Binance will adjust the leverage and margin tiers for the CYBER USDT-margined perpetual contract

ChainCatcher news, according to the official announcement, Binance Futures will update the leverage and margin tiers for the CYBER USDT U-margined perpetual contract on August 31, 2023, at 13:00 (UTC+8). Users' current positions will be affected, and users are advised to adjust their margins according to the updated leverage and margin tiers to avoid forced liquidation.

In addition, Binance will adjust the funding fee settlement frequency for the CYBER USDT U-margined perpetual contract to every four hours from the previous eight hours on August 31, 2023, at 16:30 (Beijing Time). The upper limit multiplier for the funding fee of the CYBER USDT U-margined contract has been increased from 0.75 to 1.