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Calculate funding fees for perpetual futures contracts across major crypto exchanges.
Quick Coin: (loads live price)
Funding rates are a hidden cost that many traders overlook — until they see their profits eroding. In perpetual futures markets, funding is paid every 8 hours to balance the market between longs and shorts. When most traders are long, the rate goes positive and longs pay shorts.
At 0.05% per 8 hours (3× per day), you're paying 0.15% daily on your position. On a $10,000 position that's $15/day or $450/month just to hold. This can completely negate profits on a slow-moving trade.
Advanced traders watch funding rates as a sentiment indicator. Extremely high positive rates (0.1%+) signal overleveraged longs — historically a contrarian bearish signal. Use this tool to calculate the real cost of holding any perpetual futures position overnight.
Funding rates are periodic payments between long and short traders in perpetual futures markets. They keep the futures price close to the spot price. When the rate is positive, longs pay shorts. When negative, shorts pay longs.
Most exchanges (Binance, Bybit, OKX) charge funding every 8 hours: 00:00, 08:00, and 16:00 UTC. Some exchanges use different intervals — always check your platform.
Rates above 0.1% per 8 hours are considered high. Annualized, that's ~109% interest on your position. High positive rates indicate an overheated long market — a potential shorting signal.
Yes — this is called 'funding rate arbitrage' or a 'cash and carry' trade. You buy spot and simultaneously short the perpetual, collecting funding while being price-neutral.
Only when the rate is positive. If the rate is negative (rare), longs receive funding from shorts. Funding rates change every interval and can flip sign during market reversals.
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