Funding is a payment between long and short positions in perpetual futures. Positive rates mean longs pay; negative rates mean shorts pay. Choose a Binance crypto USDT perpetual above to see its current rate and settlement time, then enter your position value to estimate one funding payment.
How much will your position pay?
For a USDT perpetual, funding payment = position value × funding rate. With a hypothetical 10,000 USDT position and a +0.01% rate, a long pays 1 USDT, and the opposing short receives it. With a negative rate, the direction reverses.
Enter the whole position value in the calculator. If 1,000 USDT of margin supports 10,000 USDT of exposure, funding uses the 10,000 USDT exposure. Your actual payment depends on the rate and position value when settlement occurs.
When does funding apply?
You generally pay or receive funding when you hold the perpetual position through its scheduled settlement. The countdown uses Binance’s public server time. Different contracts can settle at different intervals, so check the selected contract rather than assuming every market uses eight hours. Processing can deviate by approximately 15 seconds; closing or opening right at the timestamp does not guarantee avoiding a payment.
The current rate is a changing observation, not the final settled rate. Past-seven-day bars show the funding records Binance has already returned. Each bar is one settlement; their sum describes those observations, not the cash flow of a position whose size changed.
What should you compare between contracts?
A 0.01% rate every hour is a different holding cost from a 0.01% rate every eight hours. The market table provides an hourly equivalent by dividing the current rate by the contract interval. This helps compare rates on the same time basis, while actual payments still occur at settlement and future rates can change.
Receiving funding carries the price and liquidation risk of the position. Use the Binance Futures guide to understand margin and liquidation, and the trading-fee calculator for opening and closing commission. Funding remains separate from both trading fees and fee discounts.
Which contracts does this monitor cover?
The monitor covers active Binance crypto contracts settled and margined in USDT, marked as perpetual in Binance’s public exchange information. It excludes dated futures, coin-margined contracts, USDC contracts and non-coin markets. It requires no Binance login, API key or wallet connection.
Current data refreshes roughly once a minute while the page is visible. If a request fails or a rate becomes too old, the current payment estimate becomes unavailable; returned history remains historical. Binance API access can vary by location. Try Refresh if a request fails, and use the selected contract’s Binance screen when public data is unavailable.
Frequently asked questions
Is funding charged on margin or position value?
For the USDT perpetuals shown here, funding is based on the position's notional value at settlement, not only your margin. A 10,000 USDT position at a positive 0.01% funding rate means a long pays about 1 USDT for that settlement, even if the margin is smaller.
Does every Binance contract settle every eight hours?
No. Eight hours is the default, but some contracts have adjusted intervals. Use the displayed interval and next settlement time for your exact contract; the current funding rate can also change before settlement.
Does a trading-fee discount reduce funding?
Funding is separate from trading commission. A discount or reward on trading fees does not reduce the funding payment between position holders.
Why does the history show less than seven days?
Newly listed contracts can have a shorter history, and API responses may have missing records. The chart and sum use only returned settled observations and do not invent missing payments.