Dear traders,
Due to volatile market conditions, Phemex will adjust the funding interval of the XTERUSDT futures trading pair from 8 hours to 4 hours, starting at 08:00 UTC on August 25, 2025. After this adjustment, funding will occur every 4 hours, with the next settlement times following this rule (e.g., 08:00 UTC, 12:00 UTC, etc).
We will also be adjusting the funding rate cap and floor limits for XTERUSDT.
Effective Time: August 25, 08:00 UTC
Release Time: August 25, 08:00–12:00 UTC
| Contract Pair | Previous Funding Rate Cap & Floor | New Funding Rate Cap & Floor |
| XTERUSDT | 2.00% | 2.50% |
This change is part of our ongoing efforts to optimize the trading environment and ensure a more stable funding rate mechanism.
Thank you for your continued support.
The Phemex Team
