Updates on Capped Funding Rate of USDⓈ-M TRBUSDT Perpetual Contract (2023-12-31)

Dear Toobit Users,
Toobit Futures adjusts the capped funding rate of the USDⓈ-M TRBUSDT Perpetual Contract at 2023-12-31 17:20 (UTC). The detailed arrangement is as follows:
Time
Max Funding Rate
2023-12-31 13:00 (UTC)+0.75% / -0.75%
2023-12-31 17:00 (UTC)+2.00% / -2.00%
Notes:
  • Funding rates may vary depending on market conditions. The rates are generally much lower during times of low volatility, and may hit the maximum levels only during high volatility.
  • In extreme market conditions, funding rates may exceed the Maintenance Margin Ratio. As funding rates are deducted directly from users’ collateral, users are strongly advised to monitor their positions and available collateral closely to avoid margin calls and liquidations.
  • Users may visit the Real-Time Funding Rate and Funding Rate History pages to view the latest funding interval and funding rate Cap/Floor.
  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
We at Toobit would like to thank you for your continuous support. Toobit believes in building a crypto ecosystem in a way that promotes transparency and long-term, sustainable growth, and we implore you to undergo this journey with us. Trade safely and wisely.
More Listing Information:
2023-12-31

There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Toobit reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reason without prior notice.

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Toobit is not liable for any losses that might arise from your use of Margin. This information should not be regarded as financial or investment advice. For more information, see our Terms of Use and Risk Warning.

 

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