Binance Will Activate Latest Price Protection for the BULLAUSDT Perpetual Futures Contract

According to TechFlow, on Oct 28, Binance announced that due to abnormal conditions such as deposit and withdrawal restrictions and price deviations in spot markets across multiple exchanges, it will activate the Latest Price Protection (LPP) mechanism for the BULLAUSDT USDT-margined perpetual futures contract at 14:00 (UTC+8) on Oct 28. During the protection period, the mark price will be calculated based on the average trade price over the past 10 seconds, with the per-second change limited to ±1%; the funding rate upper and lower limits will be adjusted from ±2% to ±0.005%. Once BULLA prices across multiple exchanges converge and the index price stabilizes, the contract will gradually restore the standard mark price calculation and funding rate rules.

Source: TechFlow