When is the funding fee credited/deducted?

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.

More about funding on Binance You can check the current and past funding rates on Binance here.

More about funding on Bybit You can check the current and past funding rates on Bybit here.