Dear Users,
Pionex adjusted the funding rate settlement frequency for the LOOMUSDT USDT-M Perpetual Contract.
The detailed arrangements are as follows:
| Time (UTC) | Maximum Funding Rate |
| October 14th, 2023, 16:00 | +2.50% / -2.50% |
| October 14th, 2023, 20:00 | +2.50% / -2.50% |
| October 15th, 2023, 00:00 | +2.50% / -2.50% |
| October 15th, 2023, 04:00 | +2.50% / -2.50% |
| October 15th, 2023, 08:00 | +2.50% / -2.50% |
| ...... | ...... |
Please Note:
- The multiplier cap for the funding rate of the LOOMUSDT USDT-M Perpetual Contract has been adjusted from 0.75 to 1.
- The funding rate settlement frequency for the LOOMUSDT USDT-M Perpetual Contract has changed from once every eight hours to once every four hours.
- Due to excessive market volatility in the LOOMUSDT USDT-M Contract, Pionex will implement additional protective measures for the rules of the LOOMUSDT USDT-M Perpetual Contract to safeguard user interests and mitigate risks during extreme market conditions. Please be aware of the risks.
Pionex Team
October 16th, 2023
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