CoinEx’s announcement on the adjustment of perpetual contract funding rules and the upgrade and maintenance of contract functions.
In order to facilitate customers to reasonably calculate transaction costs and evaluate transaction risks, and to make the risk control mechanism of CoinEx perpetual contracts more scientific and effective, CoinEX will adjust the funding fee rules.
At the same time, the platform will upgrade the system server at 16:30 (UTC+8) on November 18, 2021.
The estimated duration is 30 minutes.
Contract trading-related functions will be suspended during the maintenance period, and other functions will not be affected. Details are as follows:
1. Perpetual Funding Rate Calculation
(1) Current rules
Funding Rate = Clamp (MA (((Impact Bid Price + Impact Mark Price) / 2 – Spot Price) / Spot Price – Interest), a, b)
The present Interest is 0.
For all CoinEx perpetual contracts: a = -0.375%, b = 0.375%
Impact Bid Price = the average price of “Impact Margin Amount” for bidders
Impact Mark Price = the average price of the “Impact Margin Amount” for sellers
(p.s. “Impact Margin Notional” refers to the total amount of the order book)
(2) After the adjustment
For BTCUSD, ETHUSD, BTCUSDT and ETHUSDT perpetual contracts: a = -0.375%, b = 0.375%
For the rest perpetual contracts: a = -0.75%, b = 0.75%
Other rules above remain unchanged.
Funding fees are paid between users who have long positions and users who have short positions. CoinEx does not participate in the collection of any funding fees.
These adjustments take effect plans for the 2021 Nian 11 Yue 19 Ri 08:00 ( UTC + 8 ), namely 11 Yue 19 Ri 00 : 00 ( UTC + 8 ) for the last time the current settlement rules.
The new rules will be settled for the first time at 08:00 ( UTC+8 ) on the 19th.
If the actual effective time is changed, CoinEX will notify you separately.
For more details about the current rules, please click [ here ] to view.
Upgrade Details
- Starts at: 8:30 on Nov 18, 2021 (UTC)
- Est. completion: 9:00 on Nov 18, 2021 (UTC)
During the suspension of contract-related functions, spot & leverage trading, recharge and withdrawal, financial management and other functions will not be affected.
Please evaluate the margin balance in your contract account according to current market fluctuations, and withdraw orders in advance and add secured assets Or return assets, etc. to do a good job of risk control.
The estimated time of the system upgrademay bedifferent from the actual time.
CoinEx will synchronize the upgrade progress in real time on various social media and notify users as soon as the upgrade is completed.
Please check CoinEx official website or contact the customer support with regard to the latest information and more accurate details.
CoinEx official website is here.
Please click "Introduction of CoinEx", if you want to know the details and the company information of CoinEx.
(Forex Broker)
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...