Suppose a trader holds a long position of 10 BTC in BTCUSDT Perpetual Swaps with a mark price of $38,000 and a funding rate of 0.01%:

$\text{Notional Value of Positions} = 10 \times \$38,000 = \$380,000$

Notional Value of Positions=10×$38,000=$380,000

$\text{Funding Fee} = \$380,000 \times 0.01\% = \$38$

Funding Fee=$380,000×0.01%=$38 Since the funding rate is positive, the trader holding the long position pays a $38 funding fee.