Gate.io Scheduled Perpetual Contracts (USDT & BTC Margin) Upgrade ( 04 July, 16: 00-17: 00 UTC)

Announcements Gate.io Scheduled Perpetual Contracts (USDT & BTC Margin) Upgrade ( 04 July, 16: 00-17: 00 UTC)

2023-07-03 09:20:27 UTC 21343 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
Gate.io is going to upgrade and optimize the USDT & BTC margin perpetual contracts from 16:00 - 17: 00 UTC on 04 July, 2023. The upgrade will take about 60 minutes and partial service will be unavailable during the process. There might be trading interruption (about 1 second) and query interruption (about 1 second) on all affected contracts during the process. If you are an affected trader and API user, please adjust your strategies beforehand.

Affected services:
All USDT &BTC margined perpetual contracts

Major changes
Changes to  premium formula  for the funding, replacing mark price with index price for premium formula

Before
Premium Index = [ Max (0 , Depth Weighted Bid Price - Mark Price) - Max (0 , Mark Price - Depth Weighted Ask Price) ] / Index Price

After
Premium Index = [ Max (0 , Depth Weighted Bid Price - Index Price) - Max (0 , Index Price - Depth Weighted Ask Price) ] / Index Price

Please pay attention to the changes to the funding.

Thank you for your understanding and continued support.

<sp>
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io

[Sign up](https://www.gate.io/signup "Sign up") to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.io/referral "referrals")

[Download iOS/Android App](https://www.gate.io/mobileapp?ch=ann27560 "Download iOS/Android App") right now.

Reach out to us!
Twitter: https://twitter.com/gate_io
GateVIP Twitter:https://twitter.com/Gateio_Inst
Telegram: https://t.me/gate_zh
API Telegram: https://t.me/gateioapi
Instagram: https://www.instagram.com/gateioglobal
Medium: https://gateio.medium.com/
Podcast: https://gateio.buzzsprout.com/?ch=buzzs

Gate.io Team
July 3, 2023

Select language and region

Fiat Currencies