Dear MEXCer：
MEXC will adjust the funding rate collection cycle for the USDC/USDT futures trading pair starting March 13, 2023, at 04:00 (UTC). The collection cycle will change from every 1 hours to every 8 hour.
| Futures Trading Pair | Original Collection Cycle | Updated Collection Cycle |
| USDCUSDT | 1x/1hours | 1x/8hour |
Note：
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Funding fees are charges on funds exchanged between users. For details on funding rates for all MEXC contract trading pairs, please refer to futures details Futures Details.
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Existing positions that have been opened before the adjustment will be affected. We strongly recommend that you adjust your positions in a timely manner before the adjustment to avoid unnecessary losses.
- The next funding fee collection time is March 13, 2023, at 08:00 (UTC). Then, the time is 00:00(UTC), 08:00(UTC) and 16:00(UTC) everyday.
Risk Warning:
Cryptocurrency investments carry high market risks. Please invest with caution. MEXC will do its best to choose high-quality coins, but will not be responsible for your investment losses. As a digital asset trading platform that respects user communities, MEXC adheres to the principles of integrity, transparency, and fairness and has no malicious intent. We are committed to providing users with a safer, more efficient, and more reliable crypto trading experience.
In some extreme and special market conditions, in order to protect the interests of users and provide a better trading experience, MEXC reserves the right to adjust the related parameters such as price accuracy, maximum order quantity per order, price limit, maximum leverage, and risk limit for specified contract trading pairs. The actual adjustments will be subject to specific announcements.
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The MEXC Team
13 March 2022