Updates on Mark Price Calculation for USDⓈ-M and COIN-M Futures Contracts (2024-04-03)

2024-03-27 13:00:00BinanceShare to:

Fellow Binancians,
Binance Futures will update mark price
calculation for the USDⓈ-M and COIN-M Perpetual and Delivery futures contracts
at2024-04-03 06:00 (UTC). With this update, mark price will be calculated and
refreshed based on data points over a2.5-minute period. Details are shown in
the table below.
Contract Type
Before the Change
After the Change
USDⓈ-M and COIN-M Perpetual Contracts
Mark price = Median (Price 1, Price 2, Contract Price)
Price 2 = Price Index + Moving Average (5-Minute Basis) *
*The Moving Average (5-Minute Basis) is calculated as the average of 60 data
points over a 5-minute period. The data point is calculated every 5 seconds by
taking the average of the bid and ask prices and then subtracting the Price
Index.
Mark price = Median (Price 1, Price 2, Contract Price)
Price 2 = Price Index + Moving Average (2.5-Minute Basis) *
*The Moving Average (2.5-Minute Basis) is calculated as the average of 30 data
points over a 2.5-minute period. The data point is calculated every 5 seconds
by taking the average of the bid and ask prices and then subtracting the Price
Index.
USDⓈ-M Delivery Contracts
Mark Price = Price Index + Moving Average (5-Minute Basis) *
*Moving Average (5-Minute Basis) = Moving Average ((Bid1 + Ask1) / 2 - Price
Index), calculated each minute in a 5-minute interval.
Mark Price = Price Index + Moving Average (2.5-Minute Basis) *
*Moving Average (2.5-Minute Basis) = Moving Average ((Bid1 + Ask1) / 2 - Price
Index), calculated each minute in a 2.5-minute interval.
COIN-M Delivery Contracts
Mark Price = Price Index + Moving Average (15-Minute Basis) *
*Moving Average (15-Minute Basis) = Moving Average ((Bid1 + Ask1) / 2 - Price
Index), calculated each minute in a 15-minute interval.
Notes:
*
COIN-M Delivery Contract mark price will be updated to 2.5-minute basis from
the previous15-minute basis.
*
There may be discrepancies in the translated version of this original article
in English. Please reference this original version for the latest or most
accurate information where any discrepancies may arise.
Guides & Related Materials
*
What Are Mark Price and Price Index in USDⓈ-Margined Futures
*
Mark Price and