Perp Funding × Carry
Funding Rate Arbitrage
USDT perpetuals printing extreme funding on Binance — long-pays-short prints flag crowded longs paying through the nose, short-pays-long prints flag squeezed shorts subsidizing the basis. Edge for cash-and-carry, basis trades, and contrarian fades.
Venue
Binance Perp
Min |Funding|
±0.05%
Funding Interval
8h
Top Rows
40
Updated —
Scanning Binance funding rates…
Positive funding (longs pay shorts): perpetual is trading above index, leveraged longs are subsidizing shorts each interval — classic cash-and-carry setup (short perp + long spot to harvest the rate).
Negative funding (shorts pay longs): perpetual is trading below index, shorts are paying to stay on. Reverse cash-and-carry (long perp + short spot) captures the rebate; extreme prints often precede short-squeeze reversals.