Dear Users,
Due to recent market volatility in the AXLUSDT trading pair, Phemex will be implementing changes to the funding interval schedule.
Please note the following updates:
-
Effective at 08:00 UTC on June 10, 2025, the funding interval for the AXLUSDT perpetual contract will be adjusted from every 8 hours to every 4 hours.
- The first funding settlement under this new interval will occur at 12:00 UTC.
-
Effective at 12:00 UTC on June 10, 2025, the funding interval will be further adjusted from every 4 hours to every 1 hour.
- Following this change, funding will occur hourly, with settlement times at 13:00 UTC, 14:00 UTC, and so on.
This update supersedes the previously announced adjustment plan.
We appreciate your understanding and continued support.
Sincerely,
The Phemex Team
