Starting April 24, 2022 at 0:00 (UTC), funding fees for CELOUSDT, RVNUSDT, KLAYUSDT, SCUSDT and XEMUSDT perpetual contracts* will be settled immediately at rates derived from the current funding interval.

Given that the above-mentioned contracts may face large price fluctuations, this adjustment helps traders to better navigate and take advantage of the spread between the perpetual contract market and the spot market.

Before adjustment

Before this adjustment, funding fees were calculated based on the funding rate derived from the previous funding interval.

Let’s take the 8 hour funding interval as an example.

In this case, the funding rate for the day at 16:00 (UTC) is calculated based on the funding rate calculated from 0:00 midnight (UTC) to 8:00 (UTC).

If the rate at 8:00 (UTC) is positive, the long position holder will pay the short position holder at the rate locked at 8:00 (UTC) at 16:00 (UTC) on the same day.

Similarly, the funding rate calculated from 8:00 (UTC) to 16:00 (UTC) will be used to calculate the funding fee at 0:00 midnight (UTC) the following day.

Go to Bybit Official Website

After adjustment

After this adjustment is made, the funding fee for the current day at 8:00 (UTC) is calculated based on the funding rate calculated from 0:00 midnight (UTC) to 8:00 (UTC).

Please note: Rates may fluctuate before the end of the countdown period, and you should manage your positions flexibly according to the actual situation.

*According to the market trend, you can close the positions of the above five contracts before each fund settlement to avoid additional charges.

Go to Bybit Official Website