Fellow Binancians,
To provide users with a better trading experience, the calculation mechanism of capped funding rate for perpetual contracts will be adjusted at 2021-05-11 1:00 PM (UTC). The specific adjustment details are as follows:
Rules before the adjustment:
Floor = max (Funding Rate of last period - 0.75 * Maintenance Margin Ratio, -0.75 * (Initial Margin Ratio - Maintenance Margin Ratio))
Cap = min (Funding Rate of last period + 0.75 * Maintenance Margin Ratio, 0.75 * (Initial Margin Ratio - Maintenance Margin Ratio))
Capped Funding Rate = clamp (Funding Rate, Floor, Cap)
Rules after the adjustment:
Floor = -0.75 * Maintenance Margin Ratio
Cap = 0.75 * Maintenance Margin Ratio
Capped Funding Rate = clamp (Funding Rate, Floor, Cap)
Further information:
Risk Warning: Futures trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures.
Thanks for your support!
Binance Team
2021-05-11
Trade on the go with Binanceās mobile crypto trading app
Find us on
Telegram: https://t.me/binanceexchange
Twitter: https://twitter.com/binance
Facebook: https://www.facebook.com/binance
Instagram: https://www.instagram.com/binance
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.