Dear user:
Binance Futures will update the OGNUSDT U-based perpetual contract funding rate limit at 22:30 on October 1, 2023 (Eastern Eighth District time). The specific arrangements are as follows:
Notice:
Funding rates may fluctuate with market conditions. When market volatility is low, the rates are usually low, and when market volatility is high, the rates may reach the upper/lower limits;
Under extreme market conditions, the funding rate may exceed the maintenance margin rate. Since the funding rate is directly deducted from the user's margin, users are strongly advised to pay close attention to their contract positions and margin balances to avoid insufficient margin and forced liquidation;
Users can visit the "Real-time Funding Rate" and "Funding Rate History" pages to view the latest funding rate settlement cycle and funding rate upper/lower limits. API users can query U-based contract funding rate information through the newly added interface (GET /fapi/v1/fundingInfo);
In the event of any discrepancy between the translated version and the original English version, the English version shall prevail.
illustrate:
Leverage and Margin for U-margin Contracts
Introduction to Binance Futures Funding Rates
Thank you for your support!
Binance Team
October 01, 2023