Updates on Leverage & Margin Tiers of USDⓈ-M BNXUSDT Perpetual Contracts (2022-12-04)

Fellow Binancians,
Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M BNXUSDT Perpetual Contracts on 2022-12-04 at 04:00 (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:

• BNXUSDT (USDⓈ-M Perpetual Contracts)

Notes:

• It is important to note that the maintenance margin change will directly affect liquidation price. Users who hold existing positions of USDⓈ-M BNXUSDT 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 funding rates of the USDⓈ-M BNXUSDT Perpetual Contracts. Capped Funding Rate = clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75* 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

Source