As part of Binances exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT), Binance CEO, Changpeng Zhao (also known as CZ) wrote in a Twitter thread. Every exchange has its own way of calculating and applying unique funding rates. Live Bitcoin Derivatives Charts | LookIntoBitcoin Bitcoin Bloodbath: Market Volatility Sparks Panic, Wipes Out $1 Billion The Bitcoin Yardstick continues to edge further into its "cheap" zone this month, having seen rare lows. Also depending on volatility and according to Premium index and interest rate the predicted rate fluctuates until the previous funding is settled. Perpetual Futures Funding Rates across Crypto Exchanges - Matthew Palmer It is a fee that is exchanged directly between longs and shorts. Is there a problem with this press release? Bitcoin reverses lower after briefly topping $30,000 again - CNBC However, over the past seven days, Bitcoin has suffered losses of about 9%. If the rate is negative, then shorts pay longs. Conversely, a negative funding rate indicates that perpetual prices are below the mark price, which means that short positions pay for longs. A classic counter-perspective came from fellow trader Il Capo of Crypto, who argued that $21,500 will mark the high point in a downtrend set to continue. Funding Interval. We're grateful to those who stay; and when this blows over we'll welcome everyone else back, he wrote in one optimistic post to followers overnight. Therefore, depending on open positions, traders will either pay or receive funding. Let us assume the funding rate is 0.01% and you are long 20 BTC. This is due to restrictive transitions between spot and futures markets. The below is an oversimplification but we can generally say: Positive funding rate = traders are typically taking long positions and are overall bullish expecting price to move higher. Similar to Bybit, Binance Futures also displays the funding rate at the top. U.S. stock futures steady after First Republic Bank becomes fourth U.S. lender to fail this year, Is a recession coming? Highly positive funding rates suggest that the market expects BTC/USD to go higher and traders are paying for the privilege to go increasingly long BTC. Binance calculates the Premium Index every 5 seconds (12 premium index data points in a minute). The funding rates are applied periodically and on most exchanges it is charged three times a day (8 hour intervals). Here is how you can find funding and predicated rates on some most popular derivatives exchange. So unlike traditional futures contracts, you can hold them indefinitely. Thus, inefficiencies are eliminated quickly. BTC Aggregated Funding Rate Chart: Date Range 20:17:55 (UTC) log auto BTC/USD Average 1h Coinalyze O n/a H n/a L n/a C n/a n/a (n/a%) 1 h Indicators Save 1 h Indicators Save 1 h Save You can find here aggregated funding rate global (all coins) also. You can use our Satoshi to USD converter toolto know the value of Satoshi. Funding rate is calculated by the exchange and it varies over time on each exchange.