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Funding Rate Scorecard
The periodic payment between long and short perpetual futures holders, reflecting the cost of leverage and market directional bias.
Signal Quality
| Period | Accuracy | Samples | Significance |
|---|---|---|---|
| 7d | 58% | 2,016 | ✅ Significant |
| 30d | 59% | 8,640 | ✅ Significant |
| 90d | 57% | 25,920 | ✅ Significant |
Calibration: Measured as contrarian hit rate: extreme funding (|z| > 2) predicting mean-reversion within 4h.
Current Reading
Current Value
0.6829
alpha_funding_zscore
Methodology Version
v1.3 (2026-01)
Current z-score vs 30-day distribution.
24h History
500 data points · alpha_funding_zscore
Strengths & Weaknesses
✅ Strengths
- Strong contrarian signal at extremes
- Good sample size
- Well-studied in literature
Best regime: neutral (mean-reverting)
⚠️ Weaknesses
- Weak in trending markets (fights the trend)
- Slow signal (8h cycles)
- Can stay extreme longer than expected
Worst regime: risk-on (strong trend)
Methodology Changelog
| Date | Version | Change |
|---|---|---|
| 2026-01 | v1.3 | Added funding velocity (rate of change) component |
| 2025-09 | v1.2 | Expanded to multi-exchange funding aggregation |
| 2025-04 | v1.0 | Initial launch with HyperLiquid funding only |
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