What does high funding mean?
Persistently high positive funding means longs are crowded and paying to stay in, and negative funding means the opposite. Markov shows funding from a CEX on the free Derivatives tool (falling back to Hyperliquid where that venue is refused), and annualizes it as a straight-line estimate that assumes the current rate holds.
BTC funding rate, live → All markets →
The data sources page says how every number is made, with its limits. Markov provides research tools and education, not financial advice.