Funding rate × price — four-quadrant map
For top perpetual futures contracts on Binance, this chart plots the current funding rate (x-axis) against the underlying spot price's 24-hour change (y-axis). Funding rate is the periodic fee exchanged between long and short traders to keep perpetual prices anchored near spot. The four quadrants describe four different market structures — none is "good" or "bad" in absolute terms.
Raw data
| Symbol | Funding rate (per 8h) | Price change last 24h | Market cap |
|---|---|---|---|
| BTC | 0.00% | +1.41% | $1621.18B |
| ETH | 0.00% | +0.41% | $287.27B |
| XRP | 0.00% | -0.41% | $86.81B |
| BNB | 0.00% | -0.25% | $84.54B |
| SOL | 0.00% | -0.08% | $48.92B |
| DOGE | 0.00% | -0.53% | $17.20B |
| ADA | 0.00% | +1.31% | $9.43B |
| LINK | 0.00% | +2.59% | $6.94B |
| AVAX | 0.00% | +0.61% | $4.03B |
| SUI | 0.00% | +0.66% | $3.79B |
What each quadrant says
- Top-right · Price up + funding positive
Longs are paying shorts. Common during euphoric rallies — leverage is being added on the long side. Historically, sustained extreme readings here have preceded local pullbacks. - Top-left · Price up + funding negative
Shorts are paying longs even though price is rising. Translates to a short squeeze in progress: shorts can't afford to keep their position open and are forced to cover, pushing price further up. Reverses violently when squeeze unwinds. - Bottom-right · Price down + funding positive
Longs still paying shorts despite falling price. Usually means longs haven't fully capitulated yet — leverage is still on the long side. Either a controlled correction with conviction holders, or a bull-trap setup. - Bottom-left · Price down + funding negative
Shorts paying longs in a falling market. Late-stage capitulation pattern — shorts piled in heavily on the way down, paying for the privilege. Historically marks local bottoms, but the timing is unpredictable.
Data sources
- Funding rate: Binance Futures latest 8-hour funding rate per perpetual.
- Price change: CoinGecko 24-hour price change for the underlying asset.
Caveats
- Funding rate is per 8-hour period on Binance. We display it directly — multiply by ~3 to estimate the daily cost / income to a leveraged trader.
- The "8-hour period funding" and "24h price" timeframes don't align perfectly. The chart is a snapshot, not a perfectly time-matched comparison.
- Some symbols have funding rates that change rapidly within a day. The chart shows the latest published value; intraday traders should look at higher-frequency feeds.
- Quadrant interpretation has historical pattern context but not certainty. Real markets often spend extended time in quadrants where "historically reverses" doesn't apply.