Binance ON/USDT Funding Rate

ON/USDT on Binance has maintained a 100% positive rate frequency across 851 funding settlements since 2025-10-24. This translates to an annualized yield of 25.06% for delta-neutral positions.

The funding rate ranged from a low of 0.005% to a high of 0.1215% per settlement period. With 4-hour intervals, Binance settles this pair 6 times per day — each settlement is a tradeable event.

The consistently high positive rate (100%) indicates persistent long-side demand for ONperpetual futures. This creates a structural alpha for short-side collectors — and a highly predictable binary market for Settled traders. When the current rate is positive, there is historically >95% probability the next settlement will also be positive.

Funding rates are periodic payments between long and short traders on perpetual futures contracts. When the rate is positive, longs pay shorts — indicating bullish sentiment and excess leverage on the long side. When negative, shorts pay longs.

Binance settles ON/USDT funding every 4 hours. The rate is determined by the premium/discount between the perpetual contract price and the spot index price. Over 851 historical settlements, we observe a strong positive bias — making this pair highly predictable for Settled markets.