Crypto Funding Rate Heatmap
As of 2026-10-03 04:13 UTC, 1158 of 1732 funding rates across the 80 most traded perpetuals are positive, so longs pay shorts on 67% of these markets. The highest is QNT on Crypto.com at +0.3710% per 8 hours, and the lowest is SAND on XT.COM at -3.0952%.
Funding by coin and exchange
LiveAs of · refreshes every 30 s
Top coins, last 14 days
The same coins over time: each cell is a coin’s funding for one UTC day, averaged across its exchanges. The market dashboard has the daily market calendar.
| Coin | FriOct 2 | SatOct 3 |
|---|---|---|
| Markettop 20 | -0.031 | -0.059 |
| BTC | +0.005 | +0.003 |
| ETH | +0.005 | +0.004 |
| SOL | +0.003 | 0.000 |
| ZEC | +0.018 | +0.019 |
| XRP | +0.006 | +0.001 |
| XAU | +0.026 | +0.003 |
| HYPE | +0.003 | +0.010 |
| SOXL | -0.010 | -0.002 |
| SAND | -0.693 | -1.229 |
| SNDK | +0.009 | +0.011 |
| PEPE | -0.009 | -0.007 |
| DOGE | +0.007 | +0.005 |
| QNT | -0.033 | -0.023 |
| SPCX | 0.000 | -0.001 |
| CL | -0.001 | -0.007 |
| NEAR | +0.011 | +0.010 |
| XAG | +0.018 | +0.006 |
| WLD | +0.010 | +0.006 |
| SUI | +0.005 | +0.009 |
| ADA | +0.003 | +0.003 |
How to read the heatmap
Rows are the most traded perpetual futures by 24-hour volume, columns are exchanges, most-listed first. Every figure is that market’s funding rate in percent per 8 hours: +0.010 means longs pay shorts 0.010% of their position every 8 hours. A dot means the coin is not listed there.
A column that is greener than its neighbours is an exchange where longs are more crowded. A row that runs from red to deep green is a coin the market disagrees about, which is where funding rate arbitrage starts. Switch to the 24-hour or 7-day average to see whether a color has lasted or is a spike, and open any cell for that market’s history.
Frequently asked questions
- What does the funding rate heatmap show?
- Each cell is the funding rate of one coin on one exchange, converted to 8 hours so hourly and 8-hour venues compare directly. Green cells mean longs pay shorts, red cells mean shorts pay longs, and the deeper the color, the larger the rate.
- Why convert funding rates to 8 hours?
- Exchanges pay funding every 1, 4 or 8 hours, so their raw rates are not comparable. Rate ÷ interval hours × 8 puts every market on the 8-hour scale most exchanges quote. Hover or focus a cell to see the rate exactly as the exchange quotes it.
- What is a normal funding rate?
- On most exchanges the default is 0.01% per 8 hours, which is why calm markets look pale green across the map. Rates far above that mean longs are crowded and paying heavily; negative rates mean shorts are paying.
- How do I use the heatmap for funding rate arbitrage?
- Look for rows where one exchange is deep green and another is pale or red: going long where funding is lowest and short where it is highest collects the difference. The funding rate scanner prices that trade for your balance after fees and slippage.