Funding Rate
Periodic payment between long and short perpetual holders that keeps perp price tethered to spot.
On Binance USDT-M Perpetuals, funding settles every 8 hours. When the perp trades at a premium to spot, longs pay shorts (positive funding). When it trades at a discount, shorts pay longs (negative funding).
Persistently positive funding signals crowded long positioning — fragile to a leverage flush. Persistently negative funding signals crowded shorts — vulnerable to a short squeeze.
JR TradeHub surfaces the top six perps by funding magnitude, sortable by direction, with a live countdown to the next funding settlement.