TLDR
Live funding snapshots are not available here. Over the past 13 days, negative funding was reported on BNB, XRP, SOL, TRX and DOGE, while BTC stayed mildly positive in aggregate per market updates.
- ETHs funding flipped negative at points while BTC remained positive, indicating a divergence in positioning per a recent analysis.
- On 23 Dec, most majors were slightly positive, with BCH and LINK among the few showing negative funding per a market brief.
- Funding turns quickly. Check your venues funding dashboard for the latest prints before acting.
Deep Dive
1. Recent Negatives
Reports this week flagged negative funding across several large caps, notably BNB, XRP, SOL, TRX and DOGE, signaling short-side bias in perps on those names. Such flips often follow sharp drawdowns and can reflect hedging or directional shorts as summarized here.
Negative funding means shorts pay longs and often coincides with rising open interest on declines, which can compress if price stabilizes or squeeze if price rebounds.
2. BTC vs ETH
Bitcoin (BTC) funding skewed mildly positive, while Ethereum (ETH) occasionally flipped negative following volatility, a sign of more defensive or short-leaning positioning in ETH relative to BTC per a recent analysis.
That said, snapshots shift. By 23 Dec, most majors were back to slightly positive funding, with exceptions like BCH and LINK still negative, underscoring how quickly positioning rotates across assets per a market brief.
3. How To Use It
Funding is a positioning gauge, not a price signal by itself. Persistent negative funding with rising open interest can mean crowded shorts that are vulnerable to squeezes if catalysts emerge.
- For context, cluster negatives were seen on BNB, XRP, SOL, TRX and DOGE earlier in the week per the market update.
- BTCs steadier positive funding versus more variable ETH suggests relative resilience in BTC positioning per the analysis above.
If you are monitoring mean-reversion or squeeze risk, track assets where funding stays negative while price stabilizes and open interest rises. Confirm with your venues live funding feed before any decision.
Conclusion
I cannot confirm live prints in this chat, but recent reports show negative funding clustered in BNB, XRP, SOL, TRX and DOGE, with ETH intermittently negative and BTC mostly positive. Because funding flips fast, refresh your exchanges funding dashboard to see which majors are negative right now and combine it with open interest and price behavior to assess squeeze risk.
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