Binance will update the upper and lower limits of funding rates for some U-margin perpetual contracts to 3% and -3% starting from October 9

CoinVoice has recently learned that on September 28, according to an official announcement, Binance Contracts will adjust the funding rate settlement frequency of some U-based perpetual contracts from every eight hours to every four hours at 16:00 on October 12, 2023 (Eastern Time Zone 8).

Starting from 16:00 (ET) on October 9, 2023, the upper and lower limits of the funding rate for some U-margined perpetual contracts on Binance will be updated to 3% and -3%. This adjustment applies to all U-margined perpetual contracts with a maximum leverage of 25x or less. [Original link]