Dear Users,

Due to volatile market conditions, Phemex will adjust the funding interval of the AXLUSDT futures trading pair from 8 hours to 1 hour, starting at 16:00 UTC on June 10, 2025. After this adjustment, funding will occur every 1 hour, with the next settlement times following this rule (e.g., 17:00 UTC, 18:00 UTC, etc).

Thank you for your support and understanding.

Phemex Team