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Updates on Leverage & Margin Tiers of USDⓈ-M RENUSDT Perpetual Contracts (2022-11-25)
Fellow Binancians,
Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M RENUSDT Perpetual Contracts on 2022-11-25 at 11:30 (UTC) as reflected in the table 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:
- RENUSDT (USDⓈ-M Perpetual Contracts)
Previous Leverage and Margin Tiers | New Leverage and Margin Tiers | ||||
Leverage | 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 ≤ 5,000,000 | 50.00% | 1x | 1,000,000 < Position ≤ 5,000,000 | 50.00% |
Notes:
- It is important to note that the maintenance margin change will directly affect liquidation price. Users who hold existing positions of USDⓈ-M RENUSDT 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 RENUSDT funding rate. Capped Funding Rate = clamp (Funding Rate, -1 * Maintenance Margin Ratio, 1* Maintenance Margin Ratio). 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
2022-11-25
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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.
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