Funding Tracker Documentation

Terminalfunding tracker

What it shows

Funding Tracker follows the symbol currently selected on the chart and displays:

Current funding rate — color-coded by sign (green for positive, red for negative).
Predicted next rate — the estimated rate for the upcoming funding settlement.
Countdown — time remaining until the next funding settlement (HH:MM:SS).
History chart — an area chart of past funding prints, plotting positive values above zero (green) and negative values below (red).

This widget answers:

What premium is the perpetual-futures crowd paying right now, what will they pay next, and how has this pressure evolved recently?

How to read it

Positive funding: Longs pay shorts. Indicates a crowded long side.
Negative funding: Shorts pay longs. Indicates a crowded short side.
Rising magnitude: Positioning is becoming increasingly lopsided.
Predicted vs current divergence: The next settlement will drift toward the predicted value as new trades execute.
Countdown nearing zero: The displayed predicted rate closely aligns with the final settlement value.

Window toggle

The header toggle switches between two historical ranges:

24H — last 24 hours of funding settlements (3 prints on 8h-interval exchanges like Binance).
7D — last 7 days (~21 prints).

Switching the window instantly refreshes the historical chart without interrupting the live rate tick.

Data source

The widget merges two data streams:

Historical Actuals: Past realized funding settlements retrieved from the database.
Live Tick: The real-time predicted next funding rate, mark price, and countdown to settlement.

When to use it

Pair funding data with Open Interest and price action:

Rising price + rising funding → heavy long crowding; momentum remains trend-following.
Flat price + extreme funding → positioning is stretched; high mean-reversion risk.
Strongly negative funding + rising open interest → crowded shorts; high short-squeeze probability.

Limitations

The live tick originates from the Binance markPrice@1s stream. For non-Binance exchanges, historical data is accurate, but the live tick relies on SSE updates.
Funding alone is not an entry signal; use it to read positioning context alongside order flow and market structure.
Actual funding settles only at the exact interval boundary. Between settlements, the displayed "current" value is a drifting estimate.

What it shows

Funding Tracker follows the symbol currently selected on the chart and displays:

Current funding rate — color-coded by sign (green for positive, red for negative).

Predicted next rate — the estimated rate for the upcoming funding settlement.

Countdown — time remaining until the next funding settlement (HH:MM:SS).

History chart — an area chart of past funding prints, plotting positive values above zero (green) and negative values below (red).

This widget answers:

What premium is the perpetual-futures crowd paying right now, what will they pay next, and how has this pressure evolved recently?

How to read it

Positive funding: Longs pay shorts. Indicates a crowded long side.

Negative funding: Shorts pay longs. Indicates a crowded short side.

Rising magnitude: Positioning is becoming increasingly lopsided.

Predicted vs current divergence: The next settlement will drift toward the predicted value as new trades execute.

Countdown nearing zero: The displayed predicted rate closely aligns with the final settlement value.

When to use it

Pair funding data with Open Interest and price action:

Rising price + rising funding → heavy long crowding; momentum remains trend-following.

Flat price + extreme funding → positioning is stretched; high mean-reversion risk.

Strongly negative funding + rising open interest → crowded shorts; high short-squeeze probability.

Limitations

The live tick originates from the Binance markPrice@1s stream. For non-Binance exchanges, historical data is accurate, but the live tick relies on SSE updates.

Funding alone is not an entry signal; use it to read positioning context alongside order flow and market structure.

Actual funding settles only at the exact interval boundary. Between settlements, the displayed "current" value is a drifting estimate.