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Funding fee - Futures

Binance

Cryptocoins Exchanges / Binance 216 Views

Hi,

I'm just looking to gain a better understanding of leverage as it seems crypto exchanges intentionally make convoluted and hard-to-understand tips to increase your chances of trading without knowledge and losing money.

Anyway,

The funding fee: Let's say it's 0.0024%, and the countdown ends in 5 hours. If I hold a $15 position at 125x leverage ($1875), will I pay that fee on the size of the position ($1875) or the margin used ($15)? Now let's supposed I close my position before the funding fee countdown has reached zero. Do I now pay no funding fee, or will I pay the funding fee based on the closed position's margin or size?

Thanks.

submitted by /u/Most-Butterfly-5056
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