Protocol
Funding rates
How funding keeps perpetual prices anchored to spot.
Hourly settlement
Funding accrues continuously and settles every hour. When the perpetual trades above the index, longs pay shorts; when it trades below, shorts pay longs.
funding = clamp(premium / 24, -0.0075, 0.0075)Reading the rate
The terminal shows the current hourly rate for each market. A positive rate means longs are paying. Funding history for your account is available in the portfolio view.