How much is the overnight fee for Binance Futures?

Binance futures overnight rates vary based on contract type and market conditions. The overnight fee is calculated based on the position value, annualized rate and holding time, and can be a positive or negative number. A positive overnight fee is paid by a long position to a short position, and the reverse is true for a negative overnight fee. Factors that influence overnight rates include market sentiment, funding rates and supply and demand dynamics of the underlying asset.

What is the overnight fee for Binance Futures?

Binance Futures is a leveraged trading tool that allows users to go long or short on the underlying asset without holding the asset. However, when a position is held overnight, an overnight fee will be charged.

Overnight Rate

The overnight rate for Binance Futures is not fixed but varies based on contract type and market conditions. Typically, spot contracts have lower overnight rates, while perpetual contracts have higher overnight rates.

Calculating overnight fees

Binance’s overnight fees are calculated according to the following formula:

过夜费 = 持仓头寸价值 * 过夜费率 * 持仓时间

Where:

Open position value: The absolute value of the contract face value Overnight rate: Annualized rate, expressed as a percentage Holding time: Hold the position overnight The time is calculated in hours

Positive overnight fee and negative overnight fee

The overnight fee can be a positive or negative number. When the overnight fee is a positive number, the long position needs to pay a fee to the short position; when the overnight fee is a negative number, the short position needs to pay a fee to the long position.

Factors affecting overnight rates

The following factors may affect overnight rates on Binance Futures:

Market sentiment Funding rates Supply and demand dynamics of underlying assets Binance’s own adjustments

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