Dear Users,
Binance Futures will adjust the funding rate frequency and cap multiplier for the OMG USDⓈ-Margined Contract starting at 22:00 (UTC+8) on November 11, 2021. Key changes include:
Key Updates
Funding Rate Settlement Frequency:
- Updated from every 8 hours to every 2 hours until 08:00 (UTC+8) on November 12, 2021.
Funding Rate Cap Multiplier:
- Increased from 0.75 to 1.
Schedule & Maximum Funding Rates
| Time (UTC+8) | Maximum Funding Rate |
|---|---|
| November 11, 22:00 | ±2.40% |
| November 12, 00:00 | ±2.40% |
| November 12, 02:00 | ±2.40% |
| November 12, 04:00 | ±2.40% |
| November 12, 06:00 | ±2.40% |
| November 12, 08:00 | ±2.40% |
Important Notes
- Funding Rate Cap Formula:
Funding Rate Cap = Clamp(Funding Rate, -1 * Maintenance Margin Rate, 1 * Maintenance Margin Rate).
For OMG at 25x leverage, the maintenance margin rate is 0.24%, yielding a cap of ±2.4%.
👉 Learn more about Binance Futures funding rates
Risk Management Tips
- Adjust positions and margins for open orders to avoid liquidation.
- Monitor price volatility closely—high leverage amplifies risks.
FAQs
Q: Why did Binance adjust the funding rate frequency?
A: To improve market responsiveness and reduce potential funding rate discrepancies during high volatility.
Q: How does the funding rate cap multiplier affect my trades?
A: A higher multiplier (now 1) means funding rates can reach wider bounds, impacting long/short position costs.
Q: Where can I find historical funding rate data?
A: Check Binance’s official documentation or API for past rates.
👉 Explore advanced trading strategies
Disclaimer:
Futures trading involves high risk. Past performance doesn’t guarantee future results. Binance isn’t liable for trading losses. Always conduct independent research.
### Keywords
1. Binance Futures
2. OMG USDⓈ-Margined Contract
3. Funding Rate Adjustment
4. Crypto Derivatives
5. Risk Management
6. Trading Strategies
7. Leverage Trading
8. Maintenance Margin