Based on community feedback and the desire to provide a better trading experience, ONUS Pro has implemented an update to the Funding Rate mechanism to facilitate users in maintaining long-term positions.
The Funding Rate mechanism will not be executed when the Funding rate falls within the range greater than -0.15% and less than 0.15%. With this enhancement, users with open positions in trading pairs featuring a low Funding rate will not have to make any Funding fee payments.
Example
Trader A opens a Long position with a volume of 1 BTC. At the Funding settlement time, the BTC’s marked price is $35,000, and the Funding rate is a positive 0.14%.
- Under the old mechanism, Trader A’s Funding fee payment would be: 35000 * 0.14% = $49.
- With the new update, Trader A will not have to pay this $49 Funding fee, allowing them to maintain the position for a longer duration and reduce the risk of liquidation
How Funding Fee is settled at ONUS Pro
The Funding fee settlement timing at ONUS Pro will apply to each trading pair individually. For detailed information, please refer to: https://pro.goonus.io/en/information.
- At the Funding time, depending on the actual Funding Rate, traders with open positions will settle the Funding fees with each other. Funding Rates are paid peer-to-peer. Therefore, ONUS takes no fees from Funding Rates as they happen directly between users.
- If positions are fully closed before the settlement time, traders will not have to make or receive Funding fee payments.
- Trading pairs subject to the Funding Rate mechanism will not execute fee collection and payment when the Funding Rate falls within the range greater than -0.15% and less than 0.15%.
