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.

Here are common reasons and corresponding solutions:24-hour withdrawal limitFund password changes The latest app version no longer requires a fund password. If your page shows a 24-hour withdrawal restriction due to a fund password change, update the app to the latest version or use the web version to continue. Note: if you've created a wallet, make sure you back up your seed phrase and private key before updating.

The trial fund will be automatically applied to this order, but you can also choose not to use the trial fund.

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?

Funding fees are exchanged directly between users holding positions: When the funding rate is positive, long position holders pay funding fees to short position holders. When the funding rate is negative, short position holders pay funding fees to long position holders. When the funding rate is 0.00%, no funding fee is settled between either party.What is perpetual futures funding fee?

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.

Pay any contact 1. Open OKX Pay app, tap the ↑ icon > Select Pay any contact 2. Select the crypto and network > Enter the transfer amount > Next 3. Select the recipient > Pay 4. Complete the verificationTransfer to Exchange 1. Open OKX Pay app, tap the ↑ icon > Select Transfer to Exchange 2. Select the currency and network > Enter the transfer amount > Next 3. Select Transfer > Complete the...

Select the Asset you want to transfer > From: Funding; To: Trading > Enter the amount > Transfer. This will transfer your assets from your funding account to your trading account which allows you to experience more trade options. Why can’t I transfer funds? If you’re unable to transfer funds, it may be due to one of the following reasons:1.

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.

Notes: If you have multiple sources of funds, please select the one that is recent and primary for your deposit. If you use your own funds to purchase crypto from another person, you should provide SoF of your own funds. Do not submit information about someone else’s assets or screenshots of your account deposits.

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