Guides
How funding, fees and carry actually work — written to answer the question, then hand you the live numbers.
12practical guides
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Perpetual futures have no expiry, so funding is the mechanism that keeps them tracking spot. Here is how the payment works, who pays whom, and what it costs in dollars.
Knowledge base
4
Understand where funding comes from, when it settles, and how to turn a rate into annualised and dollar costs.
Funding basics
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 basics
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 basics
Funding is paid only at scheduled settlement events, but the interval is not always eight hours. Learn how to count payments and check the current contract schedule.
Funding basics
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.
4
Break down maker, taker, spread and venue fees to find what actually moves your total cost.
Trading costs
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 costs
The honest answer is that it depends on how you trade — and the difference between the right answer and the wrong one is measured in thousands of dollars a year.
Trading costs
Understand when an order earns maker treatment, when it pays taker fees, and why order type alone does not guarantee the cheaper rate.
Trading costs
See how bid-ask spread, market impact and execution slippage add to fees and funding when you open and close a crypto position.
3
Understand leverage, liquidation and arbitrage risk instead of comparing the headline rate alone.
Risk and strategy
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
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
Understand the spot-perpetual funding trade, its return calculation, and the execution, basis, margin and venue risks hidden behind a neutral position.
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