Binance will update the frequency mechanism for settlement of fund rates for U-based perpetual contracts

Odaily Planet Daily News: According to official announcements, Binance announced that starting from 16:00 on May 2, 2025 (GMT+8 time), Binance contracts will adjust the settlement frequency of fund rates for U-based perpetual contracts. If the settlement of the previous funding cycle of the U-based perpetual contract reaches the upper/lower limit of the funding rate, the Binance contract will adjust the settlement frequency from every eight hours or every four hours to every hour.