-
Bitcoin $106,754.6083
1.33% - Ethereum
$2,625.8249
3.80% - Tether USDt
$1.0001
-0.03% - XRP
$2.1891
1.67% - BNB
$654.5220
0.66% - Solana
$156.9428
7.28% - USDC
$0.9998
0.00% - Dogecoin
$0.1780
1.14% - TRON
$0.2706
-0.16% - Cardano
$0.6470
2.77% - Hyperliquid
$44.6467
10.24% - Sui
$3.1128
3.86% - Bitcoin Cash
$455.7646
3.00% - Chainlink
$13.6858
4.08% - UNUS SED LEO
$9.2682
0.21% - Avalanche
$19.7433
3.79% - Stellar
$0.2616
1.64% - Toncoin
$3.0222
2.19% - Shiba Inu
$0.0...01220
1.49% - Hedera
$0.1580
2.75% - Litecoin
$87.4964
2.29% - Polkadot
$3.8958
3.05% - Ethena USDe
$1.0000
-0.04% - Monero
$317.2263
0.26% - Bitget Token
$4.5985
1.68% - Dai
$0.9999
0.00% - Pepe
$0.0...01140
2.44% - Uniswap
$7.6065
5.29% - Pi
$0.6042
-2.00% - Aave
$289.6343
6.02%
Does Bitfinex contract have overnight fees?
Yes, Bitfinex charges overnight fees on perpetual contracts, with the funding rate varying based on the contract and market conditions.
Nov 07, 2024 at 11:00 pm
Does Bitfinex Contract Have Overnight Fees?
Bitfinex, a popular cryptocurrency exchange, offers a wide range of trading options, including perpetual contracts. These contracts are perpetual futures contracts that allow traders to speculate on the future price of an underlying cryptocurrency.
One of the key considerations when trading perpetual contracts is the overnight funding rate. This rate is charged to traders who hold positions overnight and is designed to incentivize traders to close their positions before the daily settlement time.
Does Bitfinex Contract Have Overnight Fees?
Yes, Bitfinex charges overnight fees on perpetual contracts. The overnight funding rate is calculated every 8 hours and is based on the difference between the perpetual contract price and the spot price of the underlying cryptocurrency. If the perpetual contract price is higher than the spot price, then traders will pay an overnight fee. If the perpetual contract price is lower than the spot price, then traders will receive an overnight fee.
How Are Overnight Funding Rates Calculated?
The overnight funding rates on Bitfinex are calculated using the following formula:
Funding Rate = (Interest Rate - Premium) / 8- Interest Rate: The annualized interest rate for the underlying cryptocurrency. This rate is determined by the market and can vary over time.
- Premium: The difference between the perpetual contract price and the spot price of the underlying cryptocurrency.
When Are Overnight Funding Rates Applied?
Overnight funding rates are applied every 8 hours at the following times:
- 00:00 UTC
- 08:00 UTC
- 16:00 UTC
How Can I Avoid Paying Overnight Fees?
There are two ways to avoid paying overnight fees on Bitfinex:
- Close your positions before the daily settlement time. The daily settlement time is 00:00 UTC. If you close your positions before this time, you will not be charged any overnight fees.
- Trade in a perpetual contract that has a low overnight funding rate. The overnight funding rate can vary depending on the underlying cryptocurrency and the market conditions. If you trade in a perpetual contract that has a low overnight funding rate, you will be less likely to pay significant overnight fees.
Additional Considerations
- Overnight fees can be significant. The overnight funding rate can vary, but it can be as high as 0.1%. This means that if you hold a large position overnight, you could pay significant fees.
- Overnight fees can impact your trading strategy. If you are planning on holding positions overnight, you should factor in the cost of overnight fees when you are planning your trades.
- Bitfinex offers a range of perpetual contracts. Bitfinex offers perpetual contracts on a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Each perpetual contract has its own unique overnight funding rate.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- 2025-W Uncirculated American Gold Eagle and Dr. Vera Rubin Quarter Mark New Products
- 2025-06-13 06:25:13
- Ruvi AI (RVU) Leverages Blockchain and Artificial Intelligence to Disrupt Marketing, Entertainment, and Finance
- 2025-06-13 07:05:12
- H100 Group AB Raises 101 Million SEK (Approximately $10.6 Million) to Bolster Bitcoin Reserves
- 2025-06-13 06:25:13
- Galaxy Digital CEO Mike Novogratz Says Bitcoin Will Replace Gold and Go to $1,000,000
- 2025-06-13 06:45:13
- Trust Wallet Token (TWT) Price Drops 5.7% as RWA Integration Plans Ignite Excitement
- 2025-06-13 06:45:13
- Ethereum (ETH) Is in the Second Phase of a Three-Stage Market Cycle
- 2025-06-13 07:25:13
Related knowledge
Sentiment indicators in contract trading: How to use the long-short ratio to make decisions?
