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OKX to adjust funding rate interval for certain perpetual futures

Publicat la 12 iul. 20242 min citire

In order to mitigate risks and improve your trading experience, OKX will adjust the funding rate interval for certain perpetual futures on July 18, 2024, and July 25, 2024.

Specific adjustment details are as follows:

July 18, 2024:

Futures Funding rate interval before adjustment Funding rate interval after adjustment Adjustment time(UTC)
TRBUSDT perpetual Every 8 hours Every 4 hours 8:00 am

July 25, 2024:

Futures Funding rate interval before adjustment Funding rate interval after adjustment Adjustment time(UTC)
AUCTIONUSDT perpetual Every 8 hours Every 4 hours 8:00 am
GASUSDT perpetual Every 8 hours Every 4 hours 8:00 am
MINAUSDT perpetual Every 8 hours Every 4 hours 8:00 am
ORBSUSDT perpetual Every 8 hours Every 4 hours 8:00 am

The original funding rate interval for these perpetual futures is 8 hours. The platform settles funding fees at 12:00 am, 8:00 am, and 4:00 pm each day.

Post adjustment, the funding rate interval for these contracts will be 4 hours. The platform will settle funding fees at 12:00 am, 4:00 am, 8:00 am, 12:00 pm, 4:00 pm, 8:00 pm each day.

For example, for the TRBUSDT perpetual contract, the funding fee settlement schedule before and after the adjustment is as follows:

Funding rate interval Date Funding fee settlement time(UTC)
Every 8 hours July 18, 2024 12:00 am
Adjusted from every 8 hours to every 4 hours July 18, 2024 8:00 am
Every 4 hours July 18, 2024 12:00 pm
Every 4 hours July 18, 2024 4:00 pm
Every 4 hours July 18, 2024 8:00 pm
Every 4 hours July 19, 2024 12:00 am
Every 4 hours July 19, 2024 4:00 am
Every 4 hours July 19, 2024 8:00 am
Every 4 hours July 19, 2024 12:00 pm
Every 4 hours July 19, 2024 4:00 pm
Every 4 hours July 19, 2024 8:00 pm

Learn more: https://www.okx.com/trade-market/funding/swap

Risk disclaimer

As the market is highly volatile, rules adjustments may potentially lead to forced liquidation, users are encouraged to decrease leverage by either increasing margins or closing positions.

For any inquiries regarding this adjustment, please feel free to contact us via the OKX Telegram group or the Support Center.

OKX team

July 12, 2024