Bitcoin Price vs Funding Rates

Aggregated BTCUSDT perpetual funding rate (Coinalyze) vs BTC spot.

This chart compares Bitcoin’s spot price with the aggregated funding rate of BTCUSDT perpetual futures (across major exchanges) from Coinalyze. Positive funding means longs pay shorts, indicating long-biased positioning; negative funding means shorts pay longs.

Sustained high positive funding often signals crowded long positions and elevated liquidation risk on downside moves, while deeply negative funding can mark periods of short crowding and potential short squeezes.

Use the duration buttons to see how funding behavior has aligned with major BTC market tops, bottoms, and consolidation phases over multi-month and multi-year cycles.