I'm holding overnight — what does it cost?
Workflow · Funding Breakeven · Standard · 5 credits
Funding compounds silently. A 0.01% rate on a $50k position held 3 days is $45 in carry — and your breakeven has moved. Know the number before you hold.
How long are you holding this?
Tell me your position and hold time — I'll show you exactly what it's costing and where your breakeven actually is.
Frequently Asked Questions
What is funding cost?
Funding is a periodic payment exchanged between long and short traders in perpetual futures. When funding is positive, longs pay shorts; when negative, shorts pay longs. The cost accumulates every 8 hours (or 1 hour on some exchanges) while the position is open.
How does breakeven with funding differ from regular breakeven?
Regular breakeven only accounts for open/close fees. Funding breakeven also includes the accumulated funding payments over your planned hold period. The longer you hold, the more funding cost accumulates, and the further price must move to cover it.
Why does hold duration matter so much?
Funding cost scales linearly with time: doubling your hold duration doubles the funding you pay (or receive). For high-funding environments (>0.05%/8h), a 24-hour hold can add significant carry cost that noticeably shifts your breakeven price.
How does funding direction differ for longs vs shorts?
For longs with positive funding rate: funding is a cost that pushes breakeven higher (price must go up more). For shorts with positive funding rate: funding is income that pushes breakeven lower (price needs to fall less). Enter the raw rate — the calculator applies the correct sign automatically.