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Make ongoing funding costs (or receipts) visible before you carry a leveraged perp through multiple funding intervals.
Launch Funding Rate PnL →Purpose
Make ongoing funding costs (or receipts) visible before you carry a leveraged perp through multiple funding intervals.
When to use it
- Funding rates are elevated and you plan to hold
- You compare long vs short carry
- You are journaling a trade’s true cost
- You already modeled price P&L separately
How to use it
- Enter position notional and rate. Use the funding rate and size that match your venue.
- Set intervals. Match how often the venue pays funding.
- Read estimated funding P&L. Combine with price P&L for a fuller picture.
- Re-check live rates. Funding changes — do not assume yesterday’s rate forever.
Benefits
- Carry costs become concrete
- Pairs with short P&L and profit tools
- Educational for new perp traders
- Free local estimate
Pitfalls to avoid
- Venue formulas and caps differ
- Rates flip signs
- Ignores fees and slippage
- Estimate only
Price P&L is not the whole story
A flat price can still drain a long when funding is persistently positive. Estimate funding explicitly, then decide if the thesis is worth the carry.
Related links
Updated 2026-09-09. Educational only — not financial advice.