An Introduction to Funding Fee

CoinEx has introduced Funding system to ensure the market price near the spot index price for perpetual trading. If the funding rate is positive, long positions will pay the funding to short position holders with the exact amount; if the funding rate is negative, long position holder will receive it.

Time of Settlement of Funding Rate: 

The funding will be paid/received every 8 hours, and it only takes place in the following timestamps: 00:00, 08:00 and 16:00 (UTC).

Notes:
a. The funding rate will be charged according to the funding rate calculated one minute before the last timestamp.
For example, when settling at 08:00 (UTC), the funding will be charged in accordance with the funding rate at 11:59 (UTC).
b. After the launch of the new rule, the funding rate for the first settlement is set as 0.

Funding Fee Calculation
Funding Fee= Position Value * Funding Rate

Funding Rate = Clamp (MA (((Impact Bid Price + Impact Mark Price) / 2-Spot Price) / Spot Price-Interest), a, b)

*Currently, Interest is 0.

* Perpetual contract for all coins: a=-0.375%, b=0.375%

* Impact Bid Price = the average price of "Impact Margin Amount" for bidders

* Impact Mark Price = the average price of the "Impact Margin Amount" for sellers

* "Impact Margin Notional" refers to the total amount of the order book.

(The above data and indicators may be adjusted in real time depending on market conditions and adjustments will not be notified otherwise.)

Notes: Funding ONLY available between users, and CoinEx will not be involved.