Funding

Perpetual futures never expire. Instead, funding keeps the perpetual price close to the underlying index price.

#Who pays whom

• When the funding rate is positive, longs pay shorts.
• When it is negative, shorts pay longs.

Funding payment = Position notional × Funding rate

#Intervals

Each instrument has its own funding interval. The market header shows the current rate and a countdown to the next charge. Do not assume every market charges hourly.

#Where to see it

• Market header: the current rate and the next funding time.
• History → Funding: every payment you made or received, exportable as CSV.