Bitcoin perpetual funding rate
The periodic fee leveraged perp traders pay; positive means longs pay shorts (crowded long).
On perpetual futures, the funding rate is a small fee exchanged between long and short traders every few hours to keep the contract near the spot price. A positive rate means longs pay shorts — more traders are leveraged long, which can signal a “crowded” market more prone to a sharp unwind. The Oracle reads OKX BTC-USD-SWAP funding hourly as a leverage/fragility signal; it is suggestive context, never a directional call on its own.
Recent readings
Perp funding +0.0100% — longs pay shorts (crowded long)
| Observed | Value | Reading |
|---|---|---|
| Oct 19, 10:41 AM UTC | 0.0001% | Perp funding +0.0100% — longs pay shorts (crowded long) |
| Oct 19, 05:01 AM UTC | 0.0001% | Perp funding +0.0100% — longs pay shorts (crowded long) |
| Oct 19, 12:09 AM UTC | 0.0001% | Perp funding +0.0100% — longs pay shorts (crowded long) |
| Oct 18, 09:55 PM UTC | 0.0001% | Perp funding +0.0100% — longs pay shorts (crowded long) |
| Oct 18, 07:31 PM UTC | 0.0001% | Perp funding +0.0100% — longs pay shorts (crowded long) |
| Oct 18, 05:16 PM UTC | 0.0001% | Perp funding +0.0100% — longs pay shorts (crowded long) |
| Oct 18, 01:57 PM UTC | 0.000059100805363% | Perp funding +0.0059% — longs pay shorts (crowded long) |
| Oct 18, 09:56 AM UTC | 0.0000604537814269% | Perp funding +0.0060% — longs pay shorts (crowded long) |
| Oct 18, 05:47 AM UTC | 0.0000305261560536% | Perp funding +0.0031% — longs pay shorts (crowded long) |
| Oct 18, 12:56 AM UTC | 0.0000343207479242% | Perp funding +0.0034% — longs pay shorts (crowded long) |
| Oct 17, 11:03 PM UTC | 0.0000314687060164% | Perp funding +0.0031% — longs pay shorts (crowded long) |
| Oct 17, 08:49 PM UTC | 0.0000357527898443% | Perp funding +0.0036% — longs pay shorts (crowded long) |
| Oct 17, 06:25 PM UTC | 0.0000425897798127% | Perp funding +0.0043% — longs pay shorts (crowded long) |
| Oct 17, 03:50 PM UTC | 0.0000389515673298% | Perp funding +0.0039% — longs pay shorts (crowded long) |
How the Oracle uses it
This is one signal among several, never a directional call on its own. The forecast starts as plain math (a GJR-GARCH volatility model); the signal is read each hour as context, and Claude may make small, hard-capped adjustments to the range and confidence — it can't swing the guess wildly. Every forecast is then scored openly against a random-walk benchmark, so you can judge the result rather than trust it. See the accuracy record and the full methodology.
The other signals
- · Crypto Fear & Greed Index — A 0–100 gauge of crypto market sentiment, where low = fear and high = greed.
- · Bitcoin open interest — The total value of outstanding leveraged futures positions — how much “fuel” is riding on price moves.
- · Bitcoin implied volatility (Deribit DVOL) — The options market's forward-looking estimate of how much Bitcoin will move (annualised %).
- · Bitcoin news tone (GDELT) — Whether global news coverage of Bitcoin is, on balance, positive or negative right now.