The funding payment calculation:
Formula: Funding Payment = Funding Rate × Open Position Quantity × Contract Multiplier × Futures Mark Price × -1
Example:
If you hold 1 nano Bitcoin (BIP) long position with:
- Funding rate: +0.010%
- Mark price: $100,000
- Contract size: 0.01 BTC
Funding debit = $1.00 (0.010% x 1 contract × 0.01 × $100,000 x -1)
While funding is calculated hourly, funding debits and credits are processed once daily.
Important:
- Funding amounts are applied to your account separately.
- They do not affect variation margin.