Highest & Lowest Funding Rates

Highest & Lowest Funding Rates: Spot Extreme Rates Instantly

Sharpe ranks every tracked perpetual futures pair by its current funding rate across all major exchanges. Instead of checking rates coin by coin, this view surfaces the most extreme positive and negative funding rates in a single sortable list. Positive rates at the top mean longs are paying shorts heavily, often a sign of overleveraged bullish positioning. Negative rates at the bottom mean shorts are paying longs, indicating crowded bearish bets. It's the fastest way to scan for funding rate opportunities across the entire crypto derivatives market.

How Traders Use the Highest & Lowest View

Funding rate arbitrageurs sort by rate to find pairs with extreme funding, then construct delta-neutral positions to harvest the funding payments. Directional traders use the ranked view as a sentiment gauge: when many coins show extreme positive funding, the market may be overheated. Market makers monitor sudden rate spikes that signal short-term supply-demand imbalances. The view covers Binance, Bybit, OKX, Deribit, Hyperliquid, and more, so you can compare rates across venues for the same asset.

Frequently Asked Questions

What is a funding rate leaderboard?

A funding rate leaderboard ranks all perpetual futures trading pairs by their current funding rate. It lets you instantly see which pairs have the highest positive rates (longs paying shorts) and the lowest negative rates (shorts paying longs) across all supported exchanges in one view.

How can I find funding rate arbitrage opportunities?

Sort the leaderboard by rate to find pairs with extreme funding. A coin with a very high positive rate on one exchange and a lower rate on another presents a cross-exchange funding arbitrage opportunity. You can go short on the high-rate exchange and long on the low-rate exchange to capture the differential.

Why do some coins have extremely high funding rates?

Extreme funding rates occur when positioning is heavily skewed in one direction. For example, during a rally, many traders pile into long positions on perpetual futures, pushing the funding rate very high as the mechanism tries to rebalance the market toward the spot price. Low-liquidity altcoins are especially prone to extreme rates.

How often does the funding rate leaderboard update?

The leaderboard updates in near real-time as new funding rate data is collected from exchanges. Most exchanges settle funding every 8 hours (Binance, Bybit, OKX) while some like Hyperliquid settle hourly. The displayed rates reflect the most recent settlement or predicted next rate depending on the exchange.

What's the highest funding rate today?

The highest funding rate is dynamic — it rotates throughout the day as positioning shifts. Sharpe's highest-lowest view ranks all 5,000+ tracked perpetual pairs by current annualized APR, so the top of the list is always today's highest funding rate. Extreme positive rates (above ~50% APR) typically appear on momentum-driven altcoins where overleveraged longs concentrate during a rally.

What's the lowest (most negative) funding rate today?

The lowest funding rate at any moment is the deepest negative APR across all tracked perpetual pairs. Persistent deep-negative funding (below -30% APR) is one of the cleanest structural signals in crypto derivatives — shorts paying longs heavily often pre-dates short squeezes by days. Sharpe's bottom of the leaderboard surfaces this in a single sortable view.

How does Sharpe rank funding rates on this view?

Pairs are sorted by current annualized APR (descending for highest, ascending for lowest), normalizing across exchanges that settle every 1, 4, or 8 hours. The leaderboard auto-filters out illiquid pairs with thin open interest so a thin-book outlier rate doesn't dominate the top of the list. Each row shows the rate, APR, and the exchange so you can act on the ranking immediately.