Fellow Binancians,
Binance Futures will make adjustments to the margin tiers of the USDⓈ-M SXPUSDT Perpetual Contract on 2023-04-03 at 16:30 (UTC).
New Leverage & Margin Tiers of the USDⓈ-M SXPUSDT Perpetual Contract:
Previous Leverage and Margin Tiers | New Leverage and Margin Tiers | ||||
Leverage Before Change | 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% | 21 - 25x | 0 < Position ≤ 5,000 | 2.00% |
11 - 20x | 5,000 < Position ≤ 25,000 | 2.50% | 11 - 20x | 5,000 < Position ≤ 25,000 | 2.50% |
6 - 10x | 25,000 < Position ≤ 600,000 | 5.00% | 6 - 10x | 25,000 < Position ≤ 600,000 | 5.00% |
5x | 600,000 < Position ≤ 1,600,000 | 10.00% | 5x | 600,000 < Position ≤ 1,600,000 | 10.00% |
3 - 4x | 1,600,000 < Position ≤ 2,000,000 | 12.50% | 3 - 4x | 1,600,000 < Position ≤ 2,000,000 | 12.50% |
2x | 2,000,000 < Position ≤ 6,000,000 | 25.00% | 2x | 2,000,000 < Position ≤ 6,000,000 | 25.00% |
1x | 6,000,000 < Position ≤ 10,000,000 | 50.00% | 1x | 6,000,000 < Position ≤ 10,000,000 | 50.00% |
Notes:
- The capped funding rate multiplier for the USDⓈ-M SXPUSDT Perpetual Contracts is raised from 0.75 to 1.
- It is important to note that the maintenance margin change will directly affect liquidation price. Users who hold existing positions of the USDⓈ-M SXPUSDT Perpetual Contract 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 rates of the USDⓈ-M SXPUSDT Perpetual Contract. For more details on funding rate, please refer to Introduction to Binance Futures Funding Rates.
- In order to protect our customers and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the USDⓈ-M SXPUSDT Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Further information:
- Liquidation Protocols
- Leverage and Margin of USDⓈ-M Futures Contracts
- Introduction to Binance Futures Funding Rates
Thanks for your support!
Binance Team
2023-04-03
Find us on
Binance reserves the right in its sole discretion to amend 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.