Dear Users,

Due to volatile market conditions, Phemex will adjust the funding interval of the VELOUSDT futures trading pair from 4 hours to 8 hours, starting at 08:00 UTC on July 15, 2025. After this adjustment, funding will occur every 8 hours, with the next settlement times following this rule (e.g., 16:00 UTC, 00:00 UTC, etc).

Thank you for your support and understanding.

The Phemex Team