A significant rally in selected altcoins, such as HBAR, XLM, XRP, ALGO, and ADA, which saw gains over 250% in 30 days, has elevated funding rates for perpetual futures to between 4% and 6% per month. This surge in funding rates reflects increased leverage usage, making current price levels potentially vulnerable to sharp corrections. While high funding rates might indicate optimism and further growth potential for altcoins, they also heighten the risk for traders, contrasting with the more moderate leverage observed in major crypto tokens like BTC and ETH.