| Pair | Rate / 8h | Annualized | Daily cost at 10x | Who pays |
|---|---|---|---|---|
| Fetching live funding data… | ||||
Live from Binance USDT-perpetual public data. "Daily cost at 10x" = what a 10x leveraged position pays (or earns) per day as % of its margin, assuming the current rate holds for all three 8h periods.
🔔 Funding alert — get an email when a rate crosses your line
One-shot: fires once, then deactivates. Checked every 30 minutes. No spam, no account — max 5 active alerts per email.
Tips: "above 0.05" catches overheating longs (squeeze watch). "below 0" catches the flip to negative funding — the delta-neutral entry signal.
How to read this table
The baseline is 0.01% per 8 hours — about 11% annualized, paid by longs to shorts. That's the market's neutral state. Everything interesting is deviation from it.
Hot rates (0.03%+) mark crowded longs. When a coin's funding runs 3–10× baseline, leveraged longs are paying heavily to hold — and every hour makes the squeeze fuel bigger. Historically, entering fresh longs into hot funding is buying the top's rent bill. If you must, price the carry first with the funding pain calculator.
Negative rates pay shorts. When funding flips negative, shorts collect from longs — the market is fearful or heavily short. For delta-neutral traders this is raw material: short the perp, hold spot, collect the payments. The math is in the funding arbitrage calculator, including the parts that eat the yield.
The daily-at-10x column is the honest one. A "0.05%" rate reads tiny until you see it as 1.5%/day of your margin at 10x — 45% a month for holding a position sideways. Funding is the reason "I'll just wait it out" is an expensive plan on leverage.