When and How Is the Funding Rate Settled in Crypto Futures on Pluang?

Funding Rate Settlement on Pluang is the exact moment every 8 hours when the calculated funding payment actually moves between long and short position holders in a Crypto Futures contract, distinct from the funding rate figure itself, which is calculated and displayed continuously beforehand. The rate is applied automatically to your Futures Wallet balance — no manual action or confirmation is needed. Only positions open at the exact settlement moment are charged or credited.

• Settlement is distinct from the funding rate itself: the rate is the calculated figure shown continuously; settlement is when that figure is actually charged or credited to every open position.
• Each contract's live countdown counts down to the next settlement moment, then resets immediately for the next 8-hour cycle.
• Only positions open at the exact settlement moment are charged or credited, with no partial or prorated charge for closing earlier.
• Settlement is applied automatically to your Futures Wallet balance — no action is needed from you at any point.
• Holding a position across many settlement cycles means the cumulative effect of funding payments can meaningfully add to or subtract from your result.

Related questions:

Q: Is the funding rate settlement the same thing as the funding rate itself?
No. The funding rate is the calculated figure shown continuously on the contract's trading screen; settlement is the specific moment that figure is actually charged or credited to open positions.

Q: How do I know when the next funding rate settlement happens?
Check the countdown timer shown on the contract's trading screen — it counts down to the exact settlement moment and resets automatically afterward.

Q: Do I need to do anything for funding rate settlement to happen?
No. Settlement is applied automatically to your Futures Wallet balance for any position still open at the settlement moment, with no manual action required.

Q: Can I avoid a funding rate settlement charge?
Yes. If you close your position before the countdown reaches zero, you won't pay or receive that period's funding payment at all.