Dear Users,

Due to volatile market conditions, Phemex will adjust the funding interval of the LAYERUSDT futures trading pair from 8 hours to 1 hours, starting at  9:00 UTC on May 6, 2025. 

After this adjustment, funding will occur every 1 hour, with the next settlement times following this rule (e.g., 10:00 UTC, 11:00 UTC, etc).

Thank you for your support and understanding.

Phemex Team