Whether you pay or receive funding depends on your position and the funding rate at the time of the funding payment.
If the funding rate is positive
Long positions pay funding
Short positions receive funding
If the funding rate is negative
Short positions pay funding
Long positions receive funding
Key Points
Open Positions Only: Only positions that are open at the exact time of the funding payment are affected.
Positions opened and closed within the funding period do not pay or receive funding.
No Proportionality: The amount of time a position has been open does not affect the funding payment. For example, a position opened one minute before the funding payment is treated the same as a position held for several hours.
For more detailed information on how the funding rate is calculated, please see our Funding Rate Calculation guide.
This website is operated by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 148707 and registered address at Global Gateway 8, Rue de la Perle, Providence Mahé, Seychelles (“HDR”). HDR wholly owns BitMEX, a Bitcoin-based trading platform.
Access to trading or holding positions on BitMEX is prohibited for any person or entity that is located, incorporated or otherwise established in, or a citizen or a resident of: (i) the United States of America, Québec (Canada), the Hong Kong Special Administrative Region of the People’s Republic of China, the Republic of Seychelles, Bermuda, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea or Sudan; (ii) any state, country or other jurisdiction that is embargoed by the United States of America; or (iii) any other jurisdiction where the services offered by BitMEX are restricted (collectively “Restricted Jurisdictions”). If it is determined that any BitMEX user has given false representations as to their location, incorporation, establishment, citizenship or residence, or HDR detects a user is from a Restricted Jurisdiction as described above, HDR reserves the right to immediately close their accounts and liquidate any open positions. HDR may, in its sole discretion, implement controls to restrict access to the BitMEX trading platform in any of the Restricted Jurisdictions.