Who pays the funding fee to whom?
Funding fees are settled at different intervals depending on the contract—some every 8 hours, others every 4 hours. Check the contract page for details.
Binance funding rates are mainly made up of two components: the premium index and the interest rate. The farther the contract price is above or below the price index, the farther the rate usually moves from its baseline.
The key thing to remember when managing funds: before comparing the rates of two contracts, first check their settlement intervals. At the same rate, more frequent payments mean a larger cumulative amount.
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This is for informational purposes only and does not constitute investment advice.