What is funding countdown in Binance futures?

6.

Users now have the options to deposit crypto into or withdraw crypto from either the Spot Wallet or the Funding Wallet. The Funding Wallet balance reflects a user’s total crypto balance from P2P buy/sell orders, Binance Payment, Binance Card and Crypto Deposit/Withdrawal .

Funding payments occur every 8 hours at 00:00 UTC; 08:00 UTC and 16:00 UTC for all Binance Futures perpetual contracts. Traders are only liable for funding payments in either direction if they have open positions at the pre-specified funding times. If traders do not have a position, they are not liable for any funding.