DATA / ORCA / FUNDING RATE

ORCA Funding Rate

Free ORCA funding rate history: current rate, annualized APY, archive extremes. Continuous archive, no paywall.

Percentile vs own historyP20 · Normal
Current-0.09%
Annualized-93.26%
24h change+0.00%
7d change-0.09%
Archive low-0.54%
Archive high+0.01%
Archive depth141 days · grows daily

Funding Rate

Funding is the periodic payment between longs and shorts that keeps the perpetual price tied to spot. Persistent positive funding = crowded longs paying shorts; deeply negative funding = crowded shorts. Extremes often precede squeezes.

What happened after past extremes

This coin · top-10% entriesLast 6 entries → next 24h: median +3.60%, 67% closed higher
This coin · bottom-10% entriesLast 5 entries → next 24h: median +0.24%, 80% closed higher
All 50 coins pooled · top-10%Last 1158 entries → next 24h: median +0.08%, 51% closed higher
All 50 coins pooled · bottom-10%Last 1116 entries → next 24h: median +0.05%, 51% closed higher

Computed from our own archive · event-study method: non-overlapping entries into the tail bucket, forward 24h price return

Public APIs cap OI/LSR history at 30 days. We log continuously: this archive deepens every day and cannot be reconstructed retroactively.

More · ORCA
ORCA Open InterestORCA Long/Short RatioORCA Liquidations
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FAQ

What is a funding rate?

The funding rate is a periodic payment between long and short perpetual futures holders that keeps the contract price anchored to spot. Positive = longs pay shorts.

What is a high funding rate?

Sustained rates above ~0.05% per 8h (≈55% APY) signal heavily crowded longs and often precede corrections or squeezes.

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