Estimate the perpetual-futures funding fees you pay or earn on a crypto position over a holding period.
Positive rate = longs pay shorts (a cost for longs). Negative = shorts pay longs.
Perpetual futures have no expiry, so exchanges keep their price close to spot with funding: a payment between longs and shorts at fixed intervals, usually every 8 hours. When the rate is positive longs pay shorts; when it is negative shorts pay longs.
Enter the position value, the funding rate per 8 hours and how long you expect to hold. The calculator shows the payment per interval, the number of intervals and the total.
The rate changes at every interval, so treat the result as an estimate from today's rate. Some contracts settle every 4 hours or every hour; this calculator assumes 8-hour intervals.
Position 5,000 USDT, funding rate 0.01% per 8 hours, held 24 hours.
With a positive rate longs pay shorts; with a negative rate shorts pay longs. The exchange does not keep it; it passes between traders.
Funding is charged only to positions open at the funding timestamp. A position closed before it pays or receives nothing for that interval.
A high positive rate means many traders are leveraged long and paying to stay there. Crowded positioning like that can unwind sharply, so many traders read it as a warning rather than a signal.
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Create a free accountEstimates for education only — not financial advice. Exchange fees, slippage and funding are not included unless stated.