Updates on Leverage, Margin Tiers, Funding Rate Settlement Frequency and Capped Funding Rate Multiplier of BNXUSDT Perpetual Contract on ApolloX (2022-12-04)

Dear ApolloX Users,

ApolloX has made adjustments to the leverage, margin tiers, funding rate settlement frequency, and capped funding rate multiplier of the BNXUSDT Perpetual Futures Contract on 2022-12-04 at 16:00 (UTC).  

• New Leverage & Margin Tiers of USDⓈ-M BNXUSDT Perpetual Contracts: Leverage and Margin 
• New Funding Rate Settlement Frequency of USDⓈ-M BNXUSDT Perpetual Contracts:every two hours

Notes:

• Existing positions opened before the updates will be affected. It is strongly advised to adjust the position and leverage in order to avoid any potential liquidation.  
• Please note that there may be further adjustments to the funding rate settlement frequency. There will be no further announcements. 
• The capped funding rate multiplier for BNXUSDT Perpetual Futures Contract is raised from 0.75 to 1.
• Maintenance margin rate change will affect the funding rate. For more details on funding rate, please refer to Funding rate

For more information：

• Leverage and Margin for USDⓈ-M Perpetual Futures Contracts
• ApolloX Futures Transaction Fees
• Multi-Assets Mode
• More contract information