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How we calculateMarket hours

Market hours

Tokenized stocks, indices and commodities track a market that closes. On some venues — QFEX among them — funding is zero while the underlying market is closed.

Annualizing such a rate as if it paid every hour of the year overstates it. For these legs we:

  1. Learn each market’s funding schedule — the hours of the week that actually paid in the last 7 days.
  2. Count how many hours of your hold fall inside that schedule.
  3. Scale the leg’s funding by funded_hours / hold_hours.

The review shows it as Funding: N of M h, and market closed while it is. When the market is closed the current rate is zero, so the funded-hours average is used for the hours ahead.

The 7-day average already contains the closed hours as zeros, so it needs no correction.

Exchange holidays are not modelled: a holiday inside your hold counts as a normal trading day.