BingX switches funding to hourly settlement

BingX announced on November 4, 2026 that funding for its STRC perpetual contract would settle every hour. The update applies to the specified instrument; the announcement does not establish an exchange-wide change. Traders assessing the cost of holding STRC positions therefore need to account for an hourly settlement interval.

The official BingX announcement lists settlements at 05:00, 06:00, 07:00, 08:00 and subsequent hours in UTC+8. It also allows for further frequency changes without separate announcements. Checking the contract's current parameters is consequently more useful than relying on a saved screenshot or the conditions displayed when a position was opened.

What funding means

Funding consists of periodic payments between traders holding opposing positions in a perpetual futures contract. A long position benefits from rising prices; a short benefits from falling prices. Perpetual contracts have no fixed expiry, so funding helps keep their market price close to the underlying asset's spot price.

When the rate is positive, long holders pay short holders. When it is negative, shorts pay longs. As BingX explains in its funding documentation, these payments pass between participants rather than becoming trading fees retained by the exchange. Settlement applies to positions that remain open when funding is processed.

A payment example

Consider a position with a notional value of 1,000 USDT and an illustrative funding rate of 0.01% per settlement interval. Multiplying the position value by the rate produces a payment of 0.10 USDT. With positive funding, a long holder pays that amount and the corresponding short side receives it. This is an example, rather than STRC's current rate. The general calculation is described in funding documentation.

If that hypothetical rate and position value remained unchanged for a full day, hourly settlement would generate 24 payments totaling 2.40 USDT. Actual payments depend on the rate at each settlement. Rates can change sign, while traders can increase or reduce their positions during the holding period.

Why the interval matters

An hourly schedule alone does not establish how much more expensive funding has become. That comparison requires the previous interval, the applicable rates and the same holding period. A displayed rate of 0.01% per hour represents a different financing cost from 0.01% every eight hours, despite the identical percentage.

Funding is calculated on position value. With a 1,000 USDT position supported by 100 USDT of margin, a 0.10 USDT payment equals 0.1% of that margin. Leverage can therefore make small funding percentages meaningful relative to the trader's collateral. Receiving funding also cannot guarantee profit, because an adverse price move may exceed those receipts.

What traders should check

Before opening or continuing to hold STRC, traders should review the rate's sign, settlement interval, next payment and available collateral. A useful assessment combines price gains or losses, execution fees and total funding paid or received. A position can show a price profit while producing a net loss after costs.

Information about trading fee rebates is available on the DeFee homepage. Funding should be tracked separately when assessing any rebate: it is a distinct cash flow between market participants that contributes to the final trading result.