CoinTR Futures adjust the leverage and margin tiers of the USDⓈ-M TRBUSDT Perpetual Contract at 2023-09-18 04:00 (UTC), as per 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.
TRBUSDT (USDⓈ-M Perpetual Contract)
|
Previous Leverage and Margin Tiers
|
New Leverage and Margin Tiers
|
||||
|
Leverage
|
Maximum amount
|
Maintenance Margin Rate
|
Leverage
|
Maximum amount
|
Maintenance Margin Rate
|
|
25
|
200
|
2.00%
|
10 |
500
|
5.00%
|
|
20
|
1000
|
2.50%
|
8 |
1000
|
6.25%
|
|
10
|
2000
|
5.00%
|
6 |
1500
|
8.33%
|
| 5 |
4000
|
10.00%
|
5 |
2000
|
10.00%
|
| 3 |
6000
|
16.67%
|
3 |
5000
|
16.67%
|
| 2 |
999999999
|
25.00%
|
2 |
999999999
|
25.00%
|
Please Note:
-
The capped funding rate multiplier for the USDⓈ-M TRBUSDT Perpetual Contract was adjusted from 0.75 to 0.6.
-
Capped Funding Rate = clamp (Funding Rate, -0.6 * Maintenance Margin Ratio, 0.6 * Maintenance Margin Ratio). For more on funding rates.
In order to protect users and prevent potential risks in extremely volatile market conditions, CoinTR Futures may undertake additional protective measures toward the USDⓈ-M Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
*Please refer to the details of following articles to make your final decisions:
CoinTR Team
Sep 18, 2023
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