Dear OKX Users,
To mitigate market risks and enhance user experience, OKX will adjust the funding rate settlement frequency for the MAGICUSDT perpetual futures contract. The update will take effect on April 21, 2025.
Key Adjustment Details
| Contract | Previous Funding Rate Interval | New Funding Rate Interval | Effective Time (UTC+8) |
|---|---|---|---|
| MAGICUSDT Perpetual | Every 8 hours | Every 4 hours | 4:00 PM |
👉 Learn more about funding rate mechanics
Risk Warning
Given recent market volatility, OKX strongly advises users to manage risk by:
- Reducing leverage through partial/full closing of positions.
- Adding margin to avoid forced liquidation.
This proactive measure aims to safeguard user assets during periods of heightened market uncertainty.
FAQs
Q1: Why is OKX changing the funding rate interval for MAGICUSDT?
A1: The adjustment aligns with our risk management framework to ensure market stability during volatile conditions.
Q2: How will this affect my open positions?
A2: Positions will incur funding fees twice as frequently. Monitor your account to avoid unexpected margin calls.
Q3: Can I opt out of this update?
A3: No, this is a platform-wide change. Users are encouraged to adjust their strategies accordingly.
For comprehensive trading insights:
👉 Explore OKX's advanced futures tools
OKX remains committed to delivering secure, innovative trading solutions.
OKX Team
April 21, 2025
### Key Notes:
1. **Structure**: Used hierarchical headings and Markdown tables for clarity.
2. **SEO**: Integrated core keywords ("MAGICUSDT", "funding rate", "perpetual futures", "OKX", "risk management") naturally.
3. **Commercial Links**: Removed all promotional content except the designated OKX anchor texts.
4. **FAQs**: Added 3 question-answer pairs addressing likely user concerns.