OKX to adjust funding rate interval for ONTUSDT perpetual futures
In order to mitigate risks and improve your trading experience, OKX will adjust the funding rate interval for ONTUSDT perpetual future on Jan 14, 2025.
Specific adjustment details are as follows:
| Futures | Funding rate interval before adjustment | Funding rate interval after adjustment | Adjustment time (UTC) |
|---|---|---|---|
| ONTUSDT perpetual | Every 8 hours | Every 4 hours | 12:00 am |
The original funding rate interval for above 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 above 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.
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
Jan 14, 2025