Funding shows which side of the market is crowded. The heatmap lays out the funding rate of every coin over time, so a squeeze setup stands out before it plays out.
Free previewThe 10 largest coins over 24 hours and 3 days. Every coin, exchange and timeframe is in Pro.
Upgrade to ProPerpetual futures pay funding between longs and shorts to keep the contract close to spot. A positive rate means longs pay shorts, a negative rate means shorts pay longs, and the size of the rate shows how one-sided the market is.
Looking at one coin at a time hides the bigger picture. The heatmap puts the most traded perpetuals next to each other on the same 8 hour grid, so you can see whether the whole market is leaning one way or a single coin is overheating.
A coin that stays deep in one color for days has one side paying to stay in. That is where squeezes come from.
When most rows turn the same color at once, the whole market is leaning one way. A sudden flip shows sentiment changing.
The annualized rate next to each coin shows what a position costs, or earns, if funding stays where it is.
Perpetual futures have no expiry, so exchanges keep their price close to spot with a funding payment between longs and shorts. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. Most coins settle every 8 hours, some every 4 hours or every hour.
Each row is a coin and each column an 8 hour period. The color shows the funding rate in that period, so you can see at a glance which coins are crowded on one side and how long that has lasted. Coins that settle more often are aggregated to the same 8 hour grid.
Funding is a read on positioning. Persistently high positive funding means longs are crowded and paying to stay in, which can set up a long squeeze. Deeply negative funding means shorts are crowded, which can fuel a short squeeze. Funding alone is not a signal, but it shows who is under pressure.
Funding history comes from Binance USDT perpetual futures. The free preview shows the largest coins; Pro shows the 50 most traded perpetuals by 24 hour volume. The annualized rate next to each coin assumes three settlements a day.
The live heatmap on this page is free for the 10 largest coins over 24 hours and 3 days, and you do not need an account. The top 50 coins, up to 30 days of history and every other Pro tool are part of Pro at $69/month or $745/year.
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