Dear Biboxers,
In order to improve the contract trading rules, Bibox Perpetual Contract adopts a funding mechanism to keep the Perpetual market price in line with the Spot Index Price more accurately. The funding mechanism will take effect at 16:00 on 11/29/2019 (GMT+8). The details are as follows:
|
Premium Index Range (P) |
Funding Rate |
|
P>2.00% |
0.75% |
|
1.00%<P≦2.00% |
0.55% |
|
0.50%<P≦1.00% |
0.25% |
|
0.25%<P≦0.50% |
0.10% |
|
0.05%<P≦0.25% |
0.05% |
|
-0.05%<P≦0.05% |
0.01% |
|
-0.25%<P≦-0.05% |
-0.05% |
|
-0.50%<P≦-0.25% |
-0.10% |
|
-1.00%<P≦-0.50% |
-0.25% |
|
-2.00%<P≦-1.00% |
-0.55% |
|
P≦-2.00% |
-0.75% |
Funding rate will be charged every 8 hours at 0:00, 8:00, 16:00 (GMT+8), respectively. You will pay or receive funding if you hold a position at one of above Funding Timestamps.
Related Link: Funding Rate Instructions
*Bibox reserves the right to adjust “Funding Rate” according to the market conditions.
---
Find us on
Comments
0 comments
Article is closed for comments.