Who pays whom on Binance · funding

On a perpetual (a bet on price with no expiry) one side pays the other every eight hours. Above zero longs pay, below zero shorts pay. Daily average of the three prints. Inside the day (Tape windows) this page draws the rate Binance quotes for its next settlement, read every 5 seconds — not the settled 8-hour print. Line = 30-day average.

+0.008% BTC on Oct-25 2026, the last day in this build, read from the venue's record, published by askthetape.com.

For everyone

On a perpetual contract nobody delivers a coin, so every eight hours one side pays the other to keep the contract's price near the real one. When longs pay, the number is positive. We show the day's average of the three prints, in percent per eight hours.

For the pro

legBinance USDT-margined perpetual funding prints, BTC and ETH
cadence3 prints a day, shown as a daily mean; raw 8h prints kept
since2020-01-01
this builddata to Oct-25 2026
policyno backfill · no export · read it here · read on the site · not exported: this page is drawn from someone else's archive

The chart itself is drawn in the browser: turn JavaScript on to hover a day, pick a window and draw your line. The numbers above come from the last build, Oct-26 2026 08:25Z.

What the tape says today · what's new · all 111 metrics

built 08:25Z
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