Convert perpetual futures funding rates to annualized returns. See what you're paying or earning on perpetual swaps.
%
$
⚠️High Funding Rate
Annualized Rate
0%
Daily Rate
0%
Monthly Rate
0%
Cost Per $1,000 Position
Per Day$0.00
Per Week$0.00
Per Month (30 days)$0.00
Your Position Cost
Position Size$0
Cost Per Day$0.00
Cost Per Week$0.00
Cost Per Month (30 days)$0.00
Historical Context
Normal Range
0.01% - 0.03%
High (Bullish)
0.05% - 0.10%
Extreme (Caution)
>0.15%
Negative (Bearish)
<-0.01%
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What is Perpetual Futures Funding Rate?
Funding rates are periodic payments between long and short positions on perpetual futures contracts. Unlike traditional futures, perpetual swaps don't expire, so funding rates keep the contract price anchored to the spot price.
When the funding rate is positive, long positions pay shorts. When it's negative, shorts pay longs. The rate is typically paid every 8 hours (3 times per day) on most exchanges.
Why it matters:
High positive funding means longs are expensive to hold (bullish sentiment)
High negative funding means shorts are expensive to hold (bearish sentiment)
Extreme funding rates can signal overleveraged markets and potential reversals
Funding arbitrage strategies profit from rate differences across exchanges
Most traders don't realize how much funding fees cost them over time. A 0.05% funding rate (3x daily) equals 54.75% APY — that's more than most people make trading.