Fellow Binancians,

Binance Futures will increase the funding rate settlement frequency of the SOLUSDT, SOLBUSD and SOLUSD Perpetual Futures Contracts starting from 2022-11-09 at 20:00 (UTC). The detailed arrangement is as in the table below.

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 SOLUSDT, SOLBUSD and SOLUSD Perpetual Futures Contracts has been 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 SOLBUSD Perpetual Futures Contracts, 2.50% is used as the "Maintenance Margin Ratio" corresponding to the maximum leverage of 20x 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:

Thanks for your support!

Binance Team

2022-11-09

 

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

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.