A perp's funding spikes, screams 200% annualized, and the crowd piles in — then it collapses by the next settlement. CarrySignal ranks perpetual futures by the carry that actually holds, across Binance and Bybit — and shows where the same coin pays more, because that cross-venue spread is the edge most people miss.
The same perp pays different funding on different exchanges. Each market is ranked by persistent carry on each venue, and by the spread between them — collect on the richer side, and check it's hedgeable before you size.
Funding is paid every 8 hours. A single high print is meaningless — it's the rate you can keep collecting, on the venue that pays best, that matters.
Each funding print is annualized at ×1095 (three per day, 365 days) and averaged across the last 21 settlements — a week of real history, not a single screenshot.
A rate that flips sign or spikes once is discounted. The consistency score is the share of settlements that paid the same direction — steady carry ranks above lucky carry.
The same coin funds differently on Binance and Bybit. The spread is the gap between them — collect on the richer venue, or run the two against each other. We flag hedgeable markets so you know the carry is capturable, not theoretical.
The most persistent, hedgeable carries each week — and the widest cross-venue spreads. No noise.