Binance Futures will adjust the settlement frequency of the YGGUSDT U-margined perpetual contract funding rate at 21:30 today

Odaily Planet Daily News According to the official announcement, Binance Futures will adjust the settlement frequency of the YGGUSDT U-margined perpetual contract funding rate at 21:30 on August 7th (Eastern Eighth District time). The funding rate settlement frequency will be adjusted from every eight hours to every two hours. The upper limit multiplier of the YGGUSDT U-margined perpetual contract funding rate has been increased from 0.75 to 1. Starting from 21:30 on August 7th (Eastern Eighth District time), the settlement frequency of the funding rate of the YGGUSDT U-margined perpetual contract will be adjusted from once every eight hours to once every two hours. The maintenance margin will affect the upper limit of the funding rate, and the upper limit of the funding rate = clamp (funding rate, -1*maintenance margin rate, 1*maintenance margin rate).