Funding Rates
Green: traders betting on a rise pay those betting on a fall; red: the payments go the other way.
Most bitcoin betting happens through a contract called a perpetual swap — a bet on the price that **never** expires. To stop its price drifting away from real bitcoin, whichever side of the bet is more crowded pays the other side a small fee every eight hours.
This chart is that fee, as a percentage of the bet.
Green means positive funding: traders betting on a rise pay traders betting on a fall. Red means the reverse. Several positive payments can outweigh a negative payment within a green daily bar. These colours show who pays, not whether the price rose or how many traders chose a side.
In settlement view, each bar is one Binance eight-hour funding payment. In daily view, each bar adds the payments in that UTC day, not their average. The axis states which period is shown. For example, +0.01%, -0.005% and +0.01% become one green daily bar at +0.015%. The price line is context only.
Binance only, not the whole market. Daily bars can hide a negative settlement inside a positive daily total; use a shorter settlement view to see each payment. Today is incomplete until all scheduled settlements have arrived. Missing settlements stay missing and are never invented. Funding does not predict the next price move.
Binance public funding history, settled every eight hours and stored in our warehouse. The price line uses warehouse price observations for context.
Binance funding settlements; daily views add the payments in each UTC day