Extreme Funding Screener
Perpetual futures with the highest and lowest funding rates across all exchanges: rate per interval, 8-hour conversion, APR, latest payout, and open interest.
The table shows 50 perpetual contracts with the highest funding rate by absolute value, calculated over an eight-hour period, from all exchanges we collect. Rates older than 15 minutes and values greater than 5% per interval are excluded as outdated or inaccurate. The average for recent payments is calculated only based on the exchange's official history.
| Coin | Exchange | Contract | Rate for 8 hours |
|---|---|---|---|
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What is extreme funding and how to read the table
Funding is the payment between longs and shorts of a perpetual futures contract. A positive rate means longs pay shorts, while a negative rate means the opposite. Most major exchanges have a base rate of 0.01% for 8 hours, and in a calm market, rates for major coins hover around this rate.
There's no single "extreme" threshold. Exchanges calculate the rate using different formulas, with different limits and intervals—1, 2, 4, or 8 hours. Therefore, the table doesn't filter by a fixed threshold, but sorts contracts by the 8-hour equivalent: the largest deviations from zero at the current moment are always at the top.
The interval rate is what the exchange will credit for the next payout. The 8-hour rate aligns different intervals to a single scale. The APR is the annualized return, assuming the rate remains constant; it's not a forecast. The column showing the average for recent payouts shows whether the imbalance has been present for several payouts in a row or is new; if there's no official history, it's marked with a dash.
Large-scale funding is often found in coins with low open interest. Consider OI: a high OI contract rate of several hundred thousand dollars says little about the overall market.
How Traders Use Extreme Funding
High positive interest rate
Longs pay a fee to hold the position. This is a sign of buying bias, but not a signal to short in itself: in a strong trend, a high rate can persist for days. Check the chart, open interest, and liquidations before acting.
Strongly negative rate
Shorts are paying longs. The market is oversold, and a sharp rise in price could force shorts to close. But a negative rate can also occur during a prolonged decline, so without chart confirmation, this isn't a reason to go long.
Fundraising
A high yield can be achieved in a price-neutral position: spot versus perp. Commissions, basis, and borrowing costs all eat into the profits—calculate the trade using the calculator on the funding arbitrage page.