Funding rates, free.
Funding rate data is free on Basis for every perpetual it charts, with no account and no trial. That includes the live rate, the settlement history and the context needed to judge whether a rate is actually unusual.
What you get
- The current unsettled rate and a countdown to the next settlement
- Historical mean and median for the same contract, so a rate can be compared against its own normal
- A z-score, which answers whether the current rate is genuinely extreme or merely positive
- The proportion of settlements that were positive, and the annualised cost of holding
- The last two hundred settlements drawn as a series, and the mark-to-index basis alongside
Why this is usually paid for
Funding is published by every venue and costs nothing to read, yet it is routinely bundled into paid analytics products. What is being sold is not the number but the context: a bare rate of 0.01 percent tells you nothing without knowing what that contract normally pays.
Basis computes that context in the browser from the venue history and gives it away, because the underlying data was free to begin with and the arithmetic on top of it is not worth metering.
How to use it
- 1
Open the derivatives panel
Every perpetual chart has a derivatives dock next to it. Funding sits at the top with the live rate, and the history and statistics run underneath it.
- 2
Compare the rate to its own history, not to zero
A positive rate is normal on most perpetuals most of the time. The question is whether it is high for this contract, which is what the mean, median and z-score answer. A z-score near zero means nothing unusual is happening no matter how the raw number looks.
- 3
Read it with open interest, never alone
Funding says what positions cost, not how many there are. Rising funding with rising open interest is leverage building; rising funding with flat open interest is a smaller group paying more. Those are different situations and the panel shows both.
Questions
What does a positive funding rate actually mean?+
It means holders of long positions pay holders of short positions at the next settlement. It is the mechanism that keeps a perpetual contract tethered to spot: when longs are crowded they are charged for it, which nudges the contract price back toward the index it tracks.
How often does funding settle?+
On most venues every eight hours, though some contracts settle more frequently. The panel shows a countdown to the next settlement for the contract you are looking at, so you do not have to remember the schedule for each one separately.
Is high funding a signal to trade against the crowd?+
Not on its own. Funding stays elevated for the whole of a strong trend, and fading it early is one of the more expensive habits in perpetual trading. It is better read as a measure of how much a position costs to hold than as a timing signal in either direction.
Which venues are covered?+
Funding is shown for the perpetual contracts Basis charts, across the exchanges it connects to. The rate always comes from the venue you have selected rather than being averaged across venues, because contracts on different exchanges genuinely pay different rates.
Open it and see
The chart opens with this already turned on. Nothing to configure, nothing to sign up for.
Open the chartAlso free
Updated 2026-08-23 · Indicator reference · Documentation · Terminal