Cryp2Nova

Derivatives Fundingrate Zscore Fundingrate Zscore

Bitcoin

This standardizes perpetual funding rates into a Z-Score around their historical mean.

Why it matters

It normalizes funding so extremes are comparable across regimes.

How it is built

Current funding minus its mean, divided by its standard deviation.

What to watch

High positive Z-Scores mark extreme long crowding; deep negative marks extreme short crowding — both squeeze-prone.

Related metrics