What's funding rate and how do I use it?

The funding rate is a mechanism used in X-Perps markets to help keep the contract price closer to the underlying spot price.

What's the funding rate for me?

Checklist

1. On the app:
2. Open your OKX app
3. Select Exchange for the mode
4. Select any pair eligible for Perps
5. Select the pairing with Perp from the list
6. Go to Info
7. Select Funding rate on the right side of the screen
8. On the web:
9. Log in to your OKX web account and choose Trade
10. Select Spot and margin
11. Select any pair eligible for Perps
12. Choose the pairing from the list

Notes

Funding isn't the same as a trading fee. It is a periodic payment mechanism between long and short position holders.

Depending on the funding rate and your position:

when the funding rate is positive, long positions typically pay short positions

when the funding rate is negative, short positions typically pay long positions

Details follow the official OKX help article; this page is a learning checklist, not an official mirror.