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Bitget Coin-Ⓜ Futures: Funding Fee

Dear Bitget users:

The following text is about Funding Fee.

1. Introduction of Funding Fee

Funding fee is the core operating mechanism of Bitget perpetual futures.

The setting of the funding fee aims to ensure that the transaction price of the perpetual swap futures closely follows the underlying reference price through the regular exchange of funding fees between the long and short parties.

2. Description of Funding Fee

1)Bitget does not charge any fundfee, which are previously collected by users.

2)Funding fee is generated every 8 hours, which are 07:00, 15:00, 23:00 (UTC+08:00), you only need to pay or charge fees if you hold a position at the time of these three fund timestamps.

3. Calculation of FundFee

1)The calculation formula for the fundfeeyou received or paid is as follows:

Funding Fee = Funding rate * Position value

The value of your position has nothing to do with leverage, not based on how much margin you have allocated for the position:

USDT margined futures position value = face value * number of futures * latest marked price

Inverse futures position value = face value * number of futures / latest marked price

2)Among them, the calculation formula of the funding rate is as follows:

Funding rate (F) = Premium index (P) + clamp (interest rate (I)-premium index (P), 0.05%, -0.05%)

When the funding rate is positive, the long pays the short; when the funding rate is negative, the short pays the long.

Interest rate

The interest rate depends on the base currency and the borrowing rate of the pricing currency itself.

Interest rate (I) = (quoted interest rate index-base interest rate index) / funding rate interval

Premium index

Premium Index (P) = (Max(0, depth-weighted bid price-marked price)-Max(0, marked price-depth-weighted selling price))/spo t price + fair spread of marked price

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