Live funding rate, open interest, and price action for Bitcoin perpetual futures across Binance, Bybit, and OKX.
What is Bitcoin funding rate?
Funding rate is the periodic payment exchanged between long and short traders in a perpetual futures contract.
Trading strategy on Bitcoin
When Bitcoin funding is consistently positive above 0.01% per 8h, longs are paying a meaningful premium to stay long. Historically, this is a sign of crowded positioning that often precedes a flush. When funding is consistently negative below -0.01%, shorts are paying longs, and a short squeeze becomes more likely. The funding dashboard tracks these extremes across all pairs.
Cross-exchange funding arbitrage
Funding rates often diverge between Binance, Bybit, and OKX for the same coin. The largest divergences are highlighted on the funding dashboard. A trader can go long on the lower-funding venue and short on the higher-funding venue to capture the spread, holding a delta-neutral position. For the broader market view, see the funding screener and the intelligence page.
Market context
For sentiment context, see the Bitcoin Fear & Greed Index. For educational content on how funding is calculated and traded, see the Funding 101 guide. For data sources and methodology, see the methodology page.
What is the Bitcoin funding rate?
The Bitcoin (BIT) funding rate is the periodic fee paid between long and short traders in Bitcoin perpetual futures contracts. It is settled every 8 hours on most major exchanges at 00:00, 08:00, and 16:00 UTC. A positive funding rate means longs pay shorts, indicating bullish sentiment. A negative rate means shorts pay longs, suggesting bearish sentiment. The rate keeps the perpetual futures price aligned with Bitcoin’s spot price.
How to read the data above
The table shows the current Bitcoin funding rate across Binance, Bybit, OKX, and other supported exchanges. Each row displays the exchange, current funding rate percentage, next funding time, and 24-hour trading volume. Positive rates appear in red (longs paying), negative rates in green (shorts paying). Comparing rates across exchanges reveals arbitrage gaps and market positioning.
Bitcoin funding rate vs other cryptocurrencies
Bitcoin funding rates tend to be more volatile than Bitcoin’s due to lower liquidity and higher retail participation. This creates both larger arbitrage opportunities and greater risk. Comparing Bitcoin funding across exchanges helps identify the most cost-efficient venue for holding a perpetual position.
How often is Bitcoin funding paid?
On Binance, Bybit, and OKX, Bitcoin funding is settled every 8 hours at 00:00, 08:00, and 16:00 UTC. The funding rate is calculated from the difference between the mark price and the index price, adjusted by an interest rate component, and is typically capped at ±0.05% per 8-hour window. High-volume periods can push rates toward the cap, creating larger payment flows between longs and shorts.
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