OKX to adjust funding rate interval for certain perpetual futures
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