diff --git a/freqtrade/freqtradebot.py b/freqtrade/freqtradebot.py
index f104de56f..50e5c1415 100644
--- a/freqtrade/freqtradebot.py
+++ b/freqtrade/freqtradebot.py
@@ -116,28 +116,12 @@ class FreqtradeBot(LoggingMixin):
                 self.update_funding_fees()
                 self.wallets.update()
 
-            local_timezone = datetime.now(
-                timezone.utc).astimezone().tzinfo
-            minutes = self.time_zone_minutes(local_timezone)
+            # TODO: This would be more efficient if scheduled in utc time, and performed at each
+            # TODO: funding interval, specified by funding_fee_times on the exchange classes
             for time_slot in range(0, 24):
-                t = str(time(time_slot, minutes))
-                schedule.every().day.at(t).do(update)
-
-    def time_zone_minutes(self, local_timezone):
-        """
-            Returns the minute offset of a timezone
-            :param local_timezone: The operating systems timezone
-        """
-        local_time = datetime.now(local_timezone)
-        offset = local_time.utcoffset().total_seconds()
-        half_hour_tz = (offset * 2) % 2 != 0.0
-        quart_hour_tz = (offset * 4) % 4 != 0.0
-        if quart_hour_tz:
-            return 45
-        elif half_hour_tz:
-            return 30
-        else:
-            return 0
+                for minutes in [0, 15, 30, 45]:
+                    t = str(time(time_slot, minutes))
+                    schedule.every().day.at(t).do(update)
 
     def notify_status(self, msg: str) -> None:
         """
diff --git a/tests/test_freqtradebot.py b/tests/test_freqtradebot.py
index 9b83c8595..a69414dfc 100644
--- a/tests/test_freqtradebot.py
+++ b/tests/test_freqtradebot.py
@@ -4285,8 +4285,8 @@ def test_get_valid_price(mocker, default_conf_usdt) -> None:
 @pytest.mark.parametrize('trading_mode,calls,t1,t2', [
     (TradingMode.SPOT, 0, "2021-09-01 00:00:00", "2021-09-01 08:00:00"),
     (TradingMode.MARGIN, 0, "2021-09-01 00:00:00", "2021-09-01 08:00:00"),
-    (TradingMode.FUTURES, 8, "2021-09-01 00:00:01", "2021-09-01 08:00:00"),
-    (TradingMode.FUTURES, 9, "2021-08-31 23:59:59", "2021-09-01 08:00:01"),
+    (TradingMode.FUTURES, 32, "2021-09-01 00:00:01", "2021-09-01 08:00:00"),
+    (TradingMode.FUTURES, 33, "2021-08-31 23:59:59", "2021-09-01 08:00:01"),
 ])
 def test_update_funding_fees(mocker, default_conf, trading_mode, calls, time_machine,
                              t1, t2):
@@ -4303,28 +4303,3 @@ def test_update_funding_fees(mocker, default_conf, trading_mode, calls, time_mac
     schedule.run_pending()
 
     assert freqtrade.update_funding_fees.call_count == calls
-
-
-@pytest.mark.parametrize('tz,minute_offset', [
-    ('IST', 30),
-    ('ACST', 30),
-    ('ACWST', 45),
-    ('ACST', 30),
-    ('ACDT', 30),
-    ('CCT', 30),
-    ('CHAST', 45),
-    ('NST',  30),
-    ('IST',  30),
-    ('AFT',  30),
-    ('IRST',  30),
-    ('IRDT',  30),
-    ('MMT',  30),
-    ('NPT',  45),
-    ('MART',  30),
-])
-def test_time_zone_minutes(mocker, default_conf, tz, minute_offset):
-    patch_RPCManager(mocker)
-    patch_exchange(mocker)
-    freqtrade = get_patched_freqtradebot(mocker, default_conf)
-    return freqtrade
-    # freqtrade.time_zone_minutes(tzinfo('IST'))