Adjustment of funding rate rules for FILUSDT perpetual swap
In order to keep perpetual swap market price in line with the spot index price, the upper limit of the funding rate of the FILUSDT perpetual will be adjusted at 08:00 (UTC) on Nov. 9, 2020 (The earliest settlement time for the adjusted fee rate is 0:00 on Nov. 10). The specific adjustment details are as follows:
1. Current funding rate rules of FILUSDT Perpetual Swap:
Funding Rate = Clamp (MA (((Best Bid + Best Ask)/2-Spot Index Price)/Spot Index Price-Interest), a, b)
*Interest is currently zero
a=-2.00%, b=2.00%
2. The adjusted fund rate rulesof FILUSDT Perpetual Swap:
Funding Rate = Clamp (MA (((Best Bid + Best Ask)/2-Spot Index Price)/Spot Index Price-Interest), a, b)
*Interest is currently zero
a=-0.75%, b=0.75%
The data and indicators above may be adjusted in real time according to market conditions, and these adjustments may not be announced in advance.
Click Here to Download OKX App >>>