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How to Use the Historical Funding Rate Table


Historical Funding: How to Use It

The "Cumulative Funding Rate" table (or Historical Funding) is a powerful tool for traders that allows you to analyze and compare the cumulative funding rate for a specific period across various cryptocurrency pairs on different exchanges.

1. The Basics: What Does the Table Show?

This table displays the cumulative historical funding rate for the selected period.

  • Ticker Column: This lists the trading pairs (e.g., BTCUSDT, ETHUSDC, BTCUSD). To the left of the ticker, you'll find the cryptocurrency's icon (e.g., Bitcoin, Ethereum), if available.

  • Exchange Columns: Each subsequent column corresponds to a specific exchange (Binance, Bybit, OKX, MEXC, BingX).

  • Cell Values: The number in a cell (e.g., 0.03% for BTCUSDT on Bybit) represents the cumulative funding rate for the selected period.

  • Color Highlighting: Green is used to highlight abnormally positive funding values. Red indicates pairs with abnormally negative rates. This helps you instantly identify which exchange had the highest or lowest rate for a given asset.

  • Dash (—): A dash in a cell means that data for that pair on that particular exchange is missing or unavailable.

2. Using Filters and Settings

At the top of the screen, there are tools to customize the data displayed in the table.

  • Filter by Margin Type: The "All, USDT, USDC, Coin (USD)" buttons allow you to sort the pairs. For example, if you want to see only contracts denominated in USDT (like BTC/USDT), click the corresponding button.

  • Filter by Exchanges: The "Exchanges" dropdown menu lets you select one or more specific exchanges for comparison. This helps you focus on the exchanges that are relevant to you.

  • Show Intervals: This toggle switch adds the funding rate payment interval for each pair to the table. If the time icon is absent, it means the interval for that pair is the standard 8 hours.

  • Time Period Selection: Using the 1-day, 7-day, 30-day, 60-day, and 90-day buttons, you can quickly select a standard period for analysis. If you want to set a custom time frame, simply enter the number of days (counting back from the current time) and click "OK" in the period selection field.

Practical Applications

  1. Finding the Best Exchange to Hold a Position:

    • For a long position (buy): Look for the exchange with the lowest positive or most negative rate to pay less in funding or earn extra profit from a negative rate.

    • For a short position (sell): Look for the exchange with the highest positive or least negative rate to receive higher funding payments or save on funding costs.

  2. Analyzing Market Sentiment: A consistently high positive funding rate for an asset across all exchanges can indicate a prevalence of bullish sentiment and a large number of open long positions.

  3. Identifying Arbitrage Opportunities: A significant difference in funding rates between exchanges can create opportunities for funding rate arbitrage. Use our dedicated "Funding Rate Arbitrage" tools for futures-futures and futures-spot to become a pro at cryptocurrency market arbitrage.

By using our historical funding rate table, you will always understand the dynamics of how the funding rate changes over time, which will help you avoid potential losses and even generate additional income.