Dear Bingbon Users：
In order to make the calculation of funding fees for long and short positions more reasonable and to achieve the purpose of returning the contract price to the market price, Bingbon will make adjustments to the settlement rules for funding fees of users' holding positions at 11:00 on Mar 06, 2021 (UTC+8).
The platform will cancel the rule of no settlement of funding fees for positions held for less than 1 hour; All orders held at the time points of funding fee settlement will be executed with the settlement of funding reward or funding expense.
For users using App (older than) V2.27.7, the funding rate rules on the order page/position page of the Standard Contract are inaccurate. Please refer to the latest version of the Bingbon app or this announcement for details.
Introduction to the Platform's Funding Fee Rules
Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before participating in contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether participating in contract trading is profitable. Investors should base their decision on their investment experience, goals, financial status, and ability to bear risks.
Bingbon Operation Team