What is a Funding Rate Screener?
A funding rate screener is a tool that scans multiple cryptocurrency exchanges simultaneously, comparing perpetual futures funding rates to identify arbitrage opportunities in real time.
Key Metrics to Monitor
- Funding Rate: The current 8-hour funding rate on each exchange
- Next Funding: Time until the next funding payment
- Mark Price vs Index Price: Shows how far the perpetual has drifted from spot
- Open Interest: Total value of open positions, indicates market liquidity
- Funding Rate History: 7-day and 30-day averages for comparison
How to Use the Funding Rate Screener
Step 1: Filter by asset class (BTC, ETH, altcoins)
Step 2: Sort by funding rate differential between exchanges
Step 3: Calculate potential profit after fees
Step 4: Execute trades on both exchanges simultaneously
Best Funding Rate Screeners
- Funding Alerts: Real-time alerts when funding differentials exceed your threshold
- Coinglass: Funding rate data across all major exchanges
- CoinGecko: Historical funding rate charts
- Exchange-specific: Binance, Bybit, OKX all offer built-in funding rate data