Introduction
Bitget, one of the leading global cryptocurrency exchanges, has announced an adjustment to the funding rate interval for its HANAUSDT perpetual futures trading pair. This adjustment is intended to ensure that perpetual futures prices more closely align with spot index prices, enhancing the trading experience for its users.
What are Perpetual Futures?
Perpetual futures are a type of derivative that allows traders to speculate on the price of an asset without the limitations of an expiration date. Unlike traditional futures contracts, perpetual contracts trade close to the underlying asset’s spot price due to a funding mechanism that exchanges value between long and short positions.
Key Features of Perpetual Futures:
- No Expiration Date: Unlike traditional futures, perpetual contracts do not have a set expiry.
- Funding Rate Mechanism: The funding rate is periodically exchanged between traders, incentivizing price alignment between perpetual futures and spot markets.
- Leverage Trading: Traders can open positions larger than their allocated capital, increasing both potential returns and risks.
Funding Rate Adjustment Details
Starting from 2025-10-12 at 06:00 UTC+0, the funding rate interval for HANAUSDT futures will change from every 4 hours to every 1 hour. This adjustment can affect trading decisions, and users are encouraged to stay informed.
New Funding Rate Schedule:
| Time | Maximum Funding Rate |
|—————————–|———————–|
| 2025-10-12 06:00 (UTC+0) | +1.8750%/-1.8750% |
| 2025-10-12 07:00 (UTC+0) | +1.8750%/-1.8750% |
| 2025-10-12 08:00 (UTC+0) | +1.8750%/-1.8750% |
| 2025-10-12 09:00 (UTC+0) | +1.8750%/-1.8750% |
| …… | …… |
Importance of This Change
This change aims to reduce discrepancies between the HANAUSDT futures price and the corresponding spot price, thus allowing traders to make more informed decisions based on accurate market conditions. By adjusting the frequency of funding rates, Bitget is promoting a more stable and predictable trading environment.
Potential Considerations for Traders
Traders should note that the modification of funding intervals may lead to changes in trading costs. Users should consider:
- Reviewing Trading Strategies: Adjust strategies to accommodate the new funding rates.
- Monitoring Market Conditions: Keep an eye on market volatility that may impact funding and trading costs.
- Stay Informed: Regularly check platform updates and announcements related to funding rates.
Risk Warnings
Bitget reminds its users to be aware of the inherent risks associated with trading in cryptocurrency markets. Due to high volatility, the funding rates can change rapidly, impacting open positions significantly. The exchange advises users to thoroughly review funding rates before placing orders.
Customer Support
For any questions regarding this announcement or the trading process, users can reach out to Bitget’s customer support team for assistance.
Conclusion
This adjustment by Bitget adds an additional layer of responsiveness to the needs of traders engaged in perpetual contracts, effectively supporting their trading strategies and risk management practices. As always, traders should ensure they are well-informed about these changes to navigate the trading landscape effectively.