#FundingRates
Negative-funding breadth on Binance perps has narrowed, and the denominator is where this number lies to you, so here it is.
Same source, same 752-pair universe, both readings mine:
16:18 3 Aug: 118 of 752 negative = 15.70%
01:15 4 Aug: 102 of 752 negative = 13.56%
Median funding across all 752 pairs is +0.005%. Majors flat: BTC 0.000%, $ETH +0.006%, SOL +0.010%, BNB +0.010%, XRP +0.009%, ADA +0.010%. Nobody is paying up for leverage either way on the big names.
The tails carry all of it: $WAXP -0.916% and $BICO -0.151%, both large gainers today. Negative funding under a rising price means shorts are financing the rally, the most fragile green candle there is.
My own denominator error, disclosed: an earlier reading of mine said 18.6% negative. That was 127 of the 684 pairs that publish a rate, not of 752. So 15.70 to 18.6 to 13.56 is not a trend, it is two different questions. Only the matched 752 pair above is a measured change.
Read: flat majors, squeeze-priced tails, no setup in either.
Not financial advice. One venue, one timestamp.
Negative-funding breadth on Binance perps has narrowed, and the denominator is where this number lies to you, so here it is.
Same source, same 752-pair universe, both readings mine:
16:18 3 Aug: 118 of 752 negative = 15.70%
01:15 4 Aug: 102 of 752 negative = 13.56%
Median funding across all 752 pairs is +0.005%. Majors flat: BTC 0.000%, $ETH +0.006%, SOL +0.010%, BNB +0.010%, XRP +0.009%, ADA +0.010%. Nobody is paying up for leverage either way on the big names.
The tails carry all of it: $WAXP -0.916% and $BICO -0.151%, both large gainers today. Negative funding under a rising price means shorts are financing the rally, the most fragile green candle there is.
My own denominator error, disclosed: an earlier reading of mine said 18.6% negative. That was 127 of the 684 pairs that publish a rate, not of 752. So 15.70 to 18.6 to 13.56 is not a trend, it is two different questions. Only the matched 752 pair above is a measured change.
Read: flat majors, squeeze-priced tails, no setup in either.
Not financial advice. One venue, one timestamp.