The Insurance Fund is designed to use the collateral from fees on non-bankrupt clients to cover losses when the client accounts go below 0 in value. The primary purpose of the Insurance Fund is to limit the occurrences of counterparty-liquidation.
The Insurance Fund will be subject to the following rules:
The fund will have a maximum net notional position check. The fund will not be allowed to exceed a predefined position notional on the market; by default, this is 100% the size of the insurance fund. Any positions that would increase beyond the max notional will be subject to counterparty-liquidation. The insurance fund will offload positions according to a preset algorithm. All events that would normally require intervention by the insurance fund will instead go into counterparty-liquidation before the fund could take positions.
All perpetual futures contracts on Binance Futures share a common insurance fund, with the exception of BTCUSDT and ETHUSDT, that have their own insurance fund.
Now, you can access the insurance fund balance (USDT) of BTCUSDT, ETHUSDT, and all other perpetual contracts.
Click “Information” and go to “Funding Rate History”. Alternatively, you can directly visit https://www.binance.com/en/futures/funding-history/2
New version of trading interface:
Old version of trading interface:
Insurance Fund History: