Fellow Binancians,
Binance Futures will increase the funding rate settlement frequency of the FTTUSDT and FTTBUSD Perpetual Futures Contracts starting from 2022-11-10 at 04:00 (UTC). The detailed arrangement is as in the table below.
Time | Max Funding Rate of FTTUSDT Perpetual Futures Contracts | Max Funding Rate of FTTBUSD Perpetual Futures Contracts |
2022-11-10 04:00 (UTC) | +2.50% / -2.50% | +2.50% / -2.50% |
2022-11-10 06:00 (UTC) | +2.50% / -2.50% | +2.50% / -2.50% |
2022-11-10 08:00 (UTC) | +2.50% / -2.50% | +2.50% / -2.50% |
2022-11-10 10:00 (UTC) | +2.50% / -2.50% | +2.50% / -2.50% |
2022-11-10 12:00 (UTC) | +2.50% / -2.50% | +2.50% / -2.50% |
2022-11-10 14:00 (UTC) | +2.50% / -2.50% | +2.50% / -2.50% |
… | +2.50% / -2.50% | +2.50% / -2.50% |
Notes:
- Please note that there may be further adjustments to the funding rate settlement frequency of the aforementioned perpetual futures contracts. There will be no further announcement on such adjustments.
- As of 2022-11-09, the Capped Funding Rate Multiplier for FTTUSDT and FTTBUSD Perpetual Futures Contracts 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.
Max Funding Rate Calculation Example:
- To calculate the Funding Rate Floor and Cap of FTTBUSD Perpetual Futures Contracts, 2.50% is used as the "Maintenance Margin Ratio" corresponding to the maximum leverage of 8x on the Leverage & Margin Table.
- Cap = Capped Funding Rate Multiplier * Maintenance Margin Ratio = 1 * 2.50% = +2.50%
- Floor = Capped Funding Rate Multiplier * Maintenance Margin Ratio = -1 * 2.50% = -2.50%
Existing positions opened before the updates will be affected. It is strongly advised to adjust the position and leverage in order to avoid any potential liquidation.
Further information:
- Liquidation
- Leverage and Margin of USDⓈ-M Futures Contracts
- Introduction to Binance Futures Funding Rates
Thanks for your support!
Binance Team
2022-11-10
Find us on
Telegram: https://t.me/binanceexchange
Twitter: https://twitter.com/binance
Facebook: https://www.facebook.com/binance
Instagram: https://www.instagram.com/binance
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.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.