Announcement on Adjustment of Funding Rate Rules for FILUSDT 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 FILUSDT perpetual will be decreased at 08:00 (UTC) on Oct 20, 2020 (The earliest settlement time for the adjusted fee rate is 00:00 on Oct 21). The specific adjustment details are as follows:
1. Current funding rate rules of FILUSDT 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=-4.00%, b=4.00%
2. The adjusted fund rate rules of FILUSDT 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=-2.00%, b=2.00%
The above data and indicators may be adjusted in real time according to market conditions, adjustments will not be notified in advance.
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Oct 20, 2020 (UTC)
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