funding rate

Most recent Binance perpetual funding rate known at the bucket.

Observed: the venue value last published before that minute
Unit: rate
Valid range: -0.05 to 0.05

In plain English

The latest observed signed perpetual funding rate known at the research minute. Positive funding means longs pay shorts; negative funding reverses that direction.

How to read it

This is a raw rate fraction: 0.0001 means 0.01%, not 0.0001%. If applied at settlement to $10,000 of position notional, that rate corresponds to $1. Larger absolute values imply larger payments per unit of notional for that settlement interval. The value holds from the last funding observation and is absent before the first one.

Why a researcher might use it

Separate positive, near-zero and negative funding conditions when comparing recorded outcomes. Compare payment magnitudes only with the relevant contract's settlement interval in view.

What it does not prove

The snapshot is not an annualized yield, a guaranteed next settlement rate or a record of your payments. Funding intervals can vary. Its sign does not count long and short traders or prove that price will reverse.

Use in Research

Technical details

Field ID

feature.funding_rate

Valid query operators

at least, at most, between

Window operators: lowest, highest, average, latest or change in, over a trailing window.

Editable query preset

This preset is derived from the valid range. Edit it before running the search.

{
  "schema_version": "research_query.v2",
  "normalization_version": "archive_normalization.v1",
  "feature_version": "feature_defs.v1",
  "target": "record_occurrences",
  "where": {
    "all": [
      [
        "feature.funding_rate",
        "gte",
        0.025
      ],
      [
        "times.anchor_time",
        "gte",
        "2025-07-15T00:00:00.000Z"
      ]
    ]
  },
  "sort": [
    "times.anchor_time",
    "desc"
  ],
  "page": {
    "limit": 5,
    "cursor": null
  }
}

The search reports how often the record held this condition and what followed. It does not decide whether an idea works.