How the Funding Rate Works in Pluang's Perpetual Futures

The funding rate on Pluang's perpetual Crypto Futures is a periodic payment exchanged directly between traders holding long and short positions every 8 hours — it is never paid to Pluang, the exchange, or any intermediary. When the rate is positive, longs pay shorts; when negative, shorts pay longs, based on your position size and the rate at settlement.

Key things to know about funding rates on Pluang:

• Why it exists: Every Pluang Crypto Futures contract is perpetual with no expiry, so funding is the mechanism that keeps the contract price anchored to spot — a premium (positive funding) makes longs pay shorts, pushing the price back down.
• Settlement frequency: Funding is calculated and exchanged every 8 hours, directly between long and short traders, not routed through Pluang as a fee.
• What determines the amount: Payment is proportional to your position size and the prevailing rate at settlement.
• Who pays, who receives: Positive rate → longs pay shorts. Negative rate → shorts pay longs.
• Timing matters: Only positions open at the exact settlement moment are charged or credited. Closing beforehand skips that interval's payment entirely.

Related questions:

Q: Where can I see the current funding rate on Pluang?
The current funding rate and countdown to the next settlement are displayed directly on the trading screen for each Crypto Futures pair in the Pluang app.

Q: Is the funding rate the same for all perpetual contracts on Pluang?
No — each contract has its own rate that moves independently based on the balance of long and short positioning for that specific asset.

Q: If I close my position before the funding payment time, do I still pay?
No — funding only applies to positions open at the exact settlement timestamp; closing beforehand means you neither pay nor receive that interval's payment.

Q: Does the funding rate get paid to Pluang as a platform fee?
No — funding is a peer-to-peer transfer between long and short position holders; it does not move into or out of Pluang's own accounts.