In order to promote the balanced and stable development of the contract market and effectively reduce the risk of contract investment, Bibox decides to adjust the rules of the perpetual contract. From 05/16/2019 (GMT+8) on, Bibox will charge overnight funding to all profitable positions, the details are as follows:
The system will charge 0.06% of the total value of the profitable positions at 4:00 P.M. (GMT+8) every day as overnight funding. The positions that are not profitable and the users with no position will not be charged. Overnight funding will be a part of the Insurance Fund, which is for providing users with better protection.
Thanks for your support on Bibox.