Funding rate screener settings

The screener watches the funding rate on futures and sends an alert the minute that rate crosses a threshold you set. The rate itself is the payment longs and shorts exchange with each other so a perpetual contract stays close to spot: positive means buyers are paying, negative means sellers are. Every form field is explained below.

In short

The screener checks the funding rate on every futures pair across 9 exchanges each minute and alerts you at the moment the threshold is crossed, not for as long as the rate stays high.
The form holds four scenarios: high positive funding, high negative funding, a direction flip, and the spread between exchanges. Each has its own threshold.
A threshold is compared against the rate per the venue’s own funding interval: 0.05% per eight hours is 0.15% a day and roughly 55% a year.
The simplest start is one scenario: high positive funding at 0.05%, plus the open-interest and turnover floors.

One detail breaks more setups than everything else combined: the accrual interval differs between exchanges. Most use eight hours, some Binance and Bybit pairs use four, and Hyperliquid uses one. The threshold is compared against the rate for the venue’s own interval, so the same number stands for a different daily yield on each.

Scenarios

When should this screener fire?

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Pump High positive funding

Fires when the rate rises above your positive threshold. Longs pay shorts.

Dump High negative funding

Fires when the rate drops below −threshold. Shorts pay longs.

Funding direction flip

Fires when the rate crosses zero (sign flip)

Cross-exchange funding spread

Fires when the rate for one pair differs across exchanges by more than your threshold.

Limits

Cap how often the screener may fire on a single coin

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When on, limits how many alerts the same coin can generate, so you do not get dozens of notifications about the same move.

Filters

Narrow what counts as a hit

Funding screener trigger scenarios

The four scenarios answer different questions. The two thresholds ask how overheated the market is right now. The direction flip asks when sentiment turned: the rate crossed zero, so the paying side swapped. The cross-exchange spread asks whether the coin offers a ready-made delta-neutral position.

All four scenarios fire on the crossing: the screener compares the current minute with the previous one. While the rate merely stays high there are no alerts — the transition itself is the event.

The negative threshold is entered as a positive number: 0.05 means the alert fires when the rate crosses −0.05%. The direction flip carries a built-in noise guard — a move from −0.0000008% to +0.0000009% never counts as a hit, whatever you set — and your own magnitude field can only raise that bar.

To keep a threshold from reading as an abstract number, convert it into a day and a year. On an eight-hour interval funding is paid three times a day, which gives:

Rate per 8 hours	Per day	Per year, roughly	How to read it
0.01%	0.03%	11%	The ordinary working level of a calm market
0.05%	0.15%	55%	Already a lot on major coins
0.10%	0.30%	110%	A strong position imbalance to one side
0.30%	0.90%	330%	A rare extreme, usually on thin contracts

That is arithmetic, not a forecast: the rate changes from settlement to settlement, and the annual figure only says “this is what it would come to if the rate held”. The screener prints the same line in every alert, so that 0.05% does not read as small change.

Limits: how many funding alerts you are willing to read

The rate moves more slowly than price, and a hit is tied to the crossing, so there are fewer alerts here than on the price screener. A cap is still useful in two cases: when the rate oscillates around your threshold and keeps crossing it, and when several scenarios are on for the same coin.

The cap is counted per coin over the period you pick — all venues and all scenarios together. With the toggle off there is no cap at all.

Filters: which coins to measure the funding rate on

Extreme funding is most often found where there is little money: on a thin contract a couple of positions move the rate. The floors are set in millions of dollars and applied to each venue separately: an exchange that fails the floor drops out of the calculation, the cross-exchange spread included.

There is no market filter here, and none is needed: funding exists only on futures. The favourites and blocked lists work by the coin’s base ticker, exactly as on the other screeners.

Ready-made setups

These are the same sets applied with one click in the screener settings. The values below are exactly what gets filled in.

High positive funding

Rate above +0.05%

Period: 240 min.
Min. Open Interest Value: 1 M $
Min. Exchange 24h Turnover: 5 M $

Logic: funding rises above +0.05% — longs are paying shorts noticeably more than usual, and positioning is skewed to the long side. The alert marks that skew; what to do about it is your call.

