Funding: it makes the trading price near the spot index price. If the funding rate is positive, long positions will receive the funding; if the funding rate is negative, shorts will receive it. The funding will be paid/received every 8 hours, and it only takes place in the following timestamps: 20:00, 04:00, and 12:00 (UTC).
Funding = Position Value * Funding Rate
Limit of the funding rate:·
The maximum absolute value of the funding rate = 0.375%