This is one of the disadvantage of using shot coins to trade, because the funding fee can be high. I have been deducted over $200 before because of the funding fee of a shit coin on the future market.
It's because so many people anticipate shitcoins to dump once they have pumped. So the funding rate ends up being negative and abnormally huge 
So short positions pay long positions in this scenario.
If I close the position before the time stated, the exchange will not deduct anything?
I think the fee will not be deducted if I close the position before the next 8 hours began. What do you think?
Funding fee is deducted only every 8 hours or 1 hour (I remember an exchange that would charge hourly, but it was a few years back). Any position opened and closed between the funding rate hours won't be charged the funding fee.I think the fee will not be deducted if I close the position before the next 8 hours began. What do you think?