Dear user:

Binance Futures will adjust the SXPUSDT U-margined contract leverage and margin levels at 00:30 on April 4, 2023 (Eastern Eighth District time).

The latest leverage and margin ladder for SXPUSDT (U-based perpetual contract):

Notice:

• The SXPUSDT U-margined contract funding rate cap multiplier is increased from 0.75 to 1.

• Maintenance margin will directly affect the forced liquidation price. Users holding the above SXPUSDT U-based contract positions will be affected. In order to avoid forced liquidation (that is, the risk ratio reaches 100%), users are asked to reasonably replenish the margin or reduce the position. The recommended margin rate is Control it below 80%.

• The maintenance margin will affect the upper limit of the SXPUSDT U-based contract funding rate. For detailed calculation rules, please refer to the Binance Contract Funding Rate Introduction.

• In order to protect the rights and interests of users and reduce potential risks under extreme market conditions, Binance Futures may take additional protective measures for the SXPUSDT U-based perpetual contract without further announcement. Potential protection measures include, but are not limited to, adjusting leverage and margin (including the maximum leverage multiple at each level, position limits, and maintenance margin rates), adjusting funding rates (including base interest rates, premium indexes, and rate caps), and changing price index components. Or use the "latest transaction price protection mechanism" to update the mark price.

• If there is any discrepancy between the translated version and the original English version, the English version shall prevail.

For more related content, please refer to:

• Forced liquidation

• Leverage and margin for U-margined contracts

• Introduction to Binance Futures Funding Rates

Thank you for supporting Binance!

Binance Team

April 03, 2023