The price of a perpetual future is based on the value of its underlying instrument. Axi acts as principal, so the price you see may differ from the underlying market — this happens through Axi applying its spread to the prevailing bid/offer of the underlying instrument. It can also differ due to market conditions, supply and demand, and liquidity.
Funding is a periodic payment between long and short position holders, designed to help keep a perpetual future's price aligned with its underlying spot/index price. It's a mechanism, not a guarantee — the two prices aren't required to converge or stay equal. Funding is a debit or credit while you hold a position; it is separate from the trading fee charged only when you open or close a position.
| Perpetual price above spot | Perpetual price below spot |
Funding rate | Generally positive | Generally negative |
Who pays | Longs generally pay shorts | Shorts generally pay longs |
Axi Trading Platform: generally every 8 hours. Some instruments may use a different schedule (e.g., every 4 hours) — check the specific instrument's funding schedule in the platform or Product Schedule.
MT5: applied in line with standard CFD financing methodology, generally as a single daily adjustment. Rate and timing vary by instrument.
Funding is settled three times daily on the Axi Trading Platform: 00:00, 08:00 and 16:00 UTC.
If BTCUSD is trading at $60,000 and your position size is 0.1 lots:
Position value = $60,000 × 0.1 = $6,000
If the funding rate is 0.1%: funding charge = $6,000 × 0.1% = $6
Funding rate | Long positions | Short positions |
Positive | Debit | Credit |
Negative | Credit | Debit |
Always check the current funding rate shown on the platform before or while holding a position. This example is for illustration only and does not reflect live funding rates.
