Funding

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Funding

funding is paid continuously and is automatically added to the user's Unsettled Pnl
To see past funding earned, visit the Account page in the UI
Funding is computed continuously as a daily difference in the index price and current book price (current mid). The UpdateFunding instruction is called by the Keeper roughly every 5 seconds and so funding is paid out roughly every 5 seconds. The calculation is as follows:
1
book_price = (bid + ask) / 2
2
diff = clamp(book_price / index_price - 1, -0.05, 0.05)
3
time_factor = (now - last_updated) / TIME_IN_DAY
4
funding = diff * time_factor * contract_size * index_price
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Last modified 1mo ago

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