Dear Users,
Pionex adjusted the funding rate settlement frequency for the UMAUSDT USDT-M Perpetual Contract on January 20th, 2024, at 04:00 (UTC).
The detailed arrangements are as follows:
| Time (UTC) | Maximum Funding Rate |
| January 20th, 2024, 04:00 | +2.00% / -2.00% |
| January 20th, 2024, 08:00 | +2.00% / -2.00% |
| January 20th, 2024, 12:00 | +2.00% / -2.00% |
| January 20th, 2024, 16:00 | +2.00% / -2.00% |
| January 20th, 2024, 20:00 | +2.00% / -2.00% |
| ...... | ...... |
Please Note:
- Starting from January 20th, 2024, 04:00 (UTC), the funding rate settlement frequency for the UMAUSDT USDT-M Perpetual Contract will change from once every eight hours to once every two hours.
- Due to excessive market volatility in the UMAUSDT USDT-M Contract, Pionex will implement additional protective measures for the rules of the UMAUSDT USDT-M Perpetual Contract to safeguard user interests and mitigate risks during extreme market conditions. Please be aware of the risks.
Pionex Team
January 20th, 2024
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