DYORLearn hubBlog
Home / Learn hub / Derivatives

AGG. FUNDING

6 min · DYOR Education
PROOTHER · Market
Goal

Understand AGG. FUNDING — how many coins in the market fall into each of the four rate categories.

AGG. FUNDING: how many coins in the market fall into each funding rate category
AGG. FUNDING: how many coins in the market fall into each funding rate category
What it shows

Funding across the whole market. All coins are sorted into four rate categories. Each category gets a line showing how many coins are in it.

The reference point is the Binance base rate: 0.01% per 8 hours. Categories:

  • Standard — exactly 0.01%. The future is at spot, nobody is pushing anyone.
  • Higher — above 0.01%. The future is above spot, longs pay an elevated rate.
  • Lower — from 0 up to 0.01%, not inclusive. Longs pay less than the base rate or nothing. Usually this is the largest group: many coins sit at 0.005% or zero.
  • Negative — below 0. The future is below spot, shorts pay.

All coins with Binance futures are counted, about 740. Units — number of coins or percent of the market.

Negative< 0Lower0 to 0.01%Higher> 0.01%00.01% baseStandard = exactly 0.01%a typical day across the market (≈740 coins with futures):Negative44Lower539Standard68Higher91
The indicator draws four lines — how many coins are in each category. Watch how the lines move, not their level.
What it's for

See who holds the leverage across the whole market at once, not on one coin. Watch not the number but how it moves: the usual level is known, and a deviation from it is an event.

For example.

  • A typical day: Lower ≈ 540, Higher ≈ 90, Standard ≈ 70, Negative ≈ 45. Most coins pay less than the base rate. Leverage is not moving the market.
  • Higher rose from 90 to 200. Now on every fourth coin longs pay more than the base rate. Buyers hold the leverage across the market.
  • Negative rose from 45 to 200. On every fourth coin shorts pay. Sellers hold the leverage across the market.
  • Higher and Negative rose at the same time. The market has split: longs are pushing in some places, shorts in others. There is no overall skew.
  • The picture changed within a few hours. That's an event for the whole market. A single coin has its own FUNDING RATE, which you don't see here.

What happens after overheating. When longs pay more than the base rate across a large part of the market, buyers hold leverage everywhere at once, and their liquidations sit close below the price. One scenario is a cooldown: the market dips, some longs get liquidated, funding returns to normal. By 2020–2026 data, after such hours the dips over the next three days really are deeper than usual: median −2.3% vs −1.5%. But the trend breaks no more often than usual — a week later BTC is still higher at the median, and overheating can last for weeks: in late 2024 the Higher share stayed above 50% for over a month while the price rose. So this is a scenario of elevated dip risk, not a reversal signal. The mirror case for Negative: sellers hold the leverage, and the spikes go up.

Where to find it
Indicators›OTHER›Market›AGG. FUNDING
Settings
FieldOptionsDefaultWhat it changes
Values TypeCOINS COUNT
PERCENTAGE		COINS COUNTWhat to count in: number of coins or share of the market in percent.
- Want the absolute number of coins — COINS COUNT.
- Want the market share, to compare periods with different coin counts — PERCENTAGE.
In alerts

Metric AGG. FUNDING. Condition fields:

Values TypeFunding Type

“Funding Type” — Higher / Lower / Standard / Negative.

Try it yourself
  1. Turn on AGG. FUNDING. Read the four numbers in the legend.
  2. Add them up — that's how many coins have futures right now.
What you should get. You know how many coins are in Lower and how many in Higher right now, and whether it's a typical or unusual day.
Takeaway

AGG. FUNDING answers one question: who holds the leverage across the whole market at once. All coins with Binance futures are sorted relative to the base rate of 0.01% per 8 hours: Higher — longs pay more than the base, Negative — shorts pay, Lower and Standard — leverage isn't pushing anything. On a typical day three quarters of coins are in Lower. When Higher reaches the hundreds, buyers hold the leverage everywhere: dips over the next few days are deeper than usual, but the trend doesn't break because of it, and overheating can last for weeks. Negative in the hundreds is the mirror case. The indicator assesses the state of the market and its fragility, not direction. The chart coin is not included — it has its own FUNDING RATE.

Quick check

The Negative line in AGG. FUNDING shows…

Show answer

Correct answer: How many coins in the market have a negative rate

Quick check

A coin with a rate of exactly 0.01% falls into the category…

Show answer

Correct answer: Standard

← Previous lesson Next lesson →
See these concepts live on real Binance data — the DYOR workspace is free to start.
Open DYOR Platform