Tracking funding rates across major exchanges matters more than most traders realize. When you compare rates between leading platforms and other major trading venues, patterns emerge that signal where leverage positions are stacking up—and where they might unwind. High funding rates often indicate bullish momentum hitting extreme levels, while sharp drops can warn of potential reversals. By monitoring these spreads, you get an early read on market sentiment before it fully plays out on price charts. It's less about picking the perfect exchange and more about understanding what the money flow is actually telling you about the next move.