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  • Writer's pictureGlobal MoonXBT

What is overnight funding rate?

Updated: May 16, 2022

MoonXBT will charge 0.05% overnight funding at 0:00 UTC - 0:05 UTC.

Overnight Financing = Margin * leverage * 0.05%

  • Overnight funding is charged for any position that is carried into a new trading day (0:00 UTC)

  • Overnight funding is subtracted from your balance. If the balance fails to pay, your order will be closed then.

  • If you open a position after 0:00 UTC and close it before next 0:00UTC, no fees will be charged.

Note: Moon Points can't be used as overnight funding. If you plan to carry the position into a new trading day, please make sure that you've got enough balance to pay the overnight funding, otherwise your order will be closed.

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