Bottom line: The funding rates for FIL futures on the two major platforms are pointing in opposite directions. Shorts are paying on Binance, while longs are paying on OKX. Looking at just one platform can easily give you the wrong idea about the direction.
The latest Binance funding rate is about -0.0087%, equivalent to an annualized rate of about -9.5% based on 8-hour settlements. The negative sign means shorts pay longs. On OKX, it's about +0.0010%, or about +1.1% annualized, which means longs pay shorts. The difference isn't just in the numbers—the paying side is completely opposite, too.
$FIL
Looking at FIL now, which side's funding rate is more useful as a reference?
View in real time: https://www.coinboss.com/funding-rate