"trandId" is unique in the same incomeType for a user, Income history only contains data for the last three months. GET /futures/data/topLongShortAccountRatio, GET /futures/data/topLongShortPositionRatio, GET /futures/data/globalLongShortAccountRatio, The BLVT NAV system is based on Binance Futures, so the endpoint is based on fapi, Weight: 1 for a single symbol; 10 when the symbol parameter is omitted, There are two connection methods for Websocket, Combined stream events are wrapped as follows: {"stream":"","data":}, A single connection is only valid for 24 hours; expect to be disconnected at the 24 hour mark. Which industries has this organization most actively invested in? "params": If the value of your collateral falls below the maintenance margin, your futures account may be subject to liquidation. Her writing has been featured on BloomTech, Hedgehog, DZone and so on. It is not under any circumstances investment advice. This fund was announced on Oct 13, 2021 and raised a total of $1B. Twitter is a social networking platform that allows its users to send and read micro-blogs of up to 280-characters known as tweets. Once the average premium is calculated, it is weighted by a Funding Rate Multiplier, a coefficient set to the value of "24.". If user gets liquidated due to insufficient margin balance: If user has enough margin balance but gets ADL: When the account configuration is changed, the event type will be pushed as ACCOUNT_CONFIG_UPDATE, When the leverage of a trade pair changes, the payload will contain the object ac to represent the account configuration of the trade pair, where s represents the specific trade pair and l represents the leverage, When the user Multi-Assets margin mode changes the payload will contain the object ai representing the user account configuration, where j represents the user Multi-Assets margin mode. Different crypto derivative exchanges have different ways of calculating funding rates. This trading strategy allows you to profit from the difference in a cryptos perp and spot prices. The following data can be sent through the websocket instance in order to subscribe/unsubscribe from streams. A Division of NBCUniversal. Yield farming uses defi protocols to gain a return or revenue from a digital asset or position. ", // unrealized profit of crossed positions, // total initial margin required with current mark price (useless with isolated positions), only for USDT asset, // total maintenance margin required, only for USDT asset, // total wallet balance, only for USDT asset, // total unrealized profit, only for USDT asset, // total margin balance, only for USDT asset, // initial margin required for positions with current mark price, only for USDT asset, // initial margin required for open orders with current mark price, only for USDT asset, // crossed wallet balance, only for USDT asset, // unrealized profit of crossed positions, only for USDT asset, // available balance, only for USDT asset, // maximum amount for transfer out, only for USDT asset, // total initial margin required with current mark price, //initial margin required for positions with current mark price, // initial margin required for open orders with current mark price, // positions of all symbols in the market are returned, // only "BOTH" positions will be returned with One-way mode, // only "LONG" and "SHORT" positions will be returned with Hedge mode, // initial margin required with current mark price, // initial margin required for positions with current mark price, // maximum available notional with current leverage, // the sum of USD value of all cross positions/open order initial margin, // the sum of USD value of all cross positions maintenance margin, // the sum of USD value of all cross positions initial margin, // initial margin required for open orders with current mark price in USD, // unrealized profit of crossed positions in USD, // maximum virtual amount for transfer out in USD. Kristin N. Johnson, commissioner at the CFTC, said that the regulator has been in conversations with Binance to address its concerns about the company's conduct. Also, assuming that the BTC funding rate is paid every 8 hours and stays 0.06% for 24 hours, you stand to earn (excluding exchange and leverage fees): Other than earning the $39.60 funding fee daily, youll also make a profit when the BTC spot and perp prices converge. In this case, longs will pay funding fees to shorts, thus incentivizing opposing positions and pulling the perps price closer to the spot rate. All the content I produce is free, if youd like to help please share this content on social media. She said the regulator hopes to find a path forward in the legal battle with crypto exchange Binance however, at this stage, there is no "immediate path forward.". In other terms, counterparty liquidation is the final step taken when the Insurance Fund cannot cover all bankrupt positions. This means Binance does not take any fees from users paying or receiving the funding rates. Since MARKET orders have no price, the mark price is used. "method": "LIST_SUBSCRIPTIONS", Simply put, the Insurance Fund is what prevents the balance of losing traders to drop below zero, while also ensuring that winning traders get their profits. Note Update 8th May 2021 The funding rates have already dropped back with the highest rate currently on sushi-usdt at 0.0653% / 8hrs. Get trades for a specific account and symbol. To enroll, kindly refer to: How to Enroll into the Binance Portfolio Margin Program. Like most of its peers, the funding rate is calculated and paid out every 8 hours. Default "CONTRACT_PRICE", "TRUE" or "FALSE", default "FALSE". Lipsa is a developer turned writer with a knack for making crypto simple. Binance USD is +0.04% in the last 24 hours. Lets say you buy a BTC futures contract today at $20,000 and settle it on a future date when the BTC spot rate has risen to $22,000. Learn more about crypto funding rates with our article:Crypto funding rates: How it works and how to earn passive income. dYdX offers fee discounts of up to 50% to traders who hold the platforms native NFT assets called Hedgies. Send status unknown; execution status unknown. There is still the risk of having funds on a centralised exchange and the risk of getting hacked etc. ", "As of the moment, we can conclude that there is not an immediate path forward," she added. To get your API key, you need to upload your RSA Public Key to your account and a corresponding API key will be provided for you. The funding fee will need to be paid for as long as your short position remains open. Conversely, if the perpetual contract trading price is lower than the spot price, short position holders pay long position holders. Sign up for free newsletters and get more CNBC delivered to your inbox. maxWithdrawAmount is for asset transfer out to the spot wallet. }. Binance Binance funding fees are organized in a tiered structure, with trading fees ranging from 0.04% to 0%, depending on 30 day-trading volumes and BNB balance. The interest rate may change from one exchange to another, and the premium varies according to the price difference between futures and spot markets. Still, the biggest difference between the traditional futures and perpetual contracts is the settlement date of the former. Since the funding rate is negative, you open a long position with $10,000 margin. On OKX, your trading fee may vary from 0.05% to -0.010% depending on your total OKB token holdings, 30-day trading volume, total assets balance, and user level. No matter when the contract is settled, its price remains the same as that cryptos spot rate on the date of opening the contract. Best price/qty on the order book for a symbol or symbols. Filters define trading rules on a symbol or an exchange. Enter the code " 10indirim " when opening your Futures account and you will get a 10% fee discount for futures trading. The platform calculates a positions margin requirement using the following formula: Position Margin = Face Value x Position Amount x Last Price / Leverage. Binance was not immediately available when contacted by CNBC. "5m","15m","30m","1h","2h","4h","6h","12h","1d", {"code": 1, "msg": "Invalid value type: expected Boolean"}, {"code": 2, "msg": "Invalid request: property name must be a string"}, {"code": 2, "msg": "Invalid request: request ID must be an unsigned integer"}, {"code": 2, "msg": "Invalid request: unknown variant %s, expected one of, Possible typo in the provided method or provided method was neither of the expected values, {"code": 2, "msg": "Invalid request: too many parameters"}, Unnecessary parameters provided in the data, {"code": 2, "msg": "Invalid request: missing field, {"code":3,"msg":"Invalid JSON: expected value at line %s column %s"}, "true": Hedge Mode; "false": One-way Mode, "true": Multi-Assets Mode; "false": Single-Asset Mode, "true" or "false". git clone https://github.com/Binance-docs/Binance_Futures_Java.git. Networks can be unstable and unreliable, If the queried order has been filled or cancelled, the error message "Order does not exist" will be returned. Crypto perp traders who are short have to pay the funding rate to traders who are long. Bybit has the highest funding rates at 0.121%, followed by Binance at 0.107% and Deribit at 0.098%. or fiat currencies Fee Rate / Funding Rate (%) Trading Fee / Funding Trading fee in cryptocurrencies or fiat currencies An unexpected response was received from the message bus. Coinbase suggested the regulator should be forced to clarify whether it would allow the crypto industry to be regulated under existing securities laws. Most other top 10 non-stablecoin cryptocurrencies traded lower, though Binance's BNB gained after the world's biggest crypto exchange added the Sui blockchain to its Launchpool. The maximum leverage decreases with increasing position value. The margin requirements may go up to 50% and 25%, respectively, for position sizes exceeding $30 million. A few people have pointed out that quarterly futures provide a more sustainable fixed rate of return compared to perps and its an easier trade to manage. The funding rate is positive if the perps price is higher than the spot rate. Generally, they are calculated based on the premium and interest components of each trading pair. Please refer to. Please note these margin increments may vary from trading pair to trading pair. Create Futures Grid Strategies to Share Up to 50,000 USDT in Rewards & VIP+1 Upgrade Vouchers! Stream Name: This message is only used as risk guidance information and is not recommended for investment strategies. A crypto perpetual contract, also called a perp, perpetual swap, or just perpetual, works quite like a futures contract but doesnt have an expiry date. The maintenance margin is a dynamic value that changes according to market price and to your account balance (collateral).
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