Funding is the silent cost of holding perps. Project what a position pays (or earns) per interval, per day, and annualized — and see the cumulative cost over your full holding period.
Positive rate: longs pay shorts. Negative rate: shorts pay longs.
Bybit default: every 8h
Total funding paid
$52.50
21 funding events over the holding period
Cost per intervalPosition notional × funding rate. Positive = paid, negative = received.
$2.50
Daily equivalent
$7.50
Annualized rateRate × intervals per day × 365. Useful for comparing venues with different intervals.
10.95%
Net impact on positionFunding's contribution to PnL: paying funding reduces PnL, receiving adds to it.
-$52.50
Fee rates shown are estimates based on publicly listed base-tier schedules and may be outdated or vary by account tier, region, token discounts, and promotions. Always verify current rates directly with the exchange before trading.
Positive funding rate: longs pay shorts. Negative rate: shorts pay longs. The payment equals position notional × rate, settled every interval (1h on Hyperliquid and Lighter, 8h on most CEXs).
It annualizes to roughly 11% per year — usually more than your round-trip trading fees on any position held longer than a day or two. Hot markets can run 5–10x higher.
Always compare annualized: rate × intervals per day × 365. A +0.002%/1h rate and +0.016%/8h rate look different but cost the same per year. Our live funding page normalizes every venue this way.
Yes — hold the side being paid (e.g., short during positive funding), or run a delta-neutral structure that collects the rate while hedging price risk. Rates flip with sentiment, so it's an income stream with real risks.