Dear Users,

Due to volatile market conditions, Phemex will adjust the funding interval of the ORCAUSDT futures trading pair from 8 hours to 4 hours, starting at 08:00 UTC on March 21, 2025. 

After this adjustment, funding will occur every 4 hours, with the next settlement times following this rule (e.g., 12:00 UTC, 16:00 UTC, and 20:00 UTC).

Thank you for your support and understanding.

Phemex Team