Dear CoinFLEX Community,.
25 Jan 2023, 14:49
Dear CoinFLEX Community,
We are excited to announce that following scheduled maintenance on January 31st, the funding rate for perpetual futures will no longer be based on an hourly repo auction. Instead, it will be determined by the following formula:
Premium Rate = TWAP of ((Mark Price – Index price) / Index price)
Funding Rate = (Premium Rate + clamp(-Premium Rate, Max%, Min%)) / 24
Any open positions and orders will remain open. Any pending deliveries will be cancelled and need to be re-submitted as regular orders in the repo market as repo will no longer feature hourly auctions.
For more information, please read our latest blog post.