# 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://help.blum.io/blum-perps-faq/fees-and-funding.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.