Binance Adjusts US Stock Perp Funding After Blue Ocean's Overnight Trading Halt

Binance Adjusts US Stock Perp Funding After Blue Ocean's Overnight Trading Halt

Binance left nearly three hours of price data out of funding payments on its US stock perpetual futures after a connectivity problem hit an American overnight trading venue. In a post on Binance Square at 07:21 UTC on Wednesday, the exchange’s official news account said Binance would exclude the premium index for the affected period only from the 08:00 UTC funding rate calculation on Oct. 21, for TradFi Perps tied to any US equity.

Binance moves to exclude disrupted overnight data from stock-futures funding

The October 21 notice targets inputs to payments between opposing traders, but gives no resulting rates or payment amounts. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Blue Ocean Outage: Binance Pauses Stock-Perp Funding

Key Facts Blue Ocean, a US alternative trading system that runs overnight US equity sessions, suffered a system failure at around noon Korean time on 21 October. The outage froze or delayed real-time US stock quotes in the trading apps of many South Korean brokerages. Ahead of its 08:00 UTC settlement, Binance said it would leave the affected window out of funding calculations for US stock perpetuals. Bybit's SOXL perpetual funding rate swung fr…

Binance excludes 3 hours of US stock data from perpetual fut

🔴 Binance leaves out 3 hours of US stock data from funding for its perpetual futures. 🟠 The outage resulted from a network problem at Blue Ocean, a key US trading venue. 📉 Most tokenized stock trading occurs outside US market hours, boosting $BTC activity. Continue Reading:Bi...

Binance cuts nearly three hours of Blue Ocean data from US stock perp funding

Binance's exclusion of faulty data highlights the risks of relying on third-party systems, emphasizing the need for robust risk management strategies.

Binance Announces Outage Data Exclusion for U.S. Equity Perpetuals

The affected window ran from 11:46 p.m. ET Oct. 20 to 2:30 a.m. ET Oct. 21 during intermittent connectivity problems at a U.S. overnight trading venue.