OKX Boosts AUCTIONUSDT Liquidity With 2-Hour Funding Cycle

OKX, a leading cryptocurrency exchange, has announced a significant change to its AUCTIONUSDT perpetual swap contract. Starting from March 23, 2025, the exchange will alter the funding payment frequency from a 4-hour cycle to a more frequent 2-hour cycle. This adjustment is designed to improve the liquidity and efficiency of the perpetual swap market, offering traders more opportunities to manage their positions and mitigate the risk of substantial price movements between funding intervals.

The current funding settlement schedule, which occurs at 0:00 am, 4:00 am, 8:00 am, 12:00 noon, 4:00 pm, and 8:00 pm daily, will be replaced by a new schedule that settles funding every 2 hours. This change is anticipated to benefit traders by providing more frequent adjustments to the funding rate, which is essential for maintaining the stability of the perpetual swap contract. The funding rate mechanism ensures that the price of the perpetual contract remains close to the spot price of the underlying asset, in this case, USDT.

OKX's decision to increase the frequency of funding settlements reflects its commitment to enhancing its trading platform and delivering a superior experience for its users. By offering more frequent funding settlements, OKX aims to create a more dynamic and responsive trading environment. This move is likely to attract more traders to the AUCTIONUSDT perpetual swap market, as it provides greater flexibility and control over their positions.

The adjustment to the funding payment frequency is part of OKX's continuous efforts to innovate and adapt to the evolving needs of the cryptocurrency market. The exchange is renowned for its user-friendly interface, robust security measures, and a wide range of trading options. This latest change is expected to further strengthen OKX's position as a leading player in the cryptocurrency exchange industry.

In summary, OKX's decision to adjust the funding payment frequency of the AUCTIONUSDT perpetual swap contract to every 2 hours starting from March 23, 2025, is a strategic move aimed at enhancing market liquidity and providing traders with more opportunities to manage their positions. This change is expected to benefit both the exchange and its users, contributing to a more efficient and dynamic trading environment.