Every 8 hours, a fee is paid between longs and shorts. When positive, longs pay shorts — keeping perp prices anchored to spot.
Lesson
Slide 1
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Key Terms
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Paper Trader
Simulated · No real funds · Real 30d market data
💼 $10,000
Open Position
Side
Long
Entry
—
P&L
$0
Liq.
—
Direction
↑ Long
↓ Short
Leverage Low risk
5
×
1×10×25×50×
Collateral
$
$100
$250
$500
$1k
Position size—
Entry price—
Liquidation price—
Est. funding / 8h—
Fees (0.05%)—
BTC / USD
—
—
30d real data · live simulation
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Funding Rate
+0.01%
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7:59:59
When positive, longs pay shorts every 8h. Compounds on open positions.
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Glossary
Every perps term, defined simply
Definition
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Did you know?
"Perpetual" refers to the fact that unlike traditional futures, these contracts have no settlement date — you can hold indefinitely as long as you keep paying funding.