Fellow Binancians, Binance constantly reviews its product and service offerings to ensure the best user experience for all users. Based on the recent reviews, Binance Futures will increase the funding rate settlement frequency of selected USDⓈ-M Perpetual Contracts from every eight hours to every four hours at 2023-10-12 at 08:00 (UTC). Effective from 2023-10-09 at 08:30 (UTC), the capped funding rates for selected USDⓈ-M Perpetual Contracts will also be updated to ± 3%. This applies to all USDⓈ-M Perpetual Contracts with a maximum leverage of 25x or below. If the maximum leverage of a contract is lowered to 25x or below, the ± 3% capped funding rate will be applied automatically. There will be no separate announcement. Binance Futures will continue to review funding rates constantly and make necessary adjustments accordingly. If there are changes on multiple futures contracts, an announcement will be sent to notify users at least two weeks in advance. The two-week advance notice may not be feasible in some cases such as during extreme market volatility, and a shorter notice period may apply. Thank you for your understanding! Funding rate settlement frequency of the following USDⓈ-M Perpetual Contracts will be adjusted to every four hours. USDⓈ-M IMX Perpetual ContractUSDⓈ-M LPT Perpetual ContractUSDⓈ-M API3 Perpetual ContractUSDⓈ-M HIFI Perpetual ContractUSDⓈ-M NMR Perpetual ContractUSDⓈ-M TRB Perpetual ContractUSDⓈ-M BLZ Perpetual ContractUSDⓈ-M DODO Perpetual ContractUSDⓈ-M STMX Perpetual ContractUSDⓈ-M CYBER Perpetual ContractUSDⓈ-M YGG Perpetual ContractUSDⓈ-M UNFI Perpetual ContractUSDⓈ-M FLM Perpetual ContractUSDⓈ-M PERP Perpetual ContractUSDⓈ-M AMB Perpetual Contract About Funding Rates Funding rates help converge the price of the perpetual contract and the price of the underlying asset on the spot market. Funding rates are transferred directly between traders. Binance only facilitates the exchange of funding amounts between long-position and short-position holders. If the funding rate is positive, long-position holders will pay funding amounts to short-position holders, and vice versa. Funding amounts are calculated based on the nominal value of positions and funding rates. Funding rates may vary depending on market conditions. The rates are generally much lower during times of low volatility, and may hit the maximum levels only during high volatility. In extreme market conditions, funding rates may exceed the Maintenance Margin Ratio. As funding rates are deducted directly from users’ collateral, users are strongly advised to monitor their positions and available collateral closely to avoid margin calls and liquidations. Funding payments with a settlement frequency of every 8 hours occur at 00:00 (UTC), 08:00 (UTC), and 16:00 (UTC), while funding payments with a settlement frequency of every 4 hours occur at 00:00 (UTC), 04:00 (UTC), 08:00 (UTC), 12:00 (UTC), 16:00 (UTC) and 20:00 (UTC). Users may visit the Real-Time Funding Rate and Funding Rate History pages to view the latest funding interval and funding rate Cap/Floor. API users may query USDⓈ-M futures funding rate information via the newly added endpoint: GET /fapi/v1/fundingInfo. For More Information: Introduction to Binance Futures Funding RatesLeverage and Margin of USDⓈ-M Futures Note: Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Thanks for your support! Binance Team 2023-09-28