Normalize 1h, 4h and 8h funding rates before you compare them.

Funding rate calculator

Enter a valid rate, a funding interval above 0 hours, and a non-negative notional.

Annualized = simple projection, not compounding and not a forecast. Funding rates change. Payment is an estimate based on notional × rate; confirm the exchange's mark-price, contract and settlement rules.

1h vs 4h vs 8h: the same raw rate is not the same carry

At a raw +0.01% funding rate, a 1-hour market is +0.08% on an 8-hour equivalent basis, a 4-hour market is +0.02%, and an 8-hour market remains +0.01%. Normalizing first prevents shorter settlement intervals from looking artificially comparable to slower ones.

A raw funding number is hard to compare when one market settles every hour and another every eight hours. Money Radar converts observed funding to an 8-hour equivalent before comparing unusual perpetual markets. The calculator above lets you inspect the same normalization directly.

See how funding and open interest are combined → · Why negative funding is not automatically bullish →

Use funding as context, not a direction call

The sign and size of funding describe a derivatives condition. They do not by themselves tell you whether price will rise or fall. Money Radar adds short-term open interest, closed 15m structure, relative volume and mark/index basis before ranking markets for research.

Research prioritization only — not a buy/sell signal, probability, win rate or guaranteed return.