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DERIVATIVES · EXTREME FUNDING

Extreme Funding Rates: Units and Time Windows That Change the Result

An 'extreme' funding rate depends on the interval, the venue's caps and the time window. The same number can be ordinary on one venue and extreme on another.

By ChartsPod Editorial Team · Reviewed by ChartsPod Research
Published · Updated · 5 min read

Short answer

To judge whether funding is extreme, convert it to a common interval and compare with that venue's own history and limits. Binance publishes adjusted funding caps and floors per symbol (fundingInfo); Hyperliquid caps funding at 4% per hour. A 0.1% per 8h rate annualises to about 110% of notional; on an hourly venue, 0.1% per hour would be eight times that. Check how many settlements stayed extreme — a single spike differs from a sustained regime.

Normalise first

RateInterval8h-equivalentSimple annualised
0.1%8h0.1%≈ 110%
0.1%1h0.8%≈ 876%
0.01%8h0.01%≈ 11%
Simple annualised funding (%)Simple annualised funding (%): 0.01%/8h 11 %; 0.1%/8h 110 %; 0.1%/1h 876 %.SIMPLE ANNUALISED FUNDING (%)0.01%/8h11 %0.1%/8h110 %0.1%/1h876 %
Interval changes everything. Original ChartsPod editorial graphic.

Window

Is it extreme?Is it extreme?: Interval converted; Venue cap/floor known; Versus venue history; Number of settlements; OI context.IS IT EXTREME?Interval convertedVenue cap/floor knownVersus venue historyNumber of settlementsOI context
Extreme relative to what? Original ChartsPod editorial graphic.

Using it

Related: Annualized Funding Rates: Units and Time Windows That Change the Result, One-Hour vs Eight-Hour Funding: Units and Time Windows That Change the Result.

Check extreme funding beside price in ChartsPod.

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Check how many settlements stayed extreme — a single spike differs from a sustained regime.

Put Extreme Funding Rates next to price, flow and positioning in one workspace.

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Questions readers ask

When is funding extreme?

Relative to the venue's history and caps, on a common interval.

What's Hyperliquid's cap?

4% per hour.

Does one spike count?

Check persistence.

Sources and methodology

Definitions follow Binance's USD-M market data documentation, Hyperliquid's funding documentation, TradingView's open-interest guide and Bybit's liquidation rules, read 17 October 2026. Examples are illustrative, not recorded market data.

  1. Binance USD-M: Get Funding Rate History — fundingTime per settlement.
  2. Hyperliquid docs: Funding — hourly payments, 1/8 of the 8-hour rate, oracle price for notional.
  3. ChartsPod: product overview, pricing and FAQ — free terminal, venues, modules, no order placement; checked 17 Oct 2026.
  4. Binance: USD-M Futures market data API — trades, depth, funding and open interest.

This article explains research tools and workflows. It is not financial advice, does not recommend buying or selling any asset and does not predict prices. Crypto derivatives carry a risk of rapid and total loss of margin.

CHARTSPOD EDITORIAL EDITION · RESEARCH AND EDUCATION ONLY · NOT FINANCIAL ADVICE.