Funding Rate
Periodic payment between perpetual futures longs and shorts that keeps the contract tethered to spot.
On perpetual futures (perps) there is no expiry, so instead of delivery the exchange forces a periodic transfer between the two sides to anchor the contract price to the spot index. Binance pays funding every 8h at 00:00, 08:00, and 16:00 UTC. A positive rate means longs pay shorts (perp is trading at a premium). Negative means shorts pay longs (perp at discount). Extreme rates signal crowded positioning and typically mean-revert. We track this live on the funding heatmap and combine it with open-interest delta to produce the Pressure Score.
See it live on ByKaranteli
Other terms
Open Interest
Total notional value of all open futures positions at a given moment....
BasisPrice gap between a futures contract and its underlying spot index....
LiquidationForced closure of a leveraged position when its margin is exhausted....
Profit FactorRatio of gross winning trades to gross losing trades. Above 1 means the strategy...
Win RatePercentage of trades that closed profitably....
Basis Points (bps)1 basis point = 0.01%. We use bps as the canonical unit for signal net return....