ETH: Futures Funding Paid
Shown as its 2–31 Oct 2026 sample; the latest readings and full history are included with Plus.
Funding paid between ETH perpetual longs and shorts in each period, in USD, by venue: positive when longs paid shorts, negative when shorts paid longs.
Why use it. Funding is the running cost of holding a perpetual. Heavy payments by longs mean leveraged demand is one-sided and expensive to keep open; when they persist they often come before long liquidations or a cooling-off, and payments flowing from shorts to longs show bearish crowding. How to read it. Above zero, longs paid; below zero, shorts paid. Each venue's part shows where the money changed hands; the summary value is the net over every venue. The open hour and the open day are partials until their settlements are in.
Calculation. For every settlement of a perpetual's funding in the period: the settled rate as the venue published it (for the interval that settlement covers) x the contract's open interest in USD at the settlement, from our last minute sample at or before it and at most ten minutes old (one side of the positions; linear contracts at the mark price, inverse contracts at their USD face value). A settlement without such a sample is left out. A positive rate means longs paid shorts. Deribit is left out because from 10 November 2026 it publishes its open interest eight hours late; Bitfinex because we do not hold its settlement record; Kraken's inverse perpetuals because the relative rate published for them is not on the scale of a rate per settlement. Summed per venue and over the period. Source: our own minute-by-minute collection of public futures data from Binance, Bybit, OKX, Bitget, Gate, Hyperliquid, KuCoin, HTX, Crypto.com, Kraken and Coinbase. Open interest counts one side of each position (Hyperliquid and Bybit publish both sides, which we halve). Coinbase's figures come from Coinbase Derivatives, Coinbase's US futures exchange: its nano perp-style futures (hourly funding) and monthly futures, converted from contracts at each contract's size, from 23 October 2026. The settled rates come from each venue's public funding-rate history of the same contracts. Venues we do not collect are not included, so totals understate the whole market. History starts when our collection began on 14 October 2026; no earlier values are reconstructed.