Katana Perps — Funding Payments
Learn how Katana Perps funding payments align perpetual prices with spot, including 8-hour payments, premium index mechanics and positive or negative funding.
8-Hour Funding Cycle
Funding payments are exchanged between long and short position holders every eight hours at 00:00, 08:00 and 16:00 UTC. Positive funding means longs pay shorts; negative funding means shorts pay longs.
Funding Rate Mechanics
The rate combines a premium index with an interest-rate component. Impact bid and ask prices are sampled from the order book and time-weighted over the trailing period to smooth short-term volatility.