Does Binance take fees from funding rate transfers?

Please note that Binance takes no fees from funding rate transfers as funding fees are transferred directly between traders. By default, funding payments occur every 8 hours at 00:00 UTC; 08:00 UTC and 16:00 UTC for all Binance Futures perpetual contracts.

What are funding rates?

Funding rates are periodic payments made to either long or short traders, calculated based on the difference between the perpetual contract prices and spot prices. When the market is bullish, the funding rate is positive and tends to rise over time.

What is funding arbitrage?

This is called funding arbitrage. Funding rate is not universal across exchanges; one usually has higher funding rate than another. Therefore, if (for example!) you short 400 dollars on Binance and long an equal amount on Bybit, the difference in funding rates goes into your pocket.

Can Binance change the funding interval of a perpetual contract?

In the event of extreme market volatility, Binance reserves the right to update the funding interval of a perpetual contract that differs from the default 8-hour funding interval according to the funding interval adjustment rules mentioned in Section 8 ‘Adjustment of Funding Interval’ below.