At OKX, our perpetual futures adopt a funding fee mechanism designed to align the market price of the perpetual market with the index price. When the funding rate is positive, traders with long positions pay a funding fee to traders with short positions. Conversely, when the funding rate is negative, traders with short positions pay a funding fee to traders with long positions.

Understanding the OKX Security Fund As a digital asset exchange offering leveraged products, OKX is committed to maintaining a stable and fair trading environment. A key component of our risk architecture is our Security Fund. This article explains the Security Fund's purpose, structure, funding mechanism, and outlines critical disclaimers regarding its operation.1. What's the Security Fund? The Security Fund is a segregated pool of assets, established and fully owned by OKX.

Funding rate formula: Funding rate = Clamp[Average premium index, Funding cap, Funding floor] To elaborate further, Average premium index = MA(Premium index – Interest rate) Interest rate = 0 Premium index = [(Best bid + Best offer) / 2 – Index price] / Index price MA refers to the moving average and it is calculated every minute Before the switch： Funding rate will be calculated using the premium index of each minute from the start of the period to present.

What's a fund? Funds are collective investment vehicles established by pooling money from investors, such as hedge funds, pension funds, mutual funds, and private investment funds.Who are the key persons for a fund?

E.g. at the settlement timestamp 06:00 (CEST), the funding amount will be calculated based on the funding rate at 21:59 (CEST). 2.Current funding rate and the estimated funding rate will be available at the same time You will be provided the current funding rate and the estimated funding rate on OKX.com, OKX App, and OKX Open API. Current funding rate: the funding rate for the upcoming settlement, calculated based on the data of the previous settlement period.

Original funding rate formula New funding rate formula Funding rate formula Funding rate = Clamp [MA (Premium index – Interest rate), Funding rate cap, Funding rate floor] Funding rate = Clamp [Average premium index + Clamp (Interest rate – Average premium index, 0.05%, -0.05%), Funding rate cap, Funding rate floor] Note: The average premium index is calculated using a weighted moving average. For more details, refer to our product documentation.

What are Source of Funds (SoF) and Source of Wealth (SoW)? Navigating the requirements for proving the legitimacy of funds in financial transactions is crucial for maintaining compliance and transparency. Income is generally divided into two categories: Source of Funds: Specifies where the money for a particular transaction comes from, such as income, savings, loans, or the sale of assets.

To provide you with a better experience and improve the efficiency of funding fee settlement, OKX will change the order cancellation logic during settlement for all perpetual futures in four phases. The calculation logic for funding rates will remain unaffected. Before the change After the change Collection of funding fees by platform When collecting funding fees, OKX would only collect these up till the liquidation threshold (i.e. where margin level is 100%).

Current funding rate rules of FILUSDT Perpetual Swap: Funding Rate = Clamp (MA (((Best Bid + Best Ask)/2-Spot Index Price)/Spot Index Price-Interest), a, b) *Interest is currently zero a=-2.00%, b=2.00% 2.

In order to enhance the reliability and stability of the perpetual swap market, we have donated US$4,567,888-worth BTC to the BTC perpetual swap insurance fund at 22:00 Jul 24, 2019 (CEST, UTC+2) (Conversion rate taken from the BTC/USD index price of OKX at 14:00 July 24, 2019 (CEST, UTC+2)). Thank you for your continued support and we assure you of our best service at all times. Regards, OKX Jul 25, 2019

Dear valued customers, We have injected the remaining balance of the insurance fund for the original Bitcoin Cash futures contract into the insurance funds of Bitcoin Cash ABC (BCH) and Bitcoin Cash SV (BSV) futures contracts at Jan 4, 2019 (CET, UTC+1): BCH insurance fund: 444.1200BCH，7:47am Jan 4, 2019 (CET, UTC+1) BSV insurance fund: 444.1200BSV，7:55am Jan 4, 2019 (CET, UTC+1) Thank you for your continued support and we assure you our best services at all times. Regards, OKX Jan 4, 2018

In order to mitigate risks and improve your trading experience, OKX will adjust the funding rate interval for KAITOUSDT perpetual future on September 27, 2025.

If your Pay balance is low, you can top it up anytime from your portfolio.How do I add my funds? Go to Simple and select Pay from the main menu Select + Add to add funds from portfolio Enter the amount you want to add to your Pay balanceHow do I transfer funds from my Pay balance to portfolio? Select the arrow icon in Pay Select the Transfer to portfolio option from the selection pop-up Follow the instructions as setHow long will it take for my assets to appear in my Pay balance?

Specific adjustment details are as follows: Futures Funding rate interval before adjustment Funding rate interval after adjustment Adjustment time (UTC) TUSDT perpetual Every 4 hours Every 2 hours 12:00 pm Learn more: https://www.okx.com/trade-market/funding/swap Risk disclaimer As the market is highly volatile, rules adjustments may potentially lead to forced liquidation, users are encouraged to decrease leverage by either increasing margins or closing positions.

Specific adjustment details are as follows: Futures Funding rate interval before adjustment Funding rate interval after adjustment Adjustment time (UTC) ORBSUSDT perpetual Every 4 hours Every 2 hours 4:00 am Learn more: https://www.okx.com/trade-market/funding/swap Risk disclaimer As the market is highly volatile, rules adjustments may potentially lead to forced liquidation, users are encouraged to decrease leverage by either increasing margins or closing positions.