Dear OKX Users,
To mitigate market risks and enhance user experience, OKX will adjust the funding rate settlement frequency for the SWEATUSDT perpetual contract starting February 2, 2025.
Key Adjustment Details
| Contract | Previous Funding Rate Interval | New Funding Rate Interval | Adjustment Time (UTC+8) |
|----------------------|--------------------------------|---------------------------|--------------------------|
| SWEATUSDT Perpetual | Every 8 hours | Every 4 hours | 4:00 PM |
Current vs. Updated Schedule
- Before Adjustment: Funding fees were settled at 12:00 AM, 8:00 AM, and 4:00 PM (UTC+8) daily.
- After Adjustment: Settlements will occur at 12:00 AM, 4:00 AM, 8:00 AM, 12:00 PM, 4:00 PM, and 8:00 PM (UTC+8).
👉 Learn more about funding rate mechanics
Risk Management Advisory
Given recent market volatility, users are advised to:
- Reduce leverage by closing positions or adding margin.
- Monitor liquidation risks triggered by rate adjustments.
For further details, refer to OKX’s official funding rate documentation.
FAQ
Q: Why is OKX changing the funding rate interval?
A: The adjustment aims to align with market conditions and improve risk management for SWEATUSDT traders.
Q: How will this affect my open positions?
A: Positions will accrue funding fees more frequently, potentially impacting PnL. Adjust leverage accordingly.
Q: Can I opt out of this update?
A: No. The change applies universally to all SWEATUSDT perpetual contracts.
OKX remains committed to delivering a secure and efficient trading environment. For real-time updates, visit our Help Center.
OKX Team
February 2, 2025
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### Notes:
- Removed promotional links and non-2025 date references.