To enhance risk management and optimize your trading experience, OKX will update the funding rate intervals for specific perpetual futures contracts. These changes will take effect on two separate dates:
Key Adjustment Dates
- July 18, 2024
- July 25, 2024
Detailed Schedule of Changes
Adjustments Effective July 18, 2024
| Futures Contract | Previous Interval | New Interval | Adjustment Time (UTC) |
|---|---|---|---|
| TRBUSDT Perpetual | Every 8 hours | Every 4 hours | 8:00 AM |
Adjustments Effective July 25, 2024
| Futures Contract | Previous Interval | New Interval | 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 |
Impact on Funding Fee Settlements
- Previous Schedule: Fees settled 3x daily (12:00 AM, 8:00 AM, 4:00 PM UTC).
- New Schedule: Fees settled 6x daily (12:00 AM, 4:00 AM, 8:00 AM, 12:00 PM, 4:00 PM, 8:00 PM UTC).
Example: TRBUSDT Perpetual Contract
| Interval | Date | Settlement Times (UTC) |
|---|---|---|
| Every 8 hours | July 18, 2024 | 12:00 AM |
| Transition | July 18, 2024 | 8:00 AM (adjusted to 4-hour) |
| Every 4 hours | From July 18 | 12:00 PM, 4:00 PM, 8:00 PM, etc. |
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Why This Matters
- Reduced Risk: More frequent funding rate updates help balance contract prices with spot markets.
- Improved Flexibility: Traders benefit from tighter alignment with market conditions.
Proactive Risk Management
Given market volatility, OKX recommends:
- Lowering leverage by increasing margin or closing positions.
- Monitoring positions closely during the transition period.
FAQ Section
Q: How will this affect my open positions?
A: Existing positions remain active but will now accrue funding fees under the new 4-hour schedule.
Q: Can I opt out of these changes?
A: No—the updates apply platform-wide to ensure market stability.
Q: Where can I get help?
A: Contact OKX support via official channels for assistance.
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