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Updates on Leverage, Margin Tiers and Capped Funding Rate Multiplier for BEL USDⓈ-M Perpetual Contract (2022-05-29)

Updates on Leverage, Margin Tiers and Capped Funding Rate Multiplier for BEL USDⓈ-M Perpetual Contract (2022-05-29)

2022-05-29 08:20
Fellow Binancians,
Binance Futures has adjusted the margin tiers of the BEL USDⓈ-M Perpetual Contract on 2022-05-29 at 07:20 AM (UTC), with the new leverage and margin tiers reflected in the table below. Existing positions opened before the update will not be affected.
The max leverage of BEL USDⓈ-M Perpetual Contract has been reduced to 25x.
Earlier Leverage
New Leverage
Position
21-50x
21-25x
0 < Position ≤ 5,000
11-20x
11-20x
5,000 < Position ≤ 25,000
6-10x
6-10x
25,000 < Position ≤ 100,000
3-5x
3-5x
100,000 < Position ≤ 250,000
2x
2x
250,000 < Position ≤ 1,000,000
1x
1x
1,000,000 < Position ≤ 30,000,000
In addition, Binance has updated the Capped Funding Rate Multiplier of the BEL USDⓈ-M Perpetual Contract on 2022-05-29 at 06:00 AM (UTC). The Capped Funding Rate Multiplier is raised from 0.75 to 1.
Note:
  • 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.
Further information:
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
2022-05-29
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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.