On April 25, according to an official announcement, Binance announced that from 16:00 on May 2, 2025 (East Eighth District time), the Binance contract will adjust the settlement frequency of the fund rate of the U-normal perpetual contract.
If the U-primary perpetual contract settles at the upper/lower limit of the fund rate in the last fund cycle, the Binance contract will adjust the settlement frequency from every eight hours or every four hours to every hour.
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