The funding rate is used for positions and spot prices. If the contract price is higher, long positions pay short positions; if lower, shorts pay longs. In the ZSPM model, payments depend on the market maker's position. The rate is calculated hourly:
DAO sets the interest rate, updated every 5 seconds to calculate the average premium rate. This refined translation aims to convey complex information directly in concise language, minimizing the number of words.
