Updates on the Futures Trading Rules (2022-02-18)
2022-02-17 12:31
Fellow Binancians,
To build a better trading environment, Binance will update the Quantitative Rules for Futures Trading at 2022-02-18 00:00 (UTC).
- Different Recording and Ban Thresholds will be introduced based on users’ VIP tiers:
- VIP 9: Exempted from Quantitative Rules
- VIP 4 to 8: Refer to the table below
Indicator | Recording Threshold | Ban Threshold |
Unfilled Ratio (UFR) | All orders count within the cycle >= 10,000 | UFR >= 0.99 |
GTC Cancel Ratio (GCR) | GTC orders count within the cycle >= 5,000 | GCR >= 0.99 |
IOC & FOK Expire Ratio (IFER) | IOC & FOK orders count within the cycle >= 5,000 | IFER >= 0.99 |
Dust Ratio (DR) | All orders count within the cycle >= 10,000 | DR >= 0.9 |
Ban Count (BC) | Ban count within 24 hours | BC within 24 hours >= 10 |
- Regular users & VIP 1 to 3: Refer to the table below
- Where “N” is the number of contract symbols with open orders.
Indicator | Recording Threshold | Ban Threshold |
Unfilled Ratio (UFR) | All orders count within the cycle >= 10,000/(1.2^(N-1)) | UFR >= 0.99 |
GTC Cancel Ratio (GCR) | GTC orders count within the cycle >= 5,000/(1.2^(N-1)) | GCR >= 0.99 |
IOC & FOK Expire Ratio (IFER) | IOC & FOK orders count within the cycle >= 5,000/(1.2^(N-1)) | IFER >= 0.99 |
Dust Ratio (DR) | All orders count within the cycle >= 10,000/(1.2^(N-1)) | DR >= 0.9 |
Ban Count (BC) | Ban count within 24 hours | BC within 24 hours >= 10 |
- Restrictions
- LEVEL 1 RESTRICTIONS - Single Symbol Violation
- Users who violate the Quantitative Rules for Futures Trading for once on a certain symbol will be restricted from opening or increasing positions for 5 minutes on the corresponding symbol. The restrictions will be lifted automatically after 5 minutes. Please note that these restrictions do not prevent users from placing reduce-only orders or from trading other symbols on which they do not violate the Rules.
- LEVEL 2 RESTRICTIONS - Repeated Violation
- Users who violate the Quantitative Rules for Futures Trading for 10 times on the same symbol within 24 hours will be restricted from opening or increasing positions on the corresponding symbol for the next 2 hours. The restrictions will be lifted automatically after 2 hours. Please note that these restrictions do not prevent users from placing reduce-only orders or from trading other symbols on which they do not violate the Rules.
- LEVEL 3 RESTRICTIONS - Account Violation
- Users that have 10 or more symbols restricted at the same time will trigger an Account Level restriction. Users will be restricted from opening or increasing positions on ALL SYMBOLS for the next 2 hours. The restrictions will be lifted automatically after 2 hours. Users can only place Reduce Only orders during this period.
- LEVEL 1 RESTRICTIONS - Single Symbol Violation
For further information, please refer to the Binance Futures Trading Quantitative Rules.
Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures. To learn more about how to protect yourself, visit our Responsible Trading resource page.
Thanks for your support!
Binance Team
2022-02-17
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Note: This announcement was updated on 2022-02-18 to make corrections to some details, and 2022-03-14 to rename VIP 0 to regular accounts/users.
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.