To enhance service quality, OKX is transitioning from inter-period to current-period funding fee calculations for specific perpetual contracts. This update ensures more accurate and real-time fee assessments.
Key Changes in Funding Fee Mechanism
Previous Mechanism (Inter-Period Collection)
- Funding fees were calculated using the premium index from the previous funding period.
- Example: The 7:00 AM (GMT+7) fee used data from 3:00 PM–11:00 PM (GMT+7) the prior day, creating a fixed rate until 7:00 AM the next day.
New Mechanism (Current-Period Collection)
- Fees now reflect the real-time premium index of the current funding window.
- Example: The 7:00 AM (GMT+7) fee uses data from 11:00 PM–7:00 AM (GMT+7), with rates fluctuating until collection. Traders must actively manage positions under current market conditions.
Affected Contracts & Implementation Dates
👉 Explore OKX Perpetual Contracts
| Date (GMT+7) | USDT-Margined Contracts |
|---|---|
| 7:00 AM, January 4 | FLOWUSDT |
| 7:00 AM, January 10 | SOLUSDT, TRBUSDT, XRPUSDT, BCHUSDT, WLDUSDT |
Additional contracts may transition based on market conditions, with separate announcements.
Funding Fee Schedule Comparison
| Fee Mechanism | Premium Index Calculation Window |
|---|---|
| Inter-period (Legacy) | Uses prior period data (e.g., 11:00 PM–7:00 AM window for 3:00 PM fee) |
| Current-period (New) | Reflects real-time data (e.g., 11:00 PM–7:00 AM window for 7:00 AM fee) |
API Updates & Market Monitoring
- API methods now distinguish between inter-period and current-period funding.
nextFundingRatereturnsnullfor current-period contracts.- OKX may adjust collection intervals (8h → 6h/4h/2h/1h) for volatile altcoins. Details will be announced separately.
Pro Tips for Traders
- Strategy Adjustment: Close USDT-margined positions before funding windows to avoid fees.
- Visual Cue: Contracts using current-period collection display a ⚡ icon next to funding rates.
FAQ Section
Q1: Why did OKX switch to current-period funding fees?
A1: To provide real-time fee accuracy, reflecting immediate market conditions rather than lagged data.
Q2: How often might funding intervals change?
A2: Intervals could adjust to 1–6 hours for highly volatile markets, with advance notices.
Q3: Will API integrations break after this update?
A3: No, but developers should review new fields like fundingRateType and handle null values for nextFundingRate.
👉 Learn more about OKX API changes
OKX remains committed to delivering transparent, user-centric trading solutions. Updated December 5, 2023.