BTC: Perpetual Funding Rate (All Assets)
Shown as its 2–31 Oct 2026 sample; the latest readings and full history are included with Plus.
Funding across every coin's perpetual swaps we cover, as an 8-hour rate: weighted by open interest, and the simple average of the coins.
Why use it. The market-wide price of leverage. When both lines run high, longs everywhere are paying to stay in; when the simple average runs above the weighted one, the froth sits in smaller coins. How to read it. Positive funding means longs pay shorts. 0.01% per 8 hours is a common baseline; much higher means crowded longs, negative means crowded shorts.
Calculation. Each coin's funding is its own open-interest-weighted perpetual funding rate (its Futures Perpetual Funding Rate chart). Weighted: the coins averaged by their perpetual open interest in USD; average: every coin counts once. Source: our own minute-by-minute collection of public futures data across every coin with perpetual futures that CryptoKeyhole covers, from Binance, Bybit, OKX, Deribit, Kraken, Bitfinex, Bitget, Gate, Hyperliquid, KuCoin, HTX, Crypto.com and Coinbase (open interest, funding, and the public liquidation feeds we collect), and our own USD price indexes. Each coin counts with the same values its own charts show. The series start on 24 October 2026, the first day our collection held every coin's open interest, funding, liquidations and price; a coin added later joins on the day its collection begins. A period appears once nine in ten of the coins have published it, so the open hour can trail by a few minutes. Venues we do not collect are not included, so totals understate the whole market.