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Funding Pnl Example
Funding PnL = Position Size * Sum(floating APY - fixed APY) / 30

Example

Andrew is long the Binance BTC funding rate:
Andrew enters a long position at a fixed rate of 2.00% with $100,000 notional.
Fixed APY: 2%
Floating APY over next 4 days
Day 1 | Day 2 | Day 3 | Day 4 |
4% 5% 1% 0%
On Day 4, Andrew would have a Funding PnL of:
$100,000 * [(4% - 2%) + (5% - 2%) + (1% - 2%) + (0% - 2%)] / 30 = $66.67 (6% APY without leverage, 60% with 10x leverage)
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