0.0013% · Deribit +0.0016% · Kraken -0.0038% · Bybit +0.0050% · Bitunix +0.0100% · dYdX +0.0004% |
| 85 |  VVVVenice Token |
$22.69 | -0.0013% | 18 | Binance +0.0050% · Bitget +0.0050% · Aster +0.0050% · Backpack +0.0035% · BingX +0.0050% · MEXC +0.0050% |
| 86 |  WWormhole |
$0.0170 | +0.0277% | 18 | Coinbase -0.0320% · Bitunix +0.0050% · Kraken -0.0017% · CoinEx +0.5111% · Bybit +0.0050% · Crypto.com -0.0172% |
| 87 | ZORA | — | +0.0338% | 18 | LBank +0.0050% · WhiteBIT +0.0050% · Lighter +0.0096% · MEXC +0.0050% · KuCoin +0.0050% · Aster -0.0027% |
| 88 | BLUR | — | +0.0289% | 17 | dYdX +0.0048% · Gate +0.0050% · KuCoin +0.0050% · Crypto.com -0.0030% · Hyperliquid +0.0013% · CoinEx -0.0749% |
| 89 |  CHZChiliz |
$0.0157 | -0.0376% | 17 | LBank +0.0100% · WhiteBIT +0.0100% · MEXC +0.0100% · Aster +0.0100% · Binance +0.0100% · Bitfinex -0.0034% |
| 90 | DRAM | — | +0.0025% | 17 | Lighter +0.0032% · LBank +0.0073% · Paradex +0.0054% · tradeXYZ +0.0006% · MEXC 0.0000% · WhiteBIT -0.0100% |
| 91 |  ENSEthereum Name Service |
$6.41 | +0.0072% | 17 | LBank +0.0100% · MEXC +0.0100% · WhiteBIT +0.0100% · Kraken +0.0040% · Crypto.com +0.0067% · CoinEx -0.0050% |
| 92 | EWY | — | +0.0022% | 17 | Bybit +0.0025% · Gate +0.0021% · Crypto.com +0.0006% · KuCoin 0.0000% · HTX 0.0000% · Coinbase +0.0003% |
| 93 |  GALA |
$0.002408 | -0.0431% | 17 | BingX +0.0100% · Bitget +0.0100% · Bitunix +0.0100% · Bitfinex -0.0114% · Aster +0.0100% · Binance +0.0100% |
| 94 | INTC | — | +0.0052% | 17 | Lighter +0.0032% · tradeXYZ +0.0006% · Paradex +0.0054% · WhiteBIT +0.0100% · LBank 0.0000% · Bitunix +0.0005% |
| 95 | LINEA | — | +0.0454% | 17 | Bitget +0.0050% · Backpack +0.0013% · Binance +0.0050% · BingX +0.0050% · Bitunix +0.0050% · Aster +0.0050% |
| 96 | MOVE | — | -0.0048% | 17 | CoinEx 0.0000% · Hyperliquid +0.0013% · Gate +0.0100% · dYdX 0.0000% · edgeX +0.0050% · Crypto.com -0.0204% |
| 97 | MSFT | — | -0.0014% | 17 | LBank 0.0000% · Lighter +0.0032% · tradeXYZ +0.0006% · WhiteBIT -0.0100% · Paradex +0.0050% · Aster 0.0000% |
| 98 | NVDA | — | +0.0034% | 17 | Lighter +0.0032% · WhiteBIT +0.0100% · Paradex +0.0051% · LBank 0.0000% · tradeXYZ +0.0006% · Bitunix +0.0078% |
| 99 | PEOPLE | — | +0.0020% | 17 | Bitunix +0.0100% · Binance +0.0100% · Bitget +0.0100% · Aster +0.0100% · BingX +0.0100% · Bybit +0.0100% |
| 100 |  QNTQuant |
$245.72 | -0.0222% | 17 | Kraken -0.0024% · Gate -0.0001% · Crypto.com +0.0015% · CoinEx -0.3988% · KuCoin -0.0022% · Bybit +0.0073% |
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.