Fellow Binancians,
Binance Futures will adjust the maintenance margin tiers of the USDⓈ-M MASK and BAND Perpetual Contracts on 2022-11-04 at 09:30 (UTC) and 2022-11-04 at 10:00 (UTC) respectively, as reflected in the table below.
The maintenance margin rates will be adjusted for the first tier. Existing positions opened before the update will be affected. It is strongly advised to adjust the position and leverage prior to the adjustment in order to avoid any potential liquidation.
Updates to Margin Tiers:
- MASKUSDT (USDⓈ-M Perpetual Contracts)
Previous Leverage and Margin Tiers | New Leverage and Margin Tiers | ||||
Leverage | Position Before Change (Notional Value in USDT) | Maintenance Margin Rate (Before Change) | Leverage After Change | Position After Change (Notional Value in USDT) | Maintenance Margin Rate (After Change) |
21 - 25x | 0 < Position ≤ 5,000 | 1.00% | NA | ||
11 - 20x | 5,000 < Position ≤ 25,000 | 2.50% | 11 - 20x | 0 < Position ≤ 25,000 | 2.50% |
6 - 10x | 25,000 < Position ≤ 100,000 | 5.00% | 6 - 10x | 25,000 < Position ≤ 100,000 | 5.00% |
3 - 5x | 100,000 < Position ≤ 250,000 | 10.00% | 3 - 5x | 100,000 < Position ≤ 250,000 | 10.00% |
2x | 250,000 < Position ≤ 1,000,000 | 12.50% | 2x | 250,000 < Position ≤ 1,000,000 | 12.50% |
1x | 1,000,000 < Position ≤ 5,000,000 | 50.00% | 1x | 1,000,000 < Position ≤ 5,000,000 | 50.00% |
- BANDUSDT (USDⓈ-M Perpetual Contracts)
Previous Leverage and Margin Tiers | New Leverage and Margin Tiers | ||||
Leverage | Position Before Change (Notional Value in USDT) | Maintenance Margin Rate (Before Change) | Leverage After Change | Position After Change (Notional Value in USDT) | Maintenance Margin Rate (After Change) |
21 - 50x | 0 < Position ≤ 5,000 | 1.00% | NA | ||
11 - 20x | 5,000 < Position ≤ 25,000 | 2.50% | 11 - 20x | 0 < Position ≤ 25,000 | 2.50% |
6 - 10x | 25,000 < Position ≤ 100,000 | 5.00% | 6 - 10x | 25,000 < Position ≤ 100,000 | 5.00% |
3 - 5x | 100,000 < Position ≤ 250,000 | 10.00% | 3 - 5x | 100,000 < Position ≤ 250,000 | 10.00% |
2x | 250,000 < Position ≤ 1,000,000 | 12.50% | 2x | 250,000 < Position ≤ 1,000,000 | 12.50% |
1x | 1,000,000 < Position ≤ 5,000,000 | 50.00% | 1x | 1,000,000 < Position ≤ 5,000,000 | 50.00% |
Notes:
- It is important to note that the maintenance margin change will directly affect liquidation price. Users who hold existing positions of USDⓈ-M MASK and BAND Perpetual Contracts will be affected. To avoid being liquidated (i.e. margin ratio hits 100%), please add more margin to your USDⓈ-M Futures account or reduce your positions. It is recommended to control the margin ratio below 80%.
- Maintenance margin rate change will affect the funding rate. Capped Funding Rate = clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio). For more details on funding rate, please refer to Introduction to Binance Futures Funding Rates.
Further information:
Thanks for your support!
Binance Team
2022-11-04
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