The funding fee is typically credited or deducted by the exchange every 8 hours (at 00:00, 08:00, and 16:00 UTC). The actual time of funding fee processing may differ from the scheduled time by up to 1 minute. For example, if a trader opens a position at 08:00:59 UTC, they may still be charged or credited the funding fee. The same rule applies when closing a position. If a position is closed before the exchange processes the funding fee (even if the scheduled time has arrived), the fee will not be credited or deducted.
