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Funding rates are applied periodically to open positions held by traders on perpetual swap markets. The rates are applied in proportion to the size of each trader’s position https://coinsupermart.com/ftx-referral-code/ The funding rate is adjusted for each period that it is applied, in accordance with any recent gaps between the price of the contracts and the spot price of the asset.

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This is the industry standard, with most other exchanges either following suit, or at the very least expressing their funding rate as an 8-hour figure (but applying them at a different intervals).https://coinsupermart.com/ftx-referral-code/Funding rates on BitMEX are only paid or received by positions that are open at the end of each 8-hour period, giving traders the option to open or close a position accordingly.

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