A funding rate is not a trading fee
On futures, the funding rate is a payment between longs and shorts - not a fee the platform charges.
Funding settles between holders on a fixed cycle, and its direction and size follow the rate in force; the trading fee is a separate charge.
Key points
Different payer, different payee
A trading fee goes to the platform. Funding moves between holders: with a positive rate shorts pay longs, and with a negative rate it reverses.
It settles on a cycle, not per trade
Funding applies only if you hold across the settlement point the platform publishes. The cycle and the rate are on the futures page that day.
Common questions
Why was I charged when I did not trade?
Holding across a funding settlement produces a payment regardless of whether you traded. Check the funding rate and settlement time on the futures page, then the statement.
Should funding be counted with the fee?
Keep them apart. The fee is charged per fill; funding is paid or received per holding cycle. Adding them together gives a wrong cost of carry.
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Sources：the funding-rate notes on the platform's futures page · describing who pays whom and on what cycle; no rate figure is quoted · Checked on 2026-09-17
Risk and disclosure
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