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Live crypto data · 8 exchanges

Funding Rate Heatmap

Live funding rates for the coins with the most open interest, one row per coin and one column per exchange. Each cell is the coin's biggest perpetual on that exchange, converted to an 8-hour equivalent: green cells pay shorts (longs are crowded), red cells pay longs (shorts are crowded).

60 coins with the most open interest across 8 exchanges: 313 markets have positive funding (longs pay shorts) and 33 negative (shorts pay longs). Highest on the map: BTW on Bybit at 0.2433% per 8h. Most negative: TRX on Hyperliquid at -0.0510% per 8h.

60 coins by open interestFunding normalised to 8h8 exchangesAs of 19:22 UTC

Markets on the map
370
60 coins × 8 exchanges
Positive / negative
▲ 313 ▼ 33
longs pay ▲ / shorts pay ▼
Hottest cell
0.2433% BTW
Bybit BTWUSDT≈ 266.4% APR
Coldest cell
-0.0510% TRX
Hyperliquid TRX≈ -55.8% APR

Funding rate heatmap, per 8 hours

Top 60 coins by open interest
≥ 0.1%0.05–0.1%0.02–0.05%0.01–0.02%0–0.01%0 to −0.02%−0.02 to −0.05%−0.05 to −0.1%≤ −0.1%
Coin Binance Bybit HL Bitget Gate HTX MEXC KuCoin OI-wtd avg
BTC 0.0023% 0.0038% 0.0100% 0.0052% -0.0033% 0.0100% 0.0022% 0.0015% 0.0036%
ETH 0.0046% 0.0049% 0.0100% 0.0100% 0.0022% 0.0100% 0.0045% 0.0057% 0.0059%
SOL -0.0033% 0.0100% 0.0100% 0.0016% -0.0046% 0.0100% -0.0032% 0.0051% 0.0020%
HYPE -0.0036% -0.0021% 0.0100% -0.0062% -0.0046% 0.0100% -0.0036% 0.0100% 0.0054%
ZEC 0.0100% 0.0052% 0.0263% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0155%
XRP 0.0014% 0.0099% 0.0100% 0.0100% 0.0100% 0.0100% 0.0013% 0.0100% 0.0060%
NEAR 0.0100% 0.0100% 0.0505% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0244%
DOGE 0.0067% 0.0041% 0.0216% 0.0100% 0.0100% 0.0100% 0.0067% 0.0100% 0.0096%
BNB 0.0000% -0.0012% 0.0100% 0.0100% 0.0100% 0.0100% 0.0000% 0.0100% 0.0033%
SUI 0.0097% 0.0040% 0.0132% 0.0004% 0.0100% 0.0100% 0.0098% 0.0100% 0.0089%
UNI 0.0100% 0.0057% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0096%
ENA 0.0100% 0.0100% 0.0228% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0138%
LINK 0.0081% 0.0100% 0.0100% 0.0100% 0.0033% -0.0088% 0.0081% 0.0100% 0.0082%
TAO 0.0100% 0.0100% 0.0420% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0173%
LTC 0.0088% 0.0077% 0.0100% 0.0100% 0.0092% 0.0100% 0.0088% 0.0078% 0.0089%
WLD 0.0100% 0.0100% 0.0325% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0155%
PEPE 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100%
ONDO 0.0100% 0.0100% 0.0207% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0122%
ADA 0.0098% 0.0100% 0.0100% 0.0100% 0.0037% 0.0100% 0.0098% 0.0100% 0.0091%
XAU · 0.0000% · · · 0.0000% 0.0000% · 0.0000%
SILVER · · 0.0050% · · · 0.0000% · 0.0031%
XAUT 0.0100% -0.0109% · · · 0.0100% -0.0112% 0.0100% -0.0081%
PUMP 0.0100% · 0.0100% 0.0100% 0.0100% 0.0100% · 0.0100% 0.0100%
AVAX 0.0100% 0.0038% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0093%
SP500 HIP-3 · · 0.0011% · · · · · 0.0011%
SKHX HIP-3 · · 0.0050% · · · · · 0.0050%
LIT 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100%
GOLD HIP-3 · · 0.0050% · · · · · 0.0050%
AAVE 0.0100% 0.0100% 0.0100% -0.0143% 0.0100% 0.0100% 0.0100% 0.0100% 0.0068%
BCH 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100%
ARB -0.0054% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% -0.0185% 0.0100% -0.0018%
XMR 0.0100% 0.0100% 0.0100% 0.0100% -0.0122% 0.0100% 0.0100% 0.0100% 0.0099%
BTW 0.0941% 0.2433% · 0.1006% 0.0372% 0.0100% 0.0938% 0.0100% 0.1000%
XPL 0.0100% 0.0100% 0.0374% 0.0100% 0.0100% 0.0787% 0.0100% 0.0100% 0.0229%
ASTER 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100%
SKHY · 0.0000% 0.0050% · · 0.0000% · · 0.0048%
XLM 0.0100% 0.0100% 0.0339% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0120%
WLFI 0.0100% -0.0332% -0.0079% 0.0076% 0.0026% · 0.0100% 0.0100% 0.0062%
TRX -0.0413% -0.0317% -0.0510% -0.0139% -0.0296% -0.0094% -0.0413% -0.0199% -0.0377%
XYZ100 HIP-3 · · 0.0050% · · · · · 0.0050%
PAXG 0.0098% 0.0100% 0.0100% · · 0.0000% 0.0098% 0.0100% 0.0098%
MU · 0.0000% -0.0034% · · 0.0000% · · -0.0032%
CL · 0.0000% -0.0196% · · · · 0.0000% -0.0166%
VVV 0.0100% 0.0100% 0.0491% 0.0100% 0.0100% · 0.0100% 0.0100% 0.0263%
INTC · 0.0049% 0.0050% · · · · · 0.0050%
GRAM 0.0146% 0.0100% 0.0212% 0.0100% 0.0100% 0.0100% 0.0150% 0.0100% 0.0161%
BRENTOIL · · -0.0152% · · 0.0000% · · -0.0151%
SNDK · 0.0000% 0.0050% · · 0.0000% · · 0.0043%
NVDA · 0.0000% 0.0067% · · 0.0000% · · 0.0064%
SPCX · 0.0000% 0.0050% · · 0.0000% · · 0.0043%
ZRO 0.0100% 0.0100% 0.0549% 0.0100% 0.0100% · 0.0100% 0.0100% 0.0308%
DOT 0.0076% -0.0026% 0.0100% -0.0107% 0.0100% 0.0100% 0.0076% 0.0100% 0.0038%
TRUMP 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% 0.0100% · 0.0100% 0.0100%
PONS 0.0199% 0.0114% 0.0396% 0.0774% 0.0100% 0.0100% 0.0200% 0.0100% 0.0305%
DRAM · 0.0000% 0.0119% · · 0.0000% · · 0.0114%
FIL 0.0100% 0.0100% 0.0100% 0.0100% -0.0004% 0.0100% · 0.0100% 0.0096%
FARTCOIN 0.0139% 0.0100% 0.0128% 0.0100% 0.0492% 0.0100% 0.0100% 0.0300% 0.0150%
PENGU 0.0100% 0.0100% 0.0100% 0.0100% 0.0044% 0.0100% 0.0100% 0.0100% 0.0099%
GOOGL · 0.0000% 0.0050% · · 0.0000% · · 0.0047%
CRCL · 0.0146% 0.0050% · · · · · 0.0056%
Exchange avg 0.0092% 0.0093% 0.0121% 0.0112% 0.0080% 0.0086% 0.0078% 0.0091%

