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Author: CoinDCX Exchange Operations

Posted on

Funding Rate Update : CYBER/USDT | 02 September 2023

Dear user,

CoinDCX Futures has increased the funding rate settlement frequency of the CYBERUSDT from every four hours to every two hours starting from 2023-09-02 at 5:30 p.m.

Funding would be charged for CYBERUSDT at the following times from 02nd September : 

Time

5:30 p.m. (IST)

7:30 p.m. (IST)

9:30 p.m. (IST)

11:30 p.m. (IST)

1:30 a.m. (IST)

3:30 a.m. (IST)

5:30 a.m. (IST)

7:30 a.m. (IST)

9:30 a.m. (IST)

11:30 a.m. (IST)

1:30 p.m. (IST)

3:30 p.m. (IST)

Funding:

  1. Fundings are periodic payments exchanged between the buyer and seller every 8 hours generally. If the rate is positive, then longs will pay and shorts will receive the rate, and vice versa if the rate is negative. It brings the price of the perpetual contract back to the spot.
  2. When the Funding Rate is positive (perpetual contract trades at a premium to spot), longs pay shorts. When it is negative (perpetual contract trades at discount to spot), shorts pay longs.
  3. Your position value is irrespective of leverage. For example, if you hold 100 BTC-USDT contracts, funding is charged/received on the notional value of those contracts, and is not based on how much margin you have assigned to the position..

    Note: CoinDCX doesn’t charge any funding fees from its users. There is no interest rate on keeping the position open indefinitely in perpetuity. The payments are directly interchanged between the buyer and the seller

For any additional information around

  • What is the Funding Rate?
  • Calculation of the funding
  • Real-time data
  • Historical data

Please visit the link .

Regards
Team CoinDCX

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Posted on

Maintenance Notice: RLY/USDT and RLY/INR | 24 August 2023

Dear Community,

RLY (Rally) token will be put under maintenance on the CoinDCX Pro & CoinDCX GO app on 24th August 2023 11:00 PM until further notice.

The exact trading pairs being put under maintenance are: RLY/USDT, RLY/INR

All open Spot orders for the above pair will be automatically canceled.

Please be assured that your funds are safe and our team is working hard to complete this maintenance at the earliest.

 Twitter      

Posted on

Crypto Deposits and Withdrawals Maintenance 11 July, 2023

Dear Community,

We want to inform you that we are currently performing essential maintenance on our wallets. As a result, cryptocurrency deposit and withdrawal services will be temporarily unavailable.

This maintenance is necessary to ensure the smooth functioning and security of our wallet infrastructure. We apologize for any inconvenience caused and appreciate your patience during this time.

All the requested Deposits and Withdrawals will stay pending at least for the next 24 hours and we are working to get these processed as soon as possible.

Please note that all other services, including trading, buying, and selling, will remain unaffected. 

Your funds and assets are safe and secure, and our team is working diligently to complete the maintenance as quickly as possible.

We will make a separate announcement when the maintenance is over

We appreciate your understanding and cooperation. If you have any urgent queries or require assistance, please contact our support team

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Posted on

CoinDCX Pro Spot Delisting Notice: MMF/USDT, RETH/USDT, WNDR/USDT

Dear Community,

We at CoinDCX regularly review each crypto asset listed on our platform to ensure the highest level of quality. When a coin or token no longer meets this quality level, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.

Delisting Notice : 

  • MM Finance(Polygon) (MMF)
  • Realms of Ethernity (RETH) 
  • Wonderman Nation (WNDR)

from Spot Market on CoinDCX Pro on April 24th, 2023.

The exact trading pairs being removed are : MMF/USDT, RETH/USDT, WNDR/USDT

At 12:00 PM (IST) on April 24th, 2023, we will delist the following trading pairs on Spot : MMF/USDT, RETH/USDT, WNDR/USDT and then cancel all pending spot trade orders.

To ensure your funds are not stuck, please convert your balances before the delisting date.

If there are any balances stuck after the delisting date, they will be converted to USDT at market price and will be credited into the users account after deducting 1% TDS within 30 days of the date of delisting.

We regret the inconvenience this may cause, but we assure you that we’re taking this step keeping in mind the long-term safety of your investments. For any further queries, please get in touch with our support team.

Regards,

Team CoinDCX

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Posted on

Maintenance Notice: GFT/BUSD | 9 February, 2023

Dear Community,

To ensure that the crypto assets listed on our platform continue to meet the high level of standard we expect, we sometimes need to conduct a more in-depth review. We believe this best protects all our users.

In coordination with this analysis, the trading pair GFT/BUSD has been placed under maintenance with immediate effect on 9 February 2023 until further notice. All pending open orders have been automatically canceled.

We will share a separate announcement as and when trading is resumed for this pair.We regret any inconvenience caused. For any further queries, please get in touch with our support team.

Regards,

Team CoinDCX

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