Coinbase International Exchange

What is the funding fee?

The funding fee is based on the difference of the perpetual futures and spot price, and the size of the long or short position. Funding fees are only applicable for users who have an open position at the end of a given interval.

If the user closes their position prior to the funding interval ends, they will not be subject to the funding fee or credit. Subsequently, when a funding interval ends, all open perpetual futures positions will pay or receive funding fees.