Crypto derivatives

Funding rate

The periodic payment exchanged between long and short holders of a perpetual futures contract.

The funding rate is a small payment exchanged every few hours between the long and short sides of a perpetual futures contract, which keeps the perpetual price tethered to spot. A positive rate means longs pay shorts (the market leans long); a negative rate means shorts pay longs. Sóng tracks the current funding rate for each market on the screener.

Educational content, not financial advice.