**How can I use BitMEX's funding fee to calculate long-term holding costs ?**
BitMEX is a cryptocurrency derivatives exchange that offers trading of a variety of products, including futures, options, and swaps. One of its most popular features is its funding fee, which is calculated and charged every 8 hours. This fee is used to ensure that the price of the underlying asset remains close to the market price.

**What is the Funding Fee?**
The funding fee is a fee that is charged to traders every 8 hours in order to incentivize them to keep their positions open. The fee is calculated according to the difference between the market price and the price of the underlying asset. If the market price is higher than the underlying asset, then the funding fee is charged to the trader. If the market price is lower than the underlying asset, then the trader receives a rebate.

**How Can I Use the Funding Fee to Calculate Long-Term Holding Costs?**
The funding fee can be used to calculate long-term holding costs. By calculating the funding fee over a longer period of time, traders can determine how much they are paying to keep their positions open.

The funding fee can also be used to calculate the cost of holding a position for a certain period of time. By calculating the fee over a longer period of time, traders can determine the cost of holding a position for a specific period of time.

**Conclusion**
The funding fee is a fee that is charged to traders every 8 hours in order to incentivize them to keep their positions open. By calculating the fee over a longer period of time, traders can determine the cost of holding a position for a certain period of time. This can be used to calculate long-term holding costs and to ensure that traders are not overpaying for their positions.

**Video Link**
Check out this video to learn more about how to calculate the funding fee on BitMEX: