Announcement Regarding the Adjustment of the Funding Rate Cycle for TOWNS Perpetual Contracts

Announcement Regarding the Adjustment of the Funding Rate Settlement Cycle for Perpetual Contracts

To ensure that perpetual contracts more accurately track spot index prices, Bitbaby will adjust the funding rate settlement cycle for the following trading pair. Details are as follows:

Trading Pair: TOWNS/USDT

Effective Date: May 13, 2026

12:30 (UTC+8)

Funding Rate Settlement Cycle Adjustment: The cycle will be adjusted from every 4 hours to every 1 hour.

Note:

Users are advised to take note of the change in the funding rate settlement time and manage their positions appropriately to avoid unnecessary funding costs.

Thank you for your support and trust in Bitbaby!

The Bitbaby Team