Perpetuals use a funding mechanism to help ensure that the perpetual price remains tied to the spot price.

The Funding Payment is the Funding Amount multiplied by the position size. The time to the next Funding Payment and the Expected Funding Amount are both displayed in the Market Data panel in ActiveTrader.

• The Funding Amount is calculated using the Time-Weighted Average Price (TWAP) of the Perpetual Price less the Spot Price. This value is then divided by 24 due to the Funding Payment being made every hour. For a more detailed explanation on the calculation, please refer here.

Note: Funding payments are calculated and paid hourly. The funding period starts in the first minute in the hour until the end of the last minute in the hour.

The time to the next Funding Payment and the Expected Funding Amount are both displayed in the Market Data panel in ActiveTrader. Payments will be made and received in GUSD.