BTC Funding Rates: 0.0028%
A small fee that traders using borrowed money pay each other every eight hours, to keep the price of their bets glued to the real bitcoin price. Green bars mean the crowd betting on a rise is paying; red bars mean the crowd betting on a fall is paying.
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 **above** the line means the crowd is betting on a rise and paying for the privilege; red below the line means the crowd is betting on a fall. The taller the bar, the more lopsided the crowd.
For example, +0.05% every eight hours works out at about 0.15% a day, or roughly 55% a year, purely to keep that bet open — when people pay that much and the price goes nowhere, those bets have historically been forced shut in a hurry. The line on top is bitcoin's daily price, for context **only**.
The bars are the fee actually charged at each eight-hour settlement on Binance, taken exactly as published: green **above** the line for positive, red **below** for negative. The price line is bitcoin's daily closing price and plays no part in the calculation.
The fee settles every eight hours, so there is no hourly value and we **never** invent one. The price line is **one point per day**, so it is coarser than the bars — context, not a precise intraday price.
A settlement with no value shows as a gap, never as a zero.
Funding: Binance public API, settled every 8 hours, accumulated in our own warehouse. Price line: Binance daily klines — one close per UTC day (a daily context line, not an intraday price).
Binance · funding (settles every 8H) + daily BTC price context, in our warehouse