Dear user:

Binance Futures will adjust the leverage and maintenance margin levels of BNXUSDT and SPELLUSDT U-margined contracts at 20:00 on December 2, 2022 (Eastern Eighth District time).

Users are advised to refer to the updated leverage and maintenance margin tier limits to place orders. For orders that have been opened, users are asked to adjust their positions and margins in advance to avoid forced liquidation.

details as follows:

  • BNXUSDT (U-based perpetual contract)

  • SPELLUSDT (U-based perpetual contract)

Notice:

  • Maintaining margin will directly affect the forced liquidation price. Users holding the above BNXUSDT and SPELLUSDT U-based contract positions will be affected. In order to avoid forced liquidation (that is, the risk ratio reaches 100%), users are advised to replenish the margin reasonably or reduce their positions. It is recommended that The margin rate is controlled below 80%.

  • The maintenance margin will affect the upper limit of the funding rate of BNXUSDT and SPELLUSDT. The upper limit of the funding rate = clamp (funding rate, -0.75*maintenance margin rate, 0.75*maintenance margin rate). For detailed calculation rules, please refer to the Binance Futures Funding Rate Introduction.

For more related content, please refer to:

  • Forced liquidation

  • Leverage and margin for U-margined contracts

Thank you for your support of Binance!

Binance Team

December 02, 2022

 

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Binance reserves the right to modify, change or cancel this announcement at any time and for any reason at its sole discretion without prior notice.

Risk warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may fluctuate and you may lose the amount invested. You will be solely responsible for your investment decisions, and Binance is not responsible for any losses that may occur. Contract trading in particular is subject to high market risk and price volatility, and in the event of adverse price movements, your entire margin balance may be liquidated. Past performance is also not a reliable predictor of future performance. Before trading, you should make your own assessment of whether trading is suitable based on your own objectives and circumstances, including risks and potential benefits, and consult an independent financial advisor. This article should not be considered financial or investment advice. If you want to know how to trade responsibly, please refer to the Binance Responsible Trading Information Page. Please see Binance’s Terms of Use and Risk Warning for more details.