1.What is the Price Protection?
After enabling price protection, if the difference between the Last price and Mark price of the contract exceeds the set threshold when the stop loss / take profit orders reach the trigger price, the stop loss / take profit orders will not be triggered. Therefore Binance strongly recommend you to use Price Protection to protect your trading strategy from extreme market movement.
Please be aware that Price Protection takes effect only after it is enabled, and has no effect on historical orders when it is disabled, vice versa. API orders are not subject to the Price Protection switch.
View threshold in Trading Rules.
2. How to use the Price Protection Function?
The Price Protection Function is available on both Web and Mobile Apps. This function applies to all types of orders, user can choose to turn on / off the function.
Click on the upper right corner of the order interface, select "Price Protection", and turn on the Price Protection.
Please note that you need to set the Price Protection for the USDT-margined Futures and Coin-Margined Futures individually.
- Mobile Apps:
Click the upper right corner of the Mobile App interface, choose "Preferences", select "Price Protection" and enable the function.
Similarly, it requires to set Price Protection individually for the USDT-margined Futures and Coin-Margined Futures.