Jun 14,2025 at 07:00am
What Are Sentiment Indicators in Contract Trading?In the realm of cryptocurrency contract trading, sentiment indicators play a crucial role in gauging market psychology. These tools help traders understand whether the market is dominated by bullish or bearish expectations. Among these indicators, the long-short ratio stands out as one of the most tellin...
Seasonal laws of futures contracts: The reference value of historical data for trading
Jun 16,2025 at 02:21am
Understanding Futures Contracts in the Cryptocurrency MarketIn the cryptocurrency market, futures contracts are derivative financial instruments that allow traders to speculate on or hedge against the future price of a digital asset. These contracts obligate the buyer to purchase an asset (or the seller to sell an asset) at a predetermined future date a...
Perpetual contract flash crash response: How to set up automatic risk control?
Jun 13,2025 at 06:28pm
Understanding Perpetual Contract Flash CrashesA flash crash in the context of perpetual contracts refers to a sudden, sharp, and often short-lived drop or spike in price due to high volatility, thin order books, or algorithmic trading activities. These events can lead to massive liquidations across long or short positions on trading platforms. Traders m...
Take-profit strategy in contract trading: Comparison between dynamic take-profit and fixed take-profit
Jun 14,2025 at 07:08am
What Is Take-profit in Contract Trading?In the realm of cryptocurrency contract trading, take-profit refers to a predefined price level at which a trader automatically closes a profitable position. This mechanism is essential for risk management and profit locking. Traders use take-profit orders to ensure they secure gains without being swayed by emotio...
Futures contract trading cold knowledge: What does the change in position volume indicate?
Jun 14,2025 at 09:22pm
Understanding Position Volume in Futures Contract TradingIn the world of futures contract trading, position volume is a key metric that often goes overlooked by novice traders. Unlike simple price or volume indicators, position volume reflects the total number of open contracts at any given time. This metric provides insights into market sentiment and c...
Analysis of perpetual contract reverse contracts: The difference between BTC/USD and USD/BTC
Jun 15,2025 at 03:49am
Understanding Perpetual Contracts in Cryptocurrency TradingIn the realm of cryptocurrency derivatives, perpetual contracts have become a cornerstone for both novice and seasoned traders. Unlike traditional futures contracts that have an expiration date, perpetual contracts can be held indefinitely. This feature allows traders to maintain positions as lo...
Sentiment indicators in contract trading: How to use the long-short ratio to make decisions?
Jun 14,2025 at 07:00am
What Are Sentiment Indicators in Contract Trading?In the realm of cryptocurrency contract trading, sentiment indicators play a crucial role in gauging market psychology. These tools help traders understand whether the market is dominated by bullish or bearish expectations. Among these indicators, the long-short ratio stands out as one of the most tellin...
Seasonal laws of futures contracts: The reference value of historical data for trading
Jun 16,2025 at 02:21am
Understanding Futures Contracts in the Cryptocurrency MarketIn the cryptocurrency market, futures contracts are derivative financial instruments that allow traders to speculate on or hedge against the future price of a digital asset. These contracts obligate the buyer to purchase an asset (or the seller to sell an asset) at a predetermined future date a...
Perpetual contract flash crash response: How to set up automatic risk control?
Jun 13,2025 at 06:28pm
Understanding Perpetual Contract Flash CrashesA flash crash in the context of perpetual contracts refers to a sudden, sharp, and often short-lived drop or spike in price due to high volatility, thin order books, or algorithmic trading activities. These events can lead to massive liquidations across long or short positions on trading platforms. Traders m...
Take-profit strategy in contract trading: Comparison between dynamic take-profit and fixed take-profit
Jun 14,2025 at 07:08am
What Is Take-profit in Contract Trading?In the realm of cryptocurrency contract trading, take-profit refers to a predefined price level at which a trader automatically closes a profitable position. This mechanism is essential for risk management and profit locking. Traders use take-profit orders to ensure they secure gains without being swayed by emotio...
Futures contract trading cold knowledge: What does the change in position volume indicate?
Jun 14,2025 at 09:22pm
Understanding Position Volume in Futures Contract TradingIn the world of futures contract trading, position volume is a key metric that often goes overlooked by novice traders. Unlike simple price or volume indicators, position volume reflects the total number of open contracts at any given time. This metric provides insights into market sentiment and c...
Analysis of perpetual contract reverse contracts: The difference between BTC/USD and USD/BTC
Jun 15,2025 at 03:49am
Understanding Perpetual Contracts in Cryptocurrency TradingIn the realm of cryptocurrency derivatives, perpetual contracts have become a cornerstone for both novice and seasoned traders. Unlike traditional futures contracts that have an expiration date, perpetual contracts can be held indefinitely. This feature allows traders to maintain positions as lo...
See all articles
