Funding rates question?
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I noticed that funding rates should refresh every 8 hours, but I noticed in the funding rate page, and also in Coinglass funding rate page, there seems to be a live rate that keeps fluctuating minute by minute.
What does this actually mean? Doesn’t it suppose to only change once per 8 hours?
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Hey there,
Please be informed that Funding payments occur every 8 hours at 00:00 UTC, 08:00 UTC, and 16:00 UTC for all Binance Futures perpetual contracts. In the event of extreme market volatility, Binance reserves the right to update the funding interval of a perpetual contract that differs from the default 8-hour funding interval according to the funding interval adjustment rules mentioned in Section 8 ‘Adjustment of Funding Interval’ below.
Also please do not get confused with funding fee and funding rate.You can find the details of funding rate, funding fee, funding payment etc and calculation mechanism here: [https://www.binance.com/en/support/faq/introduction-to-binance-futures-funding-rates-360033525031](https://www.binance.com/en/support/faq/introduction-to-binance-futures-funding-rates-360033525031)
‘SO