OKX, a leading cryptocurrency exchange, has announced an adjustment to the funding fee settlement frequency for its PROMPTUSDT perpetual contracts. This change aims to mitigate market risks and enhance user experience.
Key Details of the Adjustment
| Contract | Previous Frequency | New Frequency | Effective Time (UTC+8) |
|---|---|---|---|
| PROMPTUSDT Perpetual | Every 4 hours | Every 2 hours | April 11, 2025, 4:00 PM |
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Why This Change Matters
Funding fees are crucial in perpetual contracts to balance the price between the contract and the underlying asset. By increasing the settlement frequency:
- Reduces market manipulation risks: More frequent settlements discourage large position exploits
- Improves price stability: Tightens the peg between contract and spot prices
- Enhances trading experience: Allows for more responsive position management
Risk Management Advisory
Given current market volatility, OKX strongly recommends traders:
- Monitor positions closely around settlement times
- Consider adjusting leverage ratios
- Maintain adequate margin levels
- Utilize stop-loss orders appropriately
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Frequently Asked Questions
Q: Will this affect my existing positions?
A: Yes, all open PROMPTUSDT perpetual positions will begin using the new 2-hour settlement schedule after the implementation time.
Q: How does this compare to other exchanges?
A: While settlement frequencies vary across platforms, 2-hour intervals have become increasingly common for major trading pairs.
Q: Can I opt out of these changes?
A: No, this is a platform-wide adjustment affecting all PROMPTUSDT perpetual contract traders.
Q: Will funding rate calculations change?
A: Only the frequency changes - the calculation methodology remains unchanged.
Looking Ahead
OKX remains committed to providing a secure and efficient trading environment. This adjustment reflects ongoing efforts to:
- Stay ahead of market developments
- Implement proactive risk controls
- Deliver institutional-grade trading infrastructure
Traders can expect continued platform enhancements throughout 2025 as OKX strengthens its derivatives offerings.