Binance Funding Calculator
What a BTCUSDT perpetual costs to hold on Binance, per interval and per year.
Funding is the rent on a perpetual position, and it is charged whether the trade is working or not. This page uses Binance's settlement interval and published rate cap for BTCUSDT, so the annualised figure reflects how Binance actually settles rather than a generic three-a-day assumption.
How it works
Binance settles funding every 8 hours — 3 times a day, or 1095 times a year. Funding is exchanged between traders, not paid to the venue: when the rate is positive longs pay shorts, and when it is negative the flow reverses.
The annualised number is the one worth looking at before opening a carry. A rate that looks negligible per settlement compounds into a serious drag: 0.01% three times a day is about 11% a year, and rates of ten times that are ordinary during a squeeze.
Sources — Binance documentation
Every rate and formula on this page is taken from Binance's own documentation for BTCUSDT and was last checked on 2026-07-22. Exchanges revise these tables without notice.
- How funding rates are calculated on Binance Futures
- Funding rate history and current rates
- Perpetual contract trading rules, including funding caps
Independent tool, not affiliated with or endorsed by Binance. Confirm against your position's own margin details before trading.
Settlement intervals across exchanges
The same 0.01 % rate on a 10,000 position, priced under each venue's schedule.
| Exchange | Interval | Per day | Annualised |
|---|---|---|---|
| Binance | 8h | 3.00 | 10.95 % |
| Bybit | 8h | 3.00 | 10.95 % |
| OKX | 8h | 3.00 | 10.95 % |
| Gate.io | 8h | 3.00 | 10.95 % |
The same calculation on other exchanges
Margin ladders differ enough to move the liquidation price on identical inputs.
Or use the generic calculator with your own maintenance rate →Funding on Binance
Binance settles funding on USDⓈ-M perpetuals every eight hours by default, though a number of pairs run on a four-hour schedule instead. The rate is not set by Binance at discretion: it is derived from the premium of the perpetual over the index plus a fixed interest component, and it is exchanged between traders rather than collected by the venue.
The cap is the part that surprises people
Binance clamps each settlement so no single payment can exceed the published cap. During a violent squeeze the rate reaches that ceiling and stays there, which means the cost stops rising with the imbalance — and also that funding alone can no longer pull a persistent basis back to spot.
For a carry trade this is good news: the worst case per settlement is bounded and knowable before you open. For anyone relying on the mechanism to close a gap, it is the opposite — above the cap, it will not.
The interval matters more than the headline rate
A rate quoted per settlement means nothing without the schedule attached. The same 0.01% is charged three times a day on an eight-hour interval and six times a day on a four-hour one: identical number on the screen, twice the annual drag.
Check which schedule your pair runs on before opening anything you intend to hold. Binance lists it alongside the funding history, and the difference compounds into the sort of cost that turns a marginal profitable trade into a losing one.
FAQ
Does Binance keep the funding I pay?
No. Funding moves between long and short holders and Binance takes no cut. That is what separates it from a trading fee, and why a negative rate genuinely pays you to hold the unpopular side.
When exactly am I charged?
Only if you hold the position at the settlement timestamp. Closing just before and reopening just after avoids it entirely — a well-known tactic that works right up until the spread and the round-trip fee cost more than the funding would have.
Why is the funding rate negative?
Because the perpetual is trading below the index, which usually means shorts are crowded. Shorts then pay longs. It is the mechanism working as intended: paying traders to take the side that pulls the contract back towards spot.