How Often Is the Funding Rate Typically Calculated and Exchanged on Major Crypto Exchanges?

On most major cryptocurrency derivatives exchanges, the funding rate is calculated every second, but it is exchanged between traders every eight hours. This 8-hour interval is a common standard, though some exchanges may use 4-hour or 12-hour intervals.

The rate exchanged is an average of the calculated rates over that period. This periodic settlement ensures that the perpetual contract price remains closely tethered to the spot price without the need for an expiration date.