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The Funding Rate is a periodic payment exchanged between traders holding long and short positions. It helps keep the futures contract price aligned with the underlying spot price. When the Funding Rate is positive, traders holding long positions pay traders holding short positions.

When the Funding Rate is negative, traders holding short positions pay traders holding long positions. 
Funding applies to positions that are open at the funding time. On BITmarkets, funding currently occurs every 8 hours, with the next funding time and estimated rate displayed on the Futures trading platform.