MEXC SC USDT-M Futures Funding Rate Settlement Frequency Adjustment (February 24)

Dear MEXCers,

On 12:00, February 24, 2024 (UTC), MEXC has adjusted the funding rate settlement frequency for the SC USDT-M perpetual contract. The new settlement frequency is now once every 8 hours. Details are as follows:

Time (UTC)	SCUSDT Futures Maximum Funding Rate
16:00, February 24, 2024	+4.00% / -4.00%
00:00, February 24, 2024	+4.00% / -4.00%
08:00, February 24, 2024	+4.00% / -4.00%
……	+4.00% / -4.00%

For the latest funding rate details, please refer to Information - Funding Rate History.

Note:

The settlement frequency mentioned above may be further adjusted. Please stay tuned to the latest announcements.
Users are advised to refer to the updated funding rate before placing orders. For existing orders, please adjust your position and margin accordingly to prevent liquidation.

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MEXC Team

24 February 2024

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