What is the Deribit funding rate interval?

Can you clarify for me what exactly the Deribit funding rate interval is? I understand that it's related to the funding mechanism on the Deribit exchange, but I'm not entirely sure how frequently it's calculated or what factors influence it. Is there a set schedule for when the funding rate is adjusted, or does it vary based on market conditions? Additionally, how does the funding rate play into the overall trading experience on Deribit?