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Ether Perpetual Funding Rates Track Payments Between Traders
On OKX, positive rates mean long holders pay short holders; negative rates reverse the payment. Funding helps align perpetual contract mark prices with spot indexes.

Perpetual futures use funding payments between traders holding opposite positions.
On OKX, a positive rate transfers payment from long holders to short holders; a negative rate reverses that direction. At 0.00%, no funding fee is settled.
The payment mechanism helps keep a perpetual contract’s mark price aligned with its spot index.
A funding rate describes the balance of payments in that derivatives contract, but it does not show which direction Ether’s spot price will take.