Calculator · carry

Bitcoin Funding Cost Calculator

Estimate what funding costs — or pays — to hold a Bitcoin perpetual position. Enter your position size, the funding rate, and how long you hold to see the total and the annualized carry.

Direction
Total funding$21 you pay
Per day$3
Annualized rate+10.95%

How the estimate works

Funding is charged on notional position size at each funding interval. The calculator multiplies your position size by the funding rate per interval, by the number of intervals per day, by the days you hold — giving the total funding paid or received.

Sign follows the funding rate and your side: a long pays when funding is positive and receives when it is negative, and a short is the mirror. The tool also shows the daily cost and an annualized rate so you can compare carry across positions.

This estimate assumes a constant funding rate over the holding period. Real funding varies every interval, so treat the output as a planning figure rather than an exact charge.

Estimate only

Funding rates change every interval; this assumes a constant rate and is an educational estimate, not the exact amount your exchange will charge. This is not financial advice.

Funding cost calculator — FAQ

How is Bitcoin funding cost calculated?

Funding cost is your notional position size times the funding rate per interval, times the number of intervals per day, times the number of days held. The tool sums that into a total and an annualized rate.

Do I pay or receive funding?

A long pays funding when the rate is positive and receives it when negative; a short is the opposite. The calculator applies the sign based on your side and the rate.

How many funding intervals are there per day?

Most venues use several fixed intervals per day; the default is adjustable so you can match your exchange's schedule.

Why is the real cost different?

The calculator assumes a constant funding rate, but real funding changes every interval, so the actual cost drifts from the estimate over time.