Changes to Funding Rate Intervals and Funding Rate limit for ORBSUSDT Perpetual Contracts Oct 19, 2023, 1:00PM UTC

Oct 19, 2023DerivativesInstitutions

Disclaimer: This is a general announcement. Products and services referred to here may not be available in your region. Please refer to T&C for more details.

Starting Oct 19, 2023, 1:00PM UTC, Bybit will adjust the funding rate intervals and funding rate limit for ORBSUSDT Perpetual Contracts.

Funding Rate Intervals

Symbol	Before Adjustment	After Adjustment
ORBSUSDT	Every 8 Hour	Every 4 Hour

The detailed arrangement is as follows:

Time	Max Funding Rate
2023-10-19 16:00 （UTC）	+2%/-2%
2023-10-19 20:00 （UTC）	+2%/-2%
2023-10-20 00:00 （UTC）	+2%/-2%
2023-10-20 04:00 （UTC）	+2%/-2%
2023-10-20 08:00 （UTC）	+2%/-2%
...	...

In view of these changes, we encourage users to trade responsibly and use a lower leverage level to protect their accounts from further risk.

Note: Funding rates and intervals may be adjusted further in extreme market conditions. For the most accurate and up-to-date information, always refer to our latest announcements.

If you have any questions or concerns about these changes, please don't hesitate to reach out to our Customer Support team. You can contact us through Live Chat or by submitting a case via this form.