> ## Documentation Index
> Fetch the complete documentation index at: https://docs.roxom.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Funding & Settlement

> Learn how funding intervals align perpetual prices with underlyings and how P&L settles on position closure.

### Funding Interval

Funding payments between long and short position holders occur at regular intervals specific to each contract (*see* [*Funding Payments*](../funding-payments) *section for details*). Each contract's funding rate reflects the market's supply and demand imbalance for that asset, and the interval timing (e.g. 8h, 4h, 1h) is defined in the contract specifications.

### Settlement

As perpetual contracts, there is **no expiration date** and no final settlement. Unrealized P\&L continuously accrues based on the Mark Price and is realized when positions are closed. Funding payments serve as a mechanism to continually settle deviations between the contract price and the underlying price. If a position is liquidated, it is immediately closed out at market; any loss beyond the trader's collateral the Insurance Fund covers (and ultimately ADL if necessary).