# Funding Rate

Periodic payment between perpetual futures longs and shorts that keeps the contract tethered to spot.

Source: https://bykaranteli.com/glossary/funding-rate · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-10-17T07:27:02.766Z.

## Live reading

Binance BTCUSDT funding is currently **+0.0044%** per 8h, with a median of **+0.0012%** across 29 tracked perps. The lowest rate right now is **NEAR** at **-0.0057%**, the highest is **SEI** at **+0.0100%**.

## Definition

On perpetual futures (perps) there is no expiry, so instead of delivery the exchange forces a periodic transfer between the two sides to anchor the contract price to the spot index. Each exchange sets the interval per contract: commonly every 8 hours, with some contracts settling every 4 hours or every hour. A positive rate means longs pay shorts (perp is trading at a premium). Negative means shorts pay longs (perp at discount). An extreme rate describes crowded positioning; on its own it does not say when that positioning unwinds. We track this live on the funding heatmap and combine it with open-interest delta to produce the Pressure Score.

## Related

- https://bykaranteli.com/heatmap
- https://bykaranteli.com/funding-arb
- https://bykaranteli.com/symbols/BTCUSDT/funding
- https://bykaranteli.com/pressure
- https://bykaranteli.com/glossary

Everything in one fetch: https://bykaranteli.com/llms-full.txt