Binance tonight USDBRL: weekend index caliber will change
Tonight Taipei 22:00—Binance Perpetuals will list USDBRLUSDT. The pair is targeting the USD vs. Brazilian real, but settlement is still in USDT, and leverage can be pushed to 100x.
Don’t treat it like a regular crypto pair: on weekdays it uses the standard index, but on weekends and holidays it switches to Orderbook EWMA. The same contract is priced using different index methodologies on weekdays versus weekends.
Funding rate is capped at ±0.375%, settled every eight hours. Also, this contract is exempt from the rule that says when it hits the cap it switches to one-hour settlement. Whether the region can enable it is another matter; what I’m watching is the weekend index setup—don’t go into it on the weekend with the same assumptions as weekdays and try to muscle through.
Tonight Taipei 22:00—Binance Perpetuals will list USDBRLUSDT. The pair is targeting the USD vs. Brazilian real, but settlement is still in USDT, and leverage can be pushed to 100x.
Don’t treat it like a regular crypto pair: on weekdays it uses the standard index, but on weekends and holidays it switches to Orderbook EWMA. The same contract is priced using different index methodologies on weekdays versus weekends.
Funding rate is capped at ±0.375%, settled every eight hours. Also, this contract is exempt from the rule that says when it hits the cap it switches to one-hour settlement. Whether the region can enable it is another matter; what I’m watching is the weekend index setup—don’t go into it on the weekend with the same assumptions as weekdays and try to muscle through.