Funding sign flip

Rate crosses zero

Period: 360 min.
Min. Open Interest Value: 2 M $
Min. Exchange 24h Turnover: 10 M $

Logic: funding changes sign — the paying side switches: longs used to pay, now shorts do, or the other way round. A flip counts only if the new rate is at least 0.01% in absolute terms: near zero, the sign on thin pairs flips every minute.

High negative funding

Rate below −0.05%

Period: 240 min.
Min. Open Interest Value: 1 M $
Min. Exchange 24h Turnover: 5 M $

Logic: funding drops below −0.05% — shorts are paying longs noticeably more than usual, and positioning is skewed to the short side. The alert marks that skew; what to do about it is your call.

Cross-exchange arbitrage spread

Spread ≥ 0.04% across venues

Period: 60 min.
Min. Open Interest Value: 5 M $
Min. Exchange 24h Turnover: 10 M $

Logic: the funding rate on the same pair differs across exchanges by 0.04% or more. The alert shows where the rate is higher and where it is lower; fees and different settlement times are not part of the threshold. Open interest from $5M, turnover from $10M.

Any set is a starting point, not a recommendation. Once applied the thresholds are yours: move them and the screener starts counting the new way immediately.

Funding screener setup FAQ

What funding threshold should I set?

0.05% per funding interval is already a lot on major coins, and it makes a sensible first setting. Below 0.02% you are describing the ordinary working level of the rate on most pairs, which means a lot of alerts about nothing. Above 0.3% you keep only rare extremes, most of them on thin contracts.

Why is the screener silent when funding on a coin is high?

Every scenario is edge-triggered: the screener compares the current minute with the previous one and alerts only at the moment the threshold is crossed. If the rate was already above your threshold when you turned the scenario on, no alert follows — it will arrive once the rate drops below the threshold and crosses it again.

How do I set a negative funding threshold?

As a positive number: the field wants a magnitude. 0.05 means the alert fires when funding crosses −0.05%, that is, when shorts pay longs. Do not type the minus sign.

What happens if I leave a threshold field empty?

That scenario never fires: with no number there is nothing to compare against, and the screener quietly skips it. The form fills in a default value when you flip the toggle on — there is no need to clear it.

Why do I get no funding alerts on Hyperliquid?

Funding accrues hourly there, and the threshold is compared against the rate for the venue’s own interval. An hourly rate of 0.05% equals 0.4% per eight hours, a level that barely ever occurs. If you want alerts from hourly venues, the threshold has to come down by roughly eight times.

Why does the funding direction flip have its own threshold?

It answers the question “how large must the new rate be for the flip to mean anything”. An empty field or 0 means no threshold of your own, but the built-in noise guard stays: a move from −0.0000008% to +0.0000009% never counts as a sign change, whatever you set. Your own number can only raise that bar.

How is the “cross-exchange funding spread” scenario different from the funding arbitrage screener?

Here the spread is one of four reasons to fire, the threshold is in percent, and the alert goes out only in the minute the threshold is crossed. The separate arbitrage screener treats the spread as a state: threshold in basis points, a stability check, a choice of pair universe, and a pause between alerts on one coin.

Common mistakes when setting up the funding screener

One threshold for every venue. Because accrual intervals differ, 0.05% on an eight-hour exchange and on an hourly one are events of a different size.
Entering the negative threshold with a minus sign. The field wants a magnitude: 0.05, not −0.05.
Waiting for an alert while the rate is already above the threshold. The screener catches the crossing, not the holding: to fire, the rate has to cross the threshold again.
Reading high funding as a reason to enter. An imbalance tells you how positions are stacked, not when they unwind: the rate can sit at an extreme for days.

What the rate is and where it comes from is covered in “What the funding rate is”. How the screener counts and what the alert shows is in the funding screener description, and thresholds for different jobs are worked through in funding use cases.

Everything described above is set up in the screener: pick a ready-made setup or your own thresholds, and alerts arrive by push or Telegram.

Open the funding screener