Annualized Funding Rate
Funding rate annualized (×3×365)
| Property | Value |
|---|---|
| Category | exchanges |
| Unit | % |
| Resolution | 1d |
| Assets | BTC |
| Tier | Basic |
| API Endpoint | GET /v1/funding/aggregate |
| Field | annualized_rate |
Overview
Annualized Funding Rate converts the 8-hour perpetual futures funding rate to an annualized percentage, making it easier to compare with traditional finance yields and interest rates.
Interpretation
- > 20%: Market is overheated with excessive bullish leverage — historically precedes corrections
- 10-20%: Strong bullish sentiment, elevated leverage
- 0-10%: Normal to mildly bullish market conditions
- < 0%: Bearish sentiment — short positions are paying long positions
- < -10%: Capitulation-level bearish sentiment, often near market bottoms
Use Cases
- Cycle analysis: Annualized rates above 30% have historically marked cycle tops
- Yield comparison: Compare crypto funding yields to DeFi rates, Treasury yields, or money market rates
- Leverage gauge: High annualized rates indicate crowded leveraged positions
Calculation
annualized_rate = avg_funding_rate × 3 × 365
Where 3 represents three 8-hour funding periods per day.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/funding/aggregate?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- BTC Funding Rate — Average perpetual funding rate across major exchanges
- Funding Rate Spread — Max - Min funding rate across exchanges