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What is a funding rate, and what does it actually cost you?
Perpetual futures never expire, so funding keeps them tracking spot. How the payment works, who pays whom, and what it costs in dollars.
Guides
Funding rate and futures fee guides
Plain-English guides to funding rates, maker and taker fees, spread and leverage on crypto perpetual futures, each with worked examples and live numbers.
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6
Funding rate basics
What a funding rate is, when it is paid, and how to turn it into an annual rate and a dollar amount.
Funding rate basics
How to calculate a crypto funding fee in dollars
Turn a funding-rate percentage into the amount a long or short position will actually pay or receive, including different settlement intervals and leverage.
Funding rate basics
Positive vs negative funding rates: who pays whom?
A positive rate is a cost to longs and income to shorts; a negative rate reverses the flow. Here is how to read the sign without treating it as a price prediction.
Funding rate basics
Why is the funding rate 0.01%? The default rate explained
Most perpetual contracts sit at exactly 0.01% per 8 hours. Where that default comes from, why 4-hour contracts show 0.005%, and how many contracts sit there today.
Funding rate basics
Crypto funding settlement times: 1h, 4h and 8h explained
Funding is paid only at set times, and not always every 8 hours. How many contracts settle every 1, 4 or 8 hours on each exchange, and how to count payments.
Funding rate basics
Funding rate history: how to read past rates and download them
What a perpetual's funding history shows that today's rate cannot: settled versus predicted rates, 7, 30 and 90-day averages, and how to download the record as CSV.
Funding rate basics
Funding rate APR: how to annualise a perpetual funding rate
Convert an hourly, four-hour or eight-hour funding rate into a comparable simple annualised rate—and understand why that number is a scenario, not a forecast.
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Trading fees and spread
How maker and taker fees, VIP levels and the bid-ask spread add up, and which one moves your total cost the most.
Trading fees and spread
How perpetual futures trading fees actually work
Maker, taker, VIP tiers, token discounts and referral rebates — what each one is, how they combine, and how to work out the rate you are really paying.
Trading fees and spread
Which exchange has the lowest fees for perpetual futures?
Today's standard maker and taker fees on Binance, OKX, Bybit, Bitget and Gate, and how to find the cheapest exchange for your volume and holding time.
Trading fees and spread
Maker vs taker fees: what crypto traders actually pay
Understand when an order earns maker treatment, when it pays taker fees, and why order type alone does not guarantee the cheaper rate.
Trading fees and spread
Spread and slippage: the trading costs fee tables miss
See how bid-ask spread, market impact and execution slippage add to fees and funding when you open and close a crypto position.
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Risk and strategy
How leverage, liquidation and funding rate arbitrage change the real cost and risk of a position.
Risk and strategy
What 10x leverage actually costs to hold for a month
Leverage does not change what you pay in dollars. It changes what that payment is as a share of your own capital — and that is where positions quietly die.
Risk and strategy
Can funding fees increase liquidation risk?
Learn how funding payments reduce margin, why leverage makes the effect larger, and what to check before a settlement reaches your position.
Risk and strategy
Funding-rate arbitrage: how it works and what can go wrong
How the spot-perpetual funding trade works, how to calculate its return, and the execution, basis, margin and exchange risks hidden behind a market-neutral position.