Dear valued customers,
To improve the liquidity of our perpetual swap trading market, we will adjust the fee schedule, funding rate, and settlement rules for perpetual swap trading. Details are as follows:
Effective Date: 18:00 June 25, 2019 (CEST, UTC+2)
After the adjustment:
Perpetual Swap Funding Rate & Settlement Rules
- Funding & Settlement Rules
Starting 18:00 June 25, 2019 (CEST), the daily settlement will change from two times a day: 04:00 (CEST), 16:00 (CEST), to three times a day: 06:00 (CEST), 14:00 (CEST), 22:00(CEST).
- Funding Rate
Funding Rate = Clamp(MA(((Best Bid + Best Offer)/2-Spot Index Price)/Spot Index Price-Interest),a,b)
*Interest is currently zero
*For BTC, ETH, EOS, XRP, BCH, BSV, ETC, LTC, TRX swaps: a=-0.3%, b=0.3%
Your feedback is welcome and appreciated. If you have any suggestions for us on improving our perpetual swap trading, please feel free to send us an email at futures@OKX.com.
June 21, 2019