Binance Futures has announced changes to the leverage, margin tiers, and funding rate settlement frequency for the USDⓈ-M REEFUSDT Perpetual Contract, effective October 16, 2024 at 09:30 UTC.
Binance Futures to Adjust Leverage, Collateral Tiers, and Funding Rate Frequency for REEFUSDT Perpetual Contract
Changes in Leverage and Collateral Levels
The updated leverage and margin levels will apply to both existing and new positions. Traders who had open positions prior to the update are advised to adjust their positions and leverage to reduce liquidation risk.
Increased Funding Rate Placement Frequency
Starting at 09:30 on October 16, Binance will increase the funding rate payout frequency for the REEFUSDT Perpetual Contract from every eight hours to every four hours. This change aims to improve the efficiency of funding payouts and reflect market dynamics more frequently.
Impact on Users
Traders with active positions should take note of these updates and ensure their accounts are adequately funded to avoid forced liquidation. It is recommended to adjust leverage settings prior to changes to manage potential risks.
This update is part of Binance's ongoing efforts to optimize trading conditions for its users and improve the performance of its futures contracts.
*This is not investment advice.