Funding rates show which side of the crypto futures market is paying to keep its positions open. When the rate is positive, traders betting on higher prices (longs) pay those betting on lower prices (shorts); when it is negative, shorts pay longs. Because the payment changes every few hours, funding is one of the quickest ways to see how crowded a trade has become. This page shows the latest funding rate for twelve large coins on Binance, Bybit and OKX, their average and annualised cost, and the history of Bitcoin funding.
Bitcoin's perpetual futures funding rate averages +0.0016% per 8 hours across Binance, Bybit and OKX right now, which works out to about +1.7% a year. A positive rate means traders holding long positions are paying shorts — more traders are betting on higher prices. Of the 12 large coins below, 9 have positive funding and 3 negative. Bitcoin funding was positive on 29 of the last 30 days.
Funding rates by coin and exchange
| Coin | Price | Binance | Bybit | OKX | Average | Annualised |
|---|---|---|---|---|---|---|
| BTC Bitcoin | $85,557 | −0.0023% | +0.0032% | +0.0038% | +0.0016% | +1.7% |
| ETH Ethereum | $2,693 | +0.0067% | +0.0046% | +0.0099% | +0.0071% | +7.7% |
| SOL Solana | $121 | +0.0086% | +0.0028% | +0.0020% | +0.0045% | +4.9% |
| XRP XRP | $1.51 | +0.0098% | −0.0003% | +0.0099% | +0.0065% | +7.1% |
| BNB BNB | $782 | +0.0086% | +0.0100% | +0.0100% | +0.0095% | +10.5% |
| DOGE Dogecoin | $0.0944 | +0.0100% | +0.0100% | +0.0100% | +0.0100% | +11.0% |
| ADA Cardano | $0.2716 | +0.0100% | +0.0100% | +0.0100% | +0.0100% | +11.0% |
| TRX TRON | $0.3359 | −0.0219% | −0.0319% | −0.0225% | −0.0254% | −27.8% |
| AVAX Avalanche | $11.48 | −0.0008% | −0.0068% | +0.0038% | −0.0013% | −1.4% |
| LINK Chainlink | $13.96 | +0.0074% | +0.0098% | +0.0025% | +0.0065% | +7.2% |
| TON Toncoin | $1.60 | 0.0000% | — | — | 0.0000% | 0.0% |
| SUI Sui | $1.19 | −0.0063% | −0.0142% | −0.0086% | −0.0097% | −10.6% |
Rates are the current (or last settled) funding rate per funding period. Most contracts settle every 8 hours; the annualised column assumes three settlements a day.
Bitcoin funding rate history
Daily average of Binance BTCUSDT funding settlements, 167 days.
Data: Binance, Bybit and OKX public futures APIs. Updated 6 Oct 2026, 18:47 UTC. Not financial advice.
Frequently asked questions
What is a funding rate?
Perpetual futures never expire, so exchanges use a small periodic payment between longs and shorts to keep the contract price close to the spot price. That payment is the funding rate, usually settled every 8 hours.
What does a high positive funding rate mean?
It means many traders are paying to stay long, so the market is leaning bullish and leveraged. Very high positive funding has often come before sharp pullbacks, because crowded long positions can be forced to close.
What does negative funding mean?
Short sellers are paying longs. It shows bearish positioning. Strongly negative funding can come before short squeezes, when prices rise and shorts are forced to buy back.
How is the annualised rate calculated?
The average rate per funding period multiplied by three settlements a day and 365 days. It shows what holding the position for a year would cost (or earn) if the rate stayed the same.