What is a perp funding payment?

Funding is a periodic payment between long and short traders that helps keep perpetual futures prices near the underlying index price.

Does funding include trading fees?

No. Funding is separate from maker/taker trading fees, spreads, slippage, borrow costs and withdrawal fees.

Trading tool

Perp funding rate calculator

Estimate funding paid or received over a holding period. Positive funding usually means longs pay shorts; negative funding usually means shorts pay longs.

Trading costs Fee calculator Estimate maker, taker and round-trip fees before opening a perp position. Funding payments Funding calculator Estimate funding paid or received by side, rate, interval and holding time.