Dear user:

Binance Futures will update the FLMUSDT U-margined perpetual contract leverage and margin tiers at 02:15 on September 6, 2023 (Eastern Eighth District time). Users’ current positions will be affected. Users are advised to refer to the updated leverage and margin tier adjustments. Margin to avoid forced liquidation. The specific adjustments are as follows:

  • FLMUSDT U-margined perpetual contract

Original leverage and margin ladder

New leverage and margin ladder

Maximum leverage

(before fixing)

Position/Position

(USDT nominal value, before adjustments)

maintenance margin rate

(before fixing)

Maximum leverage

(adjusted)

Position

(USDT nominal value, adjusted)

Maintenance Margin Rate

(adjusted)

11x

0 < Position ≤ 5,000

2.00%

N/A

9 - 10x

5,000 < Position ≤ 25,000

2.50%

7 - 8x

0 < Position ≤ 25,000

2.50%

6 - 8x

25,000 < Position ≤ 100,000

5.00%

6x

25,000 < Position ≤ 100,000

5.00%

3 - 5x

100,000 < Position ≤ 250,000

10.00%

3 - 5x

100,000 < Position ≤ 250,000

10.00%

2x

250,000 < Position ≤ 1,000,000

12.50%

2x

250,000 < Position ≤ 1,000,000

12.50%

1x

1,000,000 < Position ≤ 1,500,000

50.00%

1x

1,000,000 < Position ≤ 1,500,000

50.00%

Binance Futures will adjust the FLMUSDT U-based perpetual contract funding rate settlement frequency at 02:15 on September 6, 2023 (Eastern Eighth District time). The funding rate settlement frequency is adjusted from every eight hours to every two hours. The specific arrangements are as follows:

Time (GMT+8)

Maximum Funding Rate

September 06, 2023 04:00

+2.50% / -2.50%

September 06, 2023 06:00

+2.50% / -2.50%

September 06, 2023 08:00

+2.50% / -2.50%

September 06, 2023 10:00

+2.50% / -2.50%

…

...

Notice:

  • The funding rate cap multiplier for FLMUSDT U-margin contracts has been increased from 0.75 to 1.

  • The maintenance margin will affect the upper limit of the funding rate. The upper limit of the funding rate = clamp (funding rate, -1*maintenance margin rate, 1*maintenance margin rate). For detailed calculation rules, please refer to the Introduction to Binance Futures Funding Rate.

  • In order to protect the rights and interests of users and reduce risks in extreme market conditions, Binance Futures may take additional protective measures for FLMUSDT U-margin perpetual contracts without further announcement. Potential protective measures include but are not limited to adjusting leverage and margin (including the maximum leverage multiple of each level, position limit, and maintenance margin rate), adjusting funding rates (including base rate, premium index, and fee cap), changing price index components, or using the "Latest Transaction Price Protection Mechanism" to update the mark price;

  • In the event of any discrepancy between the translated version and the original English version, the English version shall prevail.

illustrate:

  • Forced liquidation

  • Leverage and Margin for U-margin Contracts

  • Introduction to Binance Futures Funding Rates

Thank you for your support!

Binance Team

September 06, 2023