BTC: Perpetual Funding Rate Distribution (All Assets)
Shown as its 2–31 Oct 2026 sample; the latest readings and full history are included with Plus.
The spread of funding rates across every coin we cover: the 10th, 25th, 50th, 75th and 90th percentile, as 8-hour rates.
Why use it. An average hides the extremes. A wide spread means some coins are wildly crowded while others are not; a whole band pushed above zero means leverage is crowded long almost everywhere. How to read it. The middle line is the median coin. The outer lines show where the most crowded tenth of coins sit on each side.
Calculation. Per period, every coin's open-interest-weighted perpetual funding rate is sorted and the percentiles read with linear interpolation; 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.