Fellow Running Fox Users,
Basically the funding time is three times a day (every eight hours). And it can be adjusted to two or four hours depending on each token.
Users use this funding time in a direction that is favorable to them, and on the contrary, avoid it to be affected by the funding time.
There is one thing to note at this time.
There is a 15-second deviation in the actual funding fee transaction time.
For example, when a trader opens a position at 08:00:05 UTC, the funding fee could still apply to the trader (either paying or receiving the funding fee).
In order not to be affected by the funding fee, please enter the position 15 seconds after the funding time :)
- Binance FAQ : Introduction to Binance Futures Funding Rates
Risk warning: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.
Running Fox strives to provide the best service to all members.
If you have any questions, please use the Customer Center and Running Fox official Telegram below.
★ Telegram: https://t.me/coinrfcom
★ Customer Service Center: https://runningfox.zendesk.com/hc/en-us/requests/new
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Thanks for your support!
Running Fox Team