> For the complete documentation index, see [llms.txt](https://help.blum.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.blum.io/blum-perps-faq/fees-and-funding.md).

# Fees and Funding

### Trading Fee

When trading Perps on Blum, you pay a small fee on each executed order:

* **0.08% of the position size**

Example: If you open a $1,000 BTC long, the fee is $0.80. If you later close that position, another $0.80 is charged.

***

### Funding

Perpetual Futures use **funding payments** to keep contract prices close to the spot market price.

* Funding is a small fee exchanged **between traders** (not paid to Blum).
* When most traders are **long**, the funding rate is positive: longs pay shorts.
* When most traders are **short**, the funding rate is negative: shorts pay longs.
* Funding is charged or received at fixed intervals, usually **every 8 hours**.

Example: If the funding rate is +0.01% and you hold a $5,000 position through the funding timestamp, you’ll pay $0.50 as a long trader. If you’re short, you’ll receive $0.50.

Funding only applies when you keep a position open across a funding interval. If you open and close a trade before the funding time, you don’t pay or receive funding.