Binance removes the premium index during the affected period for U.S. equities TradFi perpetual contracts
BIBIBI
AT A GLANCE
Binance stated that it will exclude the premium index for U.S. equities-linked TradFi perpetual contracts during the period of network disruption and will not include it in this funding rate calculation.
Article
Binance to remove the premium index during the affected period for U.S. equities TradFi perpetual contracts from funding rate calculations
PANews October 21 According to a Binance announcement, one of the largest overnight alternative trading systems in the United States (ATS) experienced October 21 intermittent network connectivity issues from 03: 46 to 06: 30（UTC). When Binance settles funding rates on October 21, it will remove the premium index for all U.S. equities-linked TradFi perpetual contracts during this period and exclude it from funding rate calculations.
PANews said the information came from a Binance announcement.
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One of the largest overnight alternative trading systems in the United States (ATS) experienced October 21 intermittent network connectivity issues from 03: 46 to 06: 30（UTC).
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Binance will settle funding rates on October 21. 08: 00（UTC)
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Binance will remove the premium index for all U.S. equities-linked TradFi perpetual contracts during the abnormal period and will no longer include it in funding rate calculations.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Funding rate settlements generally reference the premium index. This measure excludes the relevant premium index during the period of network disruption, preventing this data from being used in the funding rate calculation on October 21. 08: 00（UTC)
Why it matters to readers
The funding rate for the relevant contracts will not include the premium index from the abnormal period, which may affect the final settlement outcome.
If you hold the relevant U.S. equities-linked TradFi perpetual contracts, you should monitor this funding rate settlement; the materials do not provide the actual rate or specific amount.
Risks and unknowns
The materials do not include the original Binance announcement and are only relayed by PANews.
The name of the overnight alternative trading system that experienced the network issues was not disclosed.
The materials do not provide a specific list of affected contracts, actual funding rates, or settlement amounts.
The materials do not state whether the network connectivity issues have been fully resolved.
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Related concepts
Funding rate
A fee paid periodically between long and short positions to help keep the price of a perpetual contract close to the price of the underlying asset.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
