Updates on Funding Rate Settlement Frequency of PHBBUSD Perpetual Contract (2022-09-20)

Fellow Binancians,

Binance Futures has adjusted the funding rate settlement frequency of the PHBBUSD Perpetual Contract starting from 2022-09-20 at 08:00 (UTC). The funding rate settlement frequency is eight hours now.

Existing positions opened before the update will be affected. It is strongly advised to adjust the position and leverage in order to avoid any potential liquidation.

Further information:

Updates on Funding Rate Settlement Frequency and Capped Funding Rate Multiplier of PHBBUSD Perpetual Contract (2022-09-17)
Liquidation
Leverage and Margin of USDⓈ-M Futures Contracts
Introduction to Binance Futures Funding Rates

Thanks for your support!

Binance Team

2022-09-20

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.

Read the original article at binance

Stay tuned to CoinCarp Social Media and Discuss with Us:

X (Twitter) | Telegram | Reddit

Download CoinCarp App Now: https://www.coincarp.com/app/