Funding
How funding works on perpetual markets and where to see what you paid or received.
Perpetual markets never expire. Instead, funding payments between longs and shorts keep the perpetual's price close to the index price.
The app explains it like this:
Payment exchanged between longs and shorts to keep the perpetual price near the spot Index. Positive = longs pay shorts; negative = shorts pay longs. Quoted as a 1-hour rate: it accrues to your open position continuously (in real time), not in fixed 8h batches. The rate is recomputed on-chain from the live order-book premium about every 5 minutes, so it moves as the book moves.
Key points
- Direction: a positive rate means longs pay shorts; a negative rate means shorts pay longs.
- Timing: the rate is quoted per hour, and funding accrues to open positions continuously, not in 8-hour batches.
- Updates: the rate changes as the market moves. The Funding Rate Countdown counts down to the next hourly mark.
- Who pays: only open perpetual positions pay or receive funding. Spot balances and resting orders don't.
- How much: funding per hour ≈ position value × hourly rate. Example: a $10,000 long at +0.0100% per hour pays about $1.00 per hour to shorts; at −0.0100% it receives about $1.00.
Where to see it
| What | Where |
|---|---|
| Current hourly rate | 1h Funding Rate in the market header |
| Rate history | The Funding tab above the chart (per hour, per 8 hours, or annualised) |
| 24-hour average | Avg. 1h Funding (last 24hrs) in Market Details |
| Your payments | Funding History in your portfolio |