Binance Futures Will Update the Leverage, Margin Tiers and Capped Funding Rate Multiplier of USDⓈ-M HIFIUSDT Perpetual Contract
Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M HIFIUSDT Perpetual Contract at 2023-09-16 19:30 (UTC), as per the table below.
Existing positions opened before the update will be affected. It is strongly advised to adjust the position and leverage prior to the adjustment in order to avoid any potential liquidation.
Updates to Leverage & Margin Tiers:
HIFIUSDT (USDⓈ-M Perpetual Contract)
The capped funding rate multiplier for the USDⓈ-M HIFIUSDT Perpetual Contract was raised from 0.75 to 1.
Capped Funding Rate = clamp (Funding Rate, -1 * Maintenance Margin Ratio, 1 * Maintenance Margin Ratio). For more on funding rate, please refer to Introduction to Binance Futures Funding Rates.
In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the USDⓈ-M HIFIUSDT Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
For more information:
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.