The funding rate is a regular fee between long and short position holders, used to keep the contract price consistent with the spot price. You will pay or receive the fee according to your own position direction and the current funding rate.
Settlement Time
The funding rate is collected once every 8 hours, with the specific settlement time points being 00:00, 08:00 and 16:00 (UTC+8). You can directly view the fee collection countdown on the contract trading page, and the settlement details of all past funding fees can be inquired in [Assets] → [Historical Records] → [Contract History].
Collection Direction
- When the funding rate is positive, long position holders need to pay the funding fee to short position holders;
- When the funding rate is negative, short position holders need to pay the funding fee to long position holders.
Viewing method
You can directly view the fee collection countdown on the contract trading page, and the details of all past funding fees can be inquired in [Assets] → [Historical Records] → [Contract History].
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