Coinbase Markets 🛡️(@CoinbaseMarkets):BTC funding has heated up. BTC perpetual funding on Coinbase has jumped to 0.0034%, or roughly 29.8% annualised; nearly 5x its 7-day average. Today’s print is among the highest visible over the past 90 days, exceeded by the June 4 event. As BTC moves higher, the cost of maintaining leveraged long exposure is rising with it, putting funding and positioning back in focus.

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Coinbase Markets 🛡️@CoinbaseMarkets

2026.08.20 22:00

BTC funding has heated up. BTC perpetual funding on Coinbase has jumped to 0.0034%, or roughly 29.8% annualised; nearly 5x its 7-day average. Today’s print is among the highest visible over the past 90 days, exceeded by the June 4 event. As BTC moves higher, the cost of maintaining leveraged long exposure is rising with it, putting funding and positioning back in focus.