Binance is a digital asset exchange platform that provides a wide range of services including spot and derivatives trading, margin trading, lending, staking, and more. One of the key features of Binance is its low fees.

In addition to charging low fees, Binance also offers a funding fee to help offset the costs associated with providing these services.

The funding fee is a small percentage of the total value traded on the platform and is paid by the taker (the party who places the order). The funding fee is used to reimburse the maker (the party who provides liquidity) for the costs associated with providing liquidity to the market.

The funding fee is also used to pay for the costs associated with running the platform, including but not limited to, customer support, server costs, and more.

The funding fee is charged on all trades placed on the platform and is paid by the taker. The funding fee is not charged on orders that are cancelled or not filled.

The funding fee is also not charged on trades that are made using Binance Coin (BNB).

The funding fee schedule is as follows:

0.01% for trades placed on spot markets
0.

02% for trades placed on margin markets
0.03% for trades placed on futures markets
0.05% for trades placed on options markets.

The funding fee is paid in the same currency as the trade being placed. For example, if you place a trade to buy BTC with USDT, you will pay a 0.01% funding fee in USDT.

If you place a trade to buy ETH with BTC, you will pay a 0.01% funding fee in BTC.