How to read it. Every cell is the coin's biggest perpetual (by open interest) on that exchange, as an 8-hour equivalent rate (hourly × 8, 4-hourly × 2). Positive funding means longs pay shorts; negative means shorts pay longs. The usual baseline is 0.01% per 8h. Hover a cell for the market, its settlement interval and APR; a dot means the coin has no perp on that exchange.

For what has actually been paid over time, see accumulated funding (7d / 30d). For two-leg trades on the gaps between columns, see the funding arbitrage scanner and the arbitrage APR calculator.

Funding heatmap FAQ

How do I read the funding heatmap?

Each row is a coin, each column an exchange, and each cell that coin's funding rate on that exchange per 8 hours. Deeper green means longs pay more, deeper red means shorts pay more. Pale cells sit near the usual 0.01% baseline. A row that is green everywhere is a crowded long across the market; one exchange much hotter than the rest is a funding arbitrage spread.

Why are the rates shown per 8 hours?

Exchanges settle funding on different clocks: Hyperliquid every hour, most Binance and Bybit perps every 8 hours, some every 4 or 1 hours. Every rate here is converted to its 8-hour equivalent so cells compare directly. Hover a cell for the market, its settlement interval and the APR.

Which market is in each cell?

The coin's perpetual with the most open interest on that exchange, usually the USDT-margined perp. An empty cell means the coin has no perp there. The row's average is weighted by open interest across every market of the coin.

How is this different from accumulated funding?

The heatmap is the rate right now, which can change every minute. Accumulated funding adds up what was actually paid over the last 7 or 30 days, which shows where funding has been persistently high or low.