Binance Adjusts US Stock Perp Funding After Blue Ocean’s Overnight Trading Halt
By Unchained
AI summary of the source article
Binance excluded nearly three hours of price data from funding rate calculations on its US stock perpetual futures following an overnight trading halt at Blue Ocean. The adjustment was made to prevent trading distortions from impacting user funding payments.
Why it matters
According to Binance's head of exchange and trading, Shunyet Jan, Binance "kept the distorted period out of funding, so what users pay follows the real market."
Key facts
- Binance excluded the premium index from 03:46 to 06:30 UTC from its Oct. 21 funding rate calculation for TradFi Perps tied to US equities.
- US overnight trading venue Blue Ocean halted trading between 11:46 p.m. ET and 2:30 a.m. ET on Oct. 20 due to external network connectivity issues.
- The Blue Ocean outage halted or delayed daytime US stock quotes at multiple brokerages in Korea.
Source excerpt · Unchained
Binance kept a nearly three-hour window out of one funding settlement for its US equity perps after intermittent network connectivity issues at a large US overnight trading system. The post Binance Adjusts US Stock Perp Funding After Blue Ocean’s Overnight Trading Halt appeared first on Unchained .