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Binance Resumes Four-Hour Funding Rate Settlements for MYXUSDT and OMNIUSDT Contracts

According to Bitget's official announcement, the funding rate interval for the OMNI1USDT pair will change from every 1 hour to every 4 hours effective August 11, 2025 at 12:00 (UTC+0) to better align perpetual futures prices with spot index benchmarks.

Summary

Bitget announced an adjustment for the OMNI1USDT trading pair, changing the funding rate interval from every 1 hour to every 4 hours, effective August 11, 2025 at 12:00 (UTC+0). The update, featuring maximum funding rates of ±2.0000% at scheduled intervals, aims to better align perpetual futures prices with spot index prices. Bitget noted that if market volatility necessitates rescheduling, a separate announcement will be issued.

Terms & Concepts
  • Funding Rate: The periodic fee exchanged between long and short perpetual contract holders to maintain market balance.
  • Perpetual Futures: Derivative contracts without an expiry date, allowing continuous trading of digital assets.
  • Spot Index: The benchmark representing the average current market price of an asset in the spot market.