Funding Heatmap

See funding rates across every perpetual futures contract at once — find where the market is most leveraged.

What is Funding Heatmap?

Funding Heatmap displays perpetual futures funding rates for all coins in a single color-coded grid. Funding rates are periodic payments between long and short traders that keep perpetual futures prices aligned with spot. When the rate is positive, longs pay shorts. When negative, shorts pay longs. This mechanism reveals which side of the market is willing to pay a premium to hold their position.

Viewing funding rates across the entire market simultaneously reveals sentiment patterns that are invisible when checking individual coins. You can instantly see if the whole market is skewed bullish (widespread positive funding), bearish (widespread negative funding), or mixed. You can also spot individual outliers — coins with extreme funding rates that may be ripe for a squeeze.

Funding rates are one of the best crowd-positioning indicators in crypto. Extreme funding often precedes sharp reversals as overleveraged positions become expensive to maintain and eventually unwind.

Key Concepts

• Positive Funding: Longs pay shorts — indicates bullish crowd bias and demand for long exposure
• Negative Funding: Shorts pay longs — indicates bearish crowd bias and demand for short exposure
• Extreme Funding: Rates significantly above or below normal levels — suggests overleveraged positioning
• Funding Divergence: When a coin’s funding rate moves opposite to the broader market, it signals unique positioning in that asset

How to Use Funding Heatmap

1. Open Funding Heatmap from the sidebar under Analysis Tools
2. The grid loads with all perpetual futures contracts, color-coded by current funding rate
3. Hot colors indicate high positive funding (bullish bias), cool colors indicate negative funding (bearish bias)
4. Look for extremes — the most intensely colored tiles represent the most one-sided positioning
5. Compare individual coin funding to the overall market average to find divergences

What to Look For

• Bullish signals: Widespread negative funding rates across the market suggest the crowd is positioned short — often a contrarian bullish signal. Individual coins with extremely negative funding while price is holding steady may be primed for a short squeeze.
• Bearish signals: Widespread highly positive funding means longs are paying heavy premiums. When most coins show extreme positive funding, the market is overleveraged to the upside and vulnerable to a flush.
• Key patterns: Watch for funding rate resets after extreme readings — these often coincide with sharp price moves. Coins that maintain extreme funding for extended periods eventually see violent unwinds.
• Combine with: Live Liquidations to see if extreme funding is translating into actual liquidations, Visual Screener for OI context, Market Overview for deep-dives on specific outliers

Supported Exchanges

Tips

• Extreme funding alone is not a trading signal — it indicates crowded positioning, but the crowd can stay crowded for longer than expected
• The most actionable setups occur when extreme funding aligns with other signals: key price levels, liquidation clusters, or order flow divergences
• Funding Heatmap is excellent for finding coins you should NOT trade in a certain direction — if funding is extremely positive, going long means paying to hold and fighting crowded positioning