After UNITREE Goes Live, Funding Rate Settlement Is Faster
Binance Futures listed UNITREEUSDT at 10:45 (Beijing time) on August 19. Later, at 14:45, it issued an adjustment announcement: starting from 16:15 that day, the funding rate settlement interval was shortened from every 8 hours to every 4 hours. This contract is based on Unitree Technology stock and is denominated in USDT. The maximum leverage is 20x. It is not a spot coin, and it does not equal holding the stock.
Those most affected are positions held across settlement times. The funding rate cap remains ±2%. Example: with a notional position of 10,000 USDT, if a funding rate is 0.5%, the payer would pay 50 USDT once. After the interval is shortened, if the same rate persists, it may be settled more times in a day. The actual funding rate changes with the market. Positive funding rates typically mean the long side pays the short side in multiple directions, while negative funding rates are the opposite.
Before opening a position, check at least three things: the current funding rate, the countdown to the next settlement, and the notional position size. Do you check the settlement countdown before opening?
$UNITREE #热点核验 #资金费率 #Contract Risk
Binance Futures listed UNITREEUSDT at 10:45 (Beijing time) on August 19. Later, at 14:45, it issued an adjustment announcement: starting from 16:15 that day, the funding rate settlement interval was shortened from every 8 hours to every 4 hours. This contract is based on Unitree Technology stock and is denominated in USDT. The maximum leverage is 20x. It is not a spot coin, and it does not equal holding the stock.
Those most affected are positions held across settlement times. The funding rate cap remains ±2%. Example: with a notional position of 10,000 USDT, if a funding rate is 0.5%, the payer would pay 50 USDT once. After the interval is shortened, if the same rate persists, it may be settled more times in a day. The actual funding rate changes with the market. Positive funding rates typically mean the long side pays the short side in multiple directions, while negative funding rates are the opposite.
Before opening a position, check at least three things: the current funding rate, the countdown to the next settlement, and the notional position size. Do you check the settlement countdown before opening?
$UNITREE #热点核验 #资金费率 #Contract Risk