Binance: Will enable the latest price protection for BULLAUSDT perpetual contracts

Binance announced that due to abnormal situations such as restricted deposits and withdrawals and price deviations in the spot markets of multiple exchanges, it will enable the latest price protection (LPP) mechanism for the BULLAUSDT U-margined perpetual contract at 14:00 (UTC+8).

During the protection period, the mark price will be calculated based on the average transaction price over the past 10 seconds, with a fluctuation limit of ±1% per second; the upper and lower limits of the funding rate will be adjusted from ±2% to ±0.005%.