The unrealized margin funding (margin funding interest) needs to be paid either every day from your Margin Wallet, or be backed by margin funding on the margin funding market. You can choose which option you want for each of your positions:
- Daily: Your unrealized margin funding rate will be charged every day from your Margin Wallet, up to $10,000 USD worth of interest.
- Term*: Your unrealized margin funding will only be charged when you close your position. It will be backed by margin funding taken from the P2P margin funding market. Some users prefer term because it shows the total cost over the lifetime of the position, but results in additional funding being reserved to account for the growing balance.
All positions are by default charged daily.
To change from daily to term, navigate to the position section and tap on the daily button, as highlighted below.