Funding Rate vs Settlement Cadence

A periodic payment exchanged between long and short holders of a perpetual futures contract, calculated to keep the contract price anchored to the spot price; positive funding means longs pay shorts; negative funding means shorts pay longs; typically settled every 8 hours on major exchanges.

The schedule on which funding payments are exchanged between longs and shorts; the standard on most major exchanges (Binance, Bybit, OKX) is every 8 hours — at 00:00, 08:00, and 16:00 UTC.