Fellow Binancians,
Binance Futures will gradually adjust the margin tiers of the OMG USDⓈ-M Contract starting from 2021-11-09 at 11:30 AM (UTC) with new leverage and margin tiers as reflected in the table below. Position value and maintenance margin will be adjusted in each tier. 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.
The max position of OMG USDⓈ-M Perpetual Contract has been reduced to 10,000,000 USDT in notional value and the max leverage of OMG USDⓈ-M Perpetual Contract has been reduced to 25x.
Notes:
- It is important to note that the maintenance margin change will directly affect liquidation price. Users who held existing positions of the OMG USDⓈ-M 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 rate. Capped Funding Rate = clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio). For more on funding rate, please refer to Introduction to Binance Futures Funding Rates.
- OMGUSDT
Leverage | Position Before Change (Notional Value in USDT) | Position After Change (Notional Value in USDT) | Maintenance Margin Rate (After Change) |
21-25x | 0 < Position ≤ 5,000 | 0 < Position ≤ 5,000 | 2.4% |
11-20x | 5,000 < Position ≤ 25,000 | 5,000 < Position ≤ 25,000 | 2.5% |
6-10x | 25,000 < Position ≤ 100,000 | 25,000 < Position ≤ 100,000 | 5.00% |
3-5x | 100,000 < Position ≤ 250,000 | 100,000 < Position ≤ 250,000 | 10.00% |
2x | 250,000 < Position ≤ 1,000,000 | 250,000 < Position ≤ 1,000,000 | 12.50% |
1x | Position > 1,000,000 | 1,000,000 < Position ≤ 10,000,000 | 50.00% |
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
2021-11-09
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Note: This announcement was last updated on 2021-11-09 to reflect the impact of the adjustment on funding rate and to update some parameters.
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.
Note: This announcement was last updated on 2021-11-09 to reflect the impact of the adjustment on funding rate and to update some parameters.
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.