Dear CoinEx users,
In order to let you to better evaluate the trading costs and risks, and to enhance the risk management of CoinEx perpetual market, we will implement the following adjustment to the funding rules and upgrade the system server. The details are as follows.
· Funding Rate Calculation
Funding Rate = Clamp (MA (((Impact Bid Price + Impact Mark Price) / 2-Spot Price) / Spot Price-Interest), a, b)
* At present, Interest is 0.
* BTCUSD, BCHUSD, ETHUSD, LTCUSD, BSVUSD, XRPUSD, EOSUSD perpetual contracts: a = -0.1%, b = 0.1%
*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.
After this adjustment:
* BTCUSD, BCHUSD, ETHUSD, LTCUSD, BSVUSD, XRPUSD, EOSUSD perpetual contracts: a = -0.375%, b = 0.375%
*Other rules above remain unchanged.
a. Funding ONLY available between users, and CoinEx will not be involved.
b. The above adjustment will take effect at 16:00 (UTC) on January 12, 2021, that is, the last settlement in terms of the current rules will be performed at 8:00 (UTC) and the first settlement after the new rules will be conducted at 16:00 (UTC).
c. We will get users updated if the actual effective time changed. For more details about the current rules, please click HERE.
· Upgrade duration:
07:00 to 07:10 on January 12, 2021 (UTC)
a. During the upgrade, only Perpetual Contract trading will be suspended. Services like Spot trading, Margin trading, Deposit, Withdrawal, etc. will NOT be affected.
b. Please evaluate your margin balance in Perpetual account based on the current market fluctuations, and conduct risk control by cancelling orders, repaying assets, etc. in advance.
January 11, 2021
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Dear CoinEx users,