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Research guides

From funding rates to actual costs

Worked examples and official venue sources for funding fee amounts, payment direction, and cross-venue funding spreads after trading costs.

Funding fee calculation

How funding fees work: amounts, signs and settlement

Calculate a 0.01% funding payment on a 10,000 USDT position, identify who pays negative funding, and reconcile leverage, settlement rules and historical records.

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Two-leg cost check

Cross-venue funding spreads: from gross rates to net P&L

Align 4h and 8h funding rates, account for four entry and exit trading fees, and work through net P&L and conditional breakeven for cross-venue funding arbitrage.

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Isolated liquidation check

How liquidation price is calculated: tiered maintenance margin and deductions

Work out an isolated liquidation price from a venue's real margin tiers and deduction, and see why the common shortcut formula is off by tens to hundreds of USDT.

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Stock perps comparison

US stock perpetuals compared: leverage, funding and depth on 6 venues

Max leverage, funding rates, settlement intervals, turnover and weekend rules for NVDA, TSLA, SOXL, QQQ and other stock perps on six venues.

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