What does funding mean on Binance?

Funding fees are periodic payments to traders . Funding fees are paid peer-to-peer. Therefore, Binance takes no fees from funding rates as they happen directly between users. Depending on their positions, traders will either pay or receive funding.

Funding Rates consist of two main components: the interest rate and the premium. On Binance Futures, the interest rate is fixed at 0.03% daily (0.01% per funding interval) , with the exception of contracts such as BNBUSDT and BNBBUSD, where interest rates are 0%.27 Oca 2022

Binance security features also include address whitelisting, device management, and the ability to restrict device access. Like Coinbase, all USD balances are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) and held in custodial bank accounts .