Announcement on Adjustment of Funding Rate Rules for UNIUSDT, UNIUSD, SUNUSDT, SUNUSD and JSTUSDT 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 following perpetual swap contracts will be increased at 08:00 (UTC) on September 20, 2020 (The earliest settlement time for the adjusted fee rate is 00:00 on September 21 (UTC)). The specific adjustment details are as follows:
1. Current funding rate rules of UNIUSDT、UNIUSD、SUNUSDT、SUNUSD and JSTUSDT Perpetual Swap:
Funding Rate = Clamp (MA (((Best Bid + Best Offer)/2-Spot Index Price)/Spot Index Price-Interest), a, b)
*Interest is currently zero
a=-0.3%, b=0.3%
2. The adjusted fund rate rules of UNIUSDT、UNIUSD、SUNUSDT、SUNUSD and JSTUSDT Perpetual Swap:
Funding Rate = Clamp (MA (((Best Bid + Best Offer)/2-Spot Index Price)/Spot Index Price-Interest), a, b)
*Interest is currently zero
a=-0.75%, b=0.75%
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Sep 18, 2020 (UTC)
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