# Fees

## Trading Fees

Standard trading fees apply to buy and sell orders, which depend on your VIP level or maker/taker status. For more details, please refer to the section on [trading fees.](/exchange/trading/trading-fees.md)

## Funding Fees

#### **Overview**

* The funding rate is the rate paid between longs and shorts every 1 hour.
* If positive, longs pay shorts, if negative, shorts pay longs.
* The countdown shows the time remaining until the next payment.
  * If you close your position before the countdown ends, you will neither pay nor receive the funding fee.

<figure><img src="/files/1OH0QBpy0nDisiT0zQvM" alt=""><figcaption></figcaption></figure>

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#### **Settlement Cycle**

* The funding rate settlement cycle is currently 1 hour.
* If there are any changes, they will be updated under **“Market Info”** for the corresponding token.
* You can also check this information before trading.

<figure><img src="/files/GpHscO31CJHjqavCrV7b" alt=""><figcaption></figcaption></figure>

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#### **Calculation**

* The funding rate reflects market conditions and is **not controlled by the exchange**.
* It is mainly determined by the difference between the perpetual futures price and the spot price, market supply and demand, and borrowing costs.
* For details on how funding rates are calculated, please refer to the documentation [**here**.](/technical-docs/trading/futures-specs.md#funding-rate)

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#### **How to view the Funding History of a token?**

* On the exchange page, click **“More”** → **“Market Info”** →

<figure><img src="/files/H2QRNV23YoaPV3GqEn2j" alt=""><figcaption></figcaption></figure>

* Click **“Funding History”,** from the dropdown menu, select the token you want to review. You will see the funding rate details across different timestamps.

<figure><img src="/files/v5SVxXmqkzqyqqpSu91Q" alt=""><figcaption></figcaption></figure>

* To view a line chart of the token’s historical funding rates:
  * Go to the **Order Placement** page, select the token from the dropdown menu on the left.
  * Under the **Funding** tab, you can see the historical line chart.
  * Hover over the line to view the funding rate at a specific time.

<figure><img src="/files/EQT8ixCjdkY9vjlGHMS3" alt=""><figcaption></figcaption></figure>

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#### **View Your Funding Payments**&#x20;

* Click **Portfolio**.
* Under the **Futures** tab, click **Funding**.
* Use the dropdown menu on the right to select the token you want to view.

<figure><img src="/files/w4Rk2npss9nXL6DJafIc" alt=""><figcaption></figcaption></figure>


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