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BNBperpetual futures
Funding is the periodic payment exchanged between long and short perpetual positions. A high 90-day percentile means funding for BNB is elevated versus its own recent norm — often a sign of crowded longs and a higher chance of a long squeeze.
Funding history
Jade above the zero line: longs pay shorts. Clay below: shorts pay longs.
BNB across exchanges
| Exchange | Funding APR | Open interest | OI share |
|---|---|---|---|
B Bybit | -5.66% | $82.83M | 51% |
B Bitget | +5.47% | $44.51M | 27% |
O OKX | +4.64% | $36.22M | 22% |
Funding annualized per venue interval; open interest is the latest reading per exchange.
Interpretation
BNB's derivatives market shows benign positioning with minimal leverage stress. Open interest stands at $499.6M, expanding modestly with +1.7% over the past twenty-four hours and +1.9% across the seven-day window. The aggregated funding rate of 3.58% is moderately positive, sitting at the 48th percentile of its recent ninety-day range—a neutral reading that suggests neither crowded longs nor shorts dominate the market at this moment.
The leverage risk score of 3 reflects a fundamentally stable environment with low fragility. This low-stress backdrop is reinforced by the liquidation imbalance of +1.00, indicating that longs experienced notably more liquidations than shorts over the last twenty-four hours. Such imbalance, combined with modest open-interest growth, suggests the market is absorbing leverage changes in an orderly fashion without the clustering of positions typical of stretched markets.
BNB's perpetual-futures landscape presents neither acute risk nor extraordinary opportunity from a structural standpoint. The combination of middling funding, minimal leverage accumulation, and balanced liquidation mechanics indicates a market in equilibrium, free from the extremes that often precede significant dislocations.
FAQ
What is the funding rate for BNB right now?
As of the latest reading, BNB aggregated funding is +0.37% annualized, at the 35th percentile of its own last 90 days. Funding is a recurring payment between long and short BNB perpetual holders that keeps the contract price anchored to spot: positive means longs pay shorts, negative means shorts pay longs.
What does a high funding percentile mean?
It means current BNB funding is high versus its own last 90 days — usually a sign of crowded long positioning, which can precede a long squeeze if price turns.
How is aggregated funding calculated?
Each exchange's rate is annualized (accounting for 4h vs 8h intervals), then averaged weighted by open interest across Binance, Bybit, OKX and Bitget. See the methodology page for the exact formula.
Related coins
Funding extremes, OI surges and liquidation cascades — pushed the moment the data moves.
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Plain-English guides to every metric we track.
Quick definitions for derivatives terms.
Exactly how each number is computed.