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Updates on Tick Size, Leverage & Margin Tiers of Multiple Perpetual Contracts (2022-12-14)
Fellow Binancians,
In order to increase market liquidity and improve your trading experience, Binance will adjust the tick size (i.e., the minimum change in the unit price) of the following perpetual futures contracts at 2022-12-16 06:30 (UTC), as shown in the table below.
- The adjustment will not impact USDⓈ-M and COIN-M Futures trading operations.
- Tick size via API will also change. API users may use GET /fapi/v1/exchangeInfo and GET /dapi/v1/exchangeInfo for the latest tick size of USDⓈ-M and COIN-M perpetual futures contracts respectively. For further details and updates, please refer to our full API Changelog.
- The tick size update will not affect existing orders. After the tick size is updated, orders placed before the update will be matched with the original tick size.
The specific adjustment details are as follows:
Contract Type | Trading Pair | Before | After |
COIN-M Futures | XTZUSD | 0.001 | 0.0001 |
USDⓈ-M Futures | WAVESUSDT | 0.001 | 0.0001 |
USDⓈ-M Futures | WAVESBUSD | 0.001 | 0.0001 |
Meanwhile, Binance Futures will adjust the leverage and margin tiers of multiple USDⓈ-M Perpetual Contracts on 2022-12-16 at 10:00 (UTC), 2022-12-16 at 10:15 (UTC), and 2022-12-16 at 10:30 (UTC) respectively, as reflected in the tables below.
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 Leverage & Margin Tiers:
- OCEANUSDT, CHRUSDT, COTIUSDT, KNCUSDT and ALPHAUSDT (USDⓈ-M Perpetual Contracts) on 2022-12-16 at 10:00 (UTC)
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% | 21x | 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 ≤ 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 ≤ 3,000,000 | 50.00% | 1x | 1,000,000 < Position ≤ 3,000,000 | 50.00% |
- DGBUSDT, 1000XECUSDT, GTCUSDT, OGNUSDT, ARPAUSDT, BAKEUSDT, CTSIUSDTand GALUSDT (USDⓈ-M Perpetual Contracts) on 2022-12-16 at 10:15 (UTC)
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) |
11 - 20x | 0 < Position ≤ 5,000 | 1.00% | 11 - 20x | 0 < Position ≤ 5,000 | 2.00% |
9 - 10x | 5,000 < Position ≤ 25,000 | 2.50% | 9 - 10x | 5,000 < Position ≤ 25,000 | 2.50% |
6 - 8x | 25,000 < Position ≤ 100,000 | 5.00% | 6 - 8x | 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 ≤ 3,000,000 | 50.00% | 1x | 1,000,000 < Position ≤ 3,000,000 | 50.00% |
- BELUSDT (USDⓈ-M Perpetual Contracts) on 2022-12-16 at 10:30 (UTC)
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) |
11 - 20x | 0 < Position ≤ 5,000 | 1.00% | 11 - 20x | 0 < Position ≤ 5,000 | 2.00% |
9 - 10x | 5,000 < Position ≤ 25,000 | 2.50% | 9 - 10x | 5,000 < Position ≤ 25,000 | 2.50% |
6 - 8x | 25,000 < Position ≤ 100,000 | 5.00% | 6 - 8x | 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 ≤ 2,000,000 | 50.00% | 1x | 1,000,000 < Position ≤ 2,000,000 | 50.00% |
Notes:
- It is important to note that the maintenance margin change will directly affect liquidation price. Users who hold existing positions of the above USDⓈ-M 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 rates of the above USDⓈ-M Perpetual Contracts. For more details on funding rate, please refer to Introduction to Binance Futures Funding Rates.
Further information:
- Liquidation
- Leverage and Margin of USDⓈ-M Futures Contracts
Thanks for your support!
Binance Team
2022-12-14
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or change or cancel the products referred to in 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.
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