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Updates on Funding Rate Settlement Frequency of PHBBUSD Perpetual Contract (2022-09-20)

2022-09-20 08:05
Fellow Binancians,
Binance Futures has adjusted the funding rate settlement frequency of the PHBBUSD Perpetual Contract on 2022-09-20 at 08:00 (UTC). The funding rate settlement frequency is eight hours now.
Existing positions opened before the update will be affected. It is strongly advised to adjust the position and leverage in order to avoid any potential liquidation.
Further information:
Thanks for your support!
Binance Team
2022-09-20
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
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