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Funding Fees are paid or spent three times a day in the balance of the futures wallet based on the ratio of the long/short position at 1 a.m., 9 a.m., and 5 p.m. Korean time.
If the funding ratio is - it means that there are many selling positions.
Those who have a selling position will spend for funding, and those who have a buying position will be paid for funding.
Conversely, if the funding ratio is +, it means that there are many buying positions.
Those who have a buying position will spend for funding, and those who have a selling position will be paid for funding.
The formula for calculating the funding cost is as follows.
Funding Fee = Price of the coin (Mark Price) x Holding quantity x funding ratio
- EX) Wave coin short position Average unit price 5, quantity 370 units, funding ratio -0.6888%
-> 370 × 1.5 × Approximately -0.6888% = -3.82284 (expenditure)
You can check the details of my funding expenses at History -> Funding History.
You can find the funding ratio and real-time funding ratio of past funding time at the link below.
Our COINRF operates a 24-hour customer center and also operates a telegram for simple inquiry resolution and communication with users.
If you have any questions, please use the following Customer Center and COINRF official Telegram.
★ Telegram : https://t.me/coinrfcom
* Customer Center real-time chat counseling: 10:00-24:00 (KST)