A shared taxi where the fuller side chips in extra to keep the ride fair.
The crowded side of the market pays a small fee every few hours to the smaller side. Whether or not the price ever moves.
$10,000 long, price flat all month → still $400 paid in funding.
You already pay this. Throb offsets it. It's not a bet on which way funding goes.
Perpetuals never expire, so funding is the payment that tethers them to spot. When it flips positive, leveraged longs are bleeding to hold. Crowded, and expensive.
Positive funding means longs are paying to stay long.
Charged only if your risk does not materialise. If it does, your full collateral is returned along with the settlement.
Above your verified exposure of 0 ETH.
Every position must offset risk you already carry. That is enforced by the contract, not by policy.
Connect a wallet to check your exposure.