Interactive
Funding rate simulator
See how funding rates keep perpetual futures prices aligned with spot. Adjust parameters and watch the mechanics in real-time.
Your Position
Position Size
$100,000
$10k$1M
Market Conditions
Perp Premium / Discount
-1% Discount+1% Premium
Funding Interval
8 hours
1h24h
Holding Period
Days Held
7 days
1 day90 days
Funding Rate
+0.0500%
per interval
Per Payment
$50.00
you pay
Total Funding
-$1,050.00
over 7 days
Annualized
-54.75%
of position
Price Convergence
Spot
Perp
0h
84h
168h
Funding Flow
Longs
Paying
$50.00
Shorts
Receiving
You are Long
You pay $50.00 every 8 hours to short holders
Cumulative Funding Cost
-$1,050.00
Day 1
Day 7
How to read this
The perp is trading at a premium to spot (0.05% above). The positive funding rate means longs pay shorts. This incentivizes selling the perp, which pushes its price down toward spot. As a long holder, you're paying $50.00 every 8 hours for the privilege of holding your position.
Trade perpetuals on AX
Experience transparent funding rates on the world's first regulated perpetual futures exchange.