Funding Rate Coin Explorer

Deep Dive into Per-Coin Funding Rates

The Coin Explorer lets you select any individual cryptocurrency and compare its perpetual futures funding rate across every supported exchange side by side. Instead of switching between exchange UIs, you get a unified view of how each venue prices the funding for the same asset. This reveals cross-exchange divergences that are invisible when looking at a single exchange. Historical charts show how the funding rate has evolved over time, making it easy to spot periods of extreme positioning, mean-reversion opportunities, and structural changes in derivatives market sentiment for that specific coin.

Cross-Exchange Comparison for Smarter Execution

Different exchanges can show materially different funding rates for the same coin at the same time. These divergences arise from differences in trader composition, leverage limits, open interest concentration, and rate calculation methodology. The Coin Explorer visualizes these differences so carry traders can pick the exchange offering the best yield, arbitrageurs can identify cross-exchange spreads, and directional traders can choose the cheapest venue to express their view. Sharpe Terminal covers 13 exchanges including Binance, Bybit, OKX, Deribit, Hyperliquid, Gate, HTX, Bitget, and more.

Historical Funding Rate Analysis

Beyond real-time rates, the Coin Explorer provides historical funding rate charts that reveal long-term patterns for any coin. You can see how funding behaved during previous rallies, corrections, and range-bound markets. This historical context helps traders calibrate whether a current funding rate is genuinely extreme or within normal bounds for that particular asset, improving decision-making for both carry trades and directional bets.

Frequently Asked Questions

How do I compare funding rates for one coin across exchanges?

Select your coin in the Coin Explorer search bar. The tool automatically pulls the current and historical funding rates from all exchanges that list that coin's perpetual future, displaying them in a single comparative chart so you can see rate differences at a glance.

Why do funding rates differ between exchanges for the same coin?

Funding rates differ because each exchange has its own trader base, open interest composition, leverage limits, and rate calculation formula. An exchange with more retail longs will tend to show higher positive funding than one dominated by institutional market makers. These structural differences create persistent cross-exchange spreads.

Can I see historical funding rates for a specific coin?

Yes. The Coin Explorer includes a historical funding rate chart that shows how the rate has evolved over time for your selected coin on each exchange. You can adjust the timeframe to analyze short-term spikes or long-term trends in derivatives positioning.

How can I use per-coin funding data for arbitrage?

When the Coin Explorer shows a large funding rate divergence between two exchanges for the same coin, you can go short on the exchange with the higher rate and long on the exchange with the lower rate. The funding differential is your profit, assuming you manage the basis risk between venues.