Binance Adjusts US Stock Perp Funding After Blue Ocean’s Overnight Trading Halt
Image: Unchained
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. The post tied the move to “intermittent network connectivity issues affecting one of the largest US overnight alternative trading systems (ATS),” which lasted from 03:46 to 06:30 UTC. Binance did not name the venue. Blue Ocean , which runs an overnight US alternative trading system, halted all trading at 11:46:41 p.m. ET on Oct.
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