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Binance adjusts stock futures funding rate calculation, excluding data outages caused by overnight connectivity issues.
Binance announced that its October 21 stock futures funding rate calculation will exclude observations affected by overnight connectivity issues. This adjustment targets its US stock perpetual futures and aims to correct the input data used to determine payments between trading parties. Binance issued an announcement on October 21, stating that an unnamed US overnight alternative trading system experienced intermittent network connectivity problems between 03:46 and 06:30 UTC that day. Premium index data from the affected period will be removed from the 08:00 UTC funding rate calculation for all TradFi perpetual contracts with US stocks as underlying assets. The announcement did not disclose adjusted rates, payment amounts, or customer loss data, nor did it promise compensation.
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