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      MEXC SNT, STPT and MBL USDT-M Futures Funding Rate Settlement Frequency Adjustment (May 13)

      Dear MEXCers,

      On 05:05, May 13, 2024 (UTC), MEXC has adjusted the funding rate settlement frequency for the SNT, STPT and MBL USDT-M perpetual futures. The new settlement frequency is now once every 8 hours. Details are as follows:

      Time (UTC)

      SNT USDT Futures Maximum Funding Rate

      08:00, May 13, 2024

      +3.00% / -3.00%

      16:00, May 13, 2024

      +3.00% / -3.00%

      00:00, May 14, 2024

      +3.00% / -3.00%

      08:00, May 14, 2024

      +3.00% / -3.00%

      ……

      +3.00% / -3.00%


      Time (UTC)

      STPT USDT Futures Maximum Funding Rate

      08:00, May 13, 2024

      +3.00% / -3.00%

      16:00, May 13, 2024

      +3.00% / -3.00%

      00:00, May 14, 2024

      +3.00% / -3.00%

      08:00, May 14, 2024

      +3.00% / -3.00%

      ……

      +3.00% / -3.00%


      Time (UTC)

      MBL USDT Futures Maximum Funding Rate

      08:00, May 13, 2024

      +3.00% / -3.00%

      16:00, May 13, 2024

      +3.00% / -3.00%

      00:00, May 14, 2024

      +3.00% / -3.00%

      08:00, May 14, 2024

      +3.00% / -3.00%

      ……

      +3.00% / -3.00%

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

      Note:

      1. The settlement frequency mentioned above may be further adjusted. Please stay tuned to the latest announcements.

      2. 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.


      Enjoy trading on MEXC.

      MEXC Team

      13 May 2024

      Read the original article at mexc

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