the fee perp longs pay shorts (or vice versa) every few hours to hold a position.
Funding Rate is the fee perp longs pay shorts (or vice versa) every few hours to hold a position.
a positive number means longs are paying shorts, the crowd is leaning long; negative means the crowd is leaning short.
when everyone leans one way, the market loves to punish them, crowded trades snap.
This is one of the nine signals fused into the Pulse Score (as "funding"). Every hourly briefing re-ranks all 12 coins on it. See Methodology for the full input list.
a 0-100 sentiment gauge for the whole crypto market
Next explainerthe total dollars of futures positions currently open
Explainer generated Sep 24, 2026 from the desk glossary. Not financial advice.