Funding fee calculator
The funding fee is a periodic payment between longs and shorts on perpetual futures. Enter your position size, the rate and how long you'll hold; the calculator shows the number of collections and the total. Type a pair to load the exchanges' current rates and intervals.
- Per collection
- −1.00 USDT · you pay
- Collections
- 3
- Total
- −3.00 USDT
- 8h equivalent
- +0.01%
- Annualised
- +10.95%
Approximate; tiered margin, mark price and fee discounts differ by exchange. Not investment advice.
Live example: 10,000 $ long for 24 hours
At the exchanges' current rates (2026-10-29 10:07 UTC); minus = you pay, plus = you receive. Rates change every period.
| Pair | Cheapest | 24h | Most expensive | 24h |
|---|---|---|---|---|
| BTC | Bybit · +0.0018% / 8h | −0.55 $ | Hyperliquid · +0.0013% / 1h | −3.00 $ |
| ETH | MEXC · +0.0038% / 8h | −1.14 $ | Hyperliquid · +0.0013% / 1h | −3.00 $ |
| SOL | OKX · +0.0021% / 8h | −0.62 $ | Hyperliquid · +0.0013% / 1h | −3.00 $ |
| XRP | Bybit · −0.0024% / 8h | +0.72 $ | Hyperliquid · +0.0013% / 1h | −3.00 $ |
| DOGE | OKX · +0.0037% / 8h | −1.12 $ | Hyperliquid · +0.0013% / 1h | −3.00 $ |
| HYPE | OKX · +0.0092% / 8h | −2.77 $ | Hyperliquid · +0.0013% / 1h | −3.00 $ |
How is the funding fee calculated?
Payment = position notional × funding rate. Notional is margin × leverage: 1,000 USDT at 10x is a 10,000 USDT position. Leverage doesn't change the fee directly; it changes the notional.
Example: a 10,000 USDT long at +0.01% pays 1 USDT per collection; with an 8-hour interval that is 3 collections a day, 3 USDT.
What if funding is negative?
Shorts pay longs: longs receive, shorts are charged. Negative funding usually appears when the perpetual trades below spot.
What if funding is positive?
Longs pay shorts. High positive funding raises the cost of holding longs and can eat a large share of profit on positions held for days.
How to read the funding rate
Its size shows how one-sided positioning is. Compare exchanges by the 8-hour equivalent: 0.01% every 4h = 0.02% per 8h. It is not a direction signal on its own.
When is it collected?
Only positions open at the collection moment pay or receive. Most pairs collect every 8 hours (00:00, 08:00, 16:00 UTC), volatile ones every 4 or 1 hours; Hyperliquid hourly.
Frequently asked questions
How do you calculate the funding fee?
Position notional × funding rate. 0.01% on 10,000 USDT is 1 USDT per collection, times the number of collections in your holding period.
What happens if funding is negative?
Shorts pay longs: the long side receives, the short side is charged.
Does leverage increase the funding fee?
Not directly; the fee is on notional. More leverage on the same margin means a bigger notional and so a bigger fee.