$1000000BOB observe funding fees
The pair 1000000BOBUSDT has a funding rate of -1.2973%.
This means that long position traders pay fees to short positions.
For example, if a trader opens a long position worth $10 (about 2 million BOB), the funding fee = 1.2973% × $10 = $0.12973 per 8-hour cycle.
If the position lasts for 24 hours (3 cycles), the total fee is around $0.389. This fee is automatically calculated and credited or debited from the user's balance.