Binance Futures to Change MAGICUSDT Contract Funding Rate Settlement from 8 Hours to 4 Hours

COINOTAG News reported on April 22 that Binance Futures is set to enhance its operational efficiency by adjusting the settlement frequency for the MAGICUSDT U linear perpetual contract. Effective April 22, 2025, at 00:45 (GMT+8), the funding rate’s settlement interval will be modified from the current eight-hour period to a more frequent four-hour cycle. This modification aims to improve liquidity and provide traders with more timely updates on their funding rates, a crucial aspect for those engaged in leveraged trading. By shortening the funding rate settlement period, Binance Futures continues to adapt to the evolving demands of the cryptocurrency market, ensuring that its platform remains competitive for institutional and retail investors alike. Such adjustments not only enhance trading efficiency but also reflect Binance’s commitment to maintaining a robust trading environment.