Gate will upgrade its Perpetual Contract funding rate algorithm on May 27, 2026, supporting more flexible settlement periods

Gate News: According to Gate’s official announcement on May 27, 2026

Gate will upgrade and optimize the funding rate algorithm for Perpetual Contracts on May 27, 2026 at 00:00 (UTC+8). This optimization mainly involves two adjustments: upgrading the calculation method of the average premium index from an arithmetic average algorithm to a time-weighted average algorithm, and upgrading the funding rate calculation formula to support more flexible settlement intervals.

The upgraded funding rate calculation formula will introduce a settlement frequency parameter N. The new formula is: funding rate = Clamp ([average premium index + Clamp (interval interest − average premium index, −0.05%, 0.05%)] / (8/N), funding rate lower limit, funding rate upper limit). The default interest will remain unchanged at 0.03% per day, and the average premium index will be changed to the time-weighted average of all already calculated premium indices within the current period.