A funding payment is the amount credited or debited to an eligible perpetual position when funding is applied. It is a cash-flow event, while the funding rate is the percentage used in its calculation. The payment can affect account balances even when no trade is executed.
From rate to amount
Under a common linear-contract method, the payment magnitude equals the relevant position value multiplied by the applied funding rate’s magnitude. Suppose that value is 20,000 USDT and the rate is positive 0.01%. The payment is 2 USDT; under the usual direction convention, an eligible long pays and an eligible short receives.
This example assumes the stated position value and excludes other fees. Inverse contracts may value the position and settle the payment in the underlying coin. The contract’s valuation method, currency and rounding rules therefore matter.
Check the actual posting
Eligibility depends on the venue’s funding timing and position rules, not merely how many hours a trade was open. A forecast rate can change before the final payment, and closing around the cutoff may involve processing uncertainty.
The transaction history shows the amount actually booked. Funding debits can reduce available funds or margin under the applicable rules, while credits do not cancel market losses. Net performance should include both trading results and funding cash flows.