SuperEx Announcement on Adjusting the Funding Fee Settlement Frequency for MAGICUSDT Contract

Dear SuperExers,

To mitigate market risks and enhance the user experience, SuperEx will adjust the funding fee settlement frequency for the MAGICUSDT perpetual contract on April 21, 2025. The settlement frequency will be changed from once every 8 hours to once every 4 hours. Once this adjustment takes effect, the platform will settle the funding fee every 4 hours accordingly.

Please Note:

To protect user interests and reduce potential risks under extreme market conditions, SuperEx may implement additional protective measures for the MAGICUSDT USDT-M perpetual contract and other perpetual contracts without further announcements. These potential protective measures include, but are not limited to:

Adjusting leverage and margin (including the maximum leverage per tier, position limits, and maintenance margin rates)

Adjusting funding rates (including base interest rate, premium index, and rate caps)

Changing the components of the price index

Adopting a "Last Traded Price Protection Mechanism" for updating the mark price.

For more information, please refer to:

Introduction to Perpetual Funding Fee Rules

Forced Liquidation Explanation

Leverage Multiplier and Margin