Dear Users,
Picol will adjust the funding rate settlement frequency for the CYBERUSDT USDT-M Perpetual Contract on September 2nd, 2023, at 10:00 (UTC).
The detailed arrangements are as follows:
| Time (UTC) | Maximum Funding Rate |
| September 2nd, 2023, 10:00 | +2.50% / -2.50% |
| September 2nd, 2023, 12:00 | +2.50% / -2.50% |
| September 2nd, 2023, 14:00 | +2.50% / -2.50% |
| September 2nd, 2023, 16:00 | +2.50% / -2.50% |
| September 2nd, 2023, 18:00 | +2.50% / -2.50% |
| …… | …… |
Please Note:
- The multiplier cap for the funding rate of the CYBERUSDT USDT-M Perpetual Contract has been adjusted from 0.75 to 1.
- Starting from September 2nd 2023, 10:00 (UTC), the funding rate settlement frequency for the CYBERUSDT USDT-M Perpetual Contract will change from once every four hours to once every two hours.
- Due to excessive market volatility in the CYBERUSDT USDT-M Contract, Picol will implement additional protective measures for the rules of the CYBERUSDT USDT-M Perpetual Contract to safeguard user interests and mitigate risks during extreme market conditions. Please be aware of the risks.
Picol Team
September 2nd, 2023