Binance Futures will adjust the YGGUSDT U-margined perpetual contract funding rate settlement frequency at 21:30 today

According to the official announcement, Binance Futures will adjust the funding rate settlement frequency of the YGGUSDT U-position perpetual contract at 21:30 on August 7, East Eighth District time. The funding rate settlement frequency is adjusted from every eight hours to every two hours.

At the same time, the funding rate cap multiplier of the YGGUSDT U-margined perpetual contract has been raised from 0.75 to 1. Starting from 21:30 on August 7, East Eighth District time, the funding rate settlement frequency of the YGGUSDT U-margined perpetual contract will be adjusted to once every two hours.

In addition, fluctuations in maintenance margin will affect the funding rate cap. The formula for calculating the upper limit of the funding rate is: upper limit of the funding rate = clamp (funding rate, -1 maintenance margin rate, 1 maintenance margin rate).