Announcement on Adjustment of Funding Rate Rules for DOGEUSDT Perpetual Swap

Dear valued customers,

In order to keep perpetual swap market price in line with the spot index price, the upper limit of the funding rate of the DOGEUSDT perpetual will be increased at 08:00 (UTC) on Jan. 29, 2021, ( The earliest settlement time for the adjusted fee rate is 0:00 on Jan. 30 ). The specific adjustment details are as follows:

1.Current funding rate rules of DOGEUSDT Perpetual Swap:

Funding Rate = Clamp (MA (((Best Bid + Best Ask)/2-Spot Index Price)/Spot Index Price-Interest), a, b)

*Interest is currently zero

a=-0.75%, b=0.75%

2. The adjusted fund rate rules of DOGEUSDT Perpetual Swap:

Funding Rate = Clamp (MA (((Best Bid + Best Ask)/2-Spot Index Price)/Spot Index Price-Interest), a, b)

*Interest is currently zero

a=-3.00%, b=3.00%

The above data and indicators may be adjusted in real time according to market conditions, adjustments will not be notified in advance.

Regards,
OKX
Jan. 29, 2021 (UTC)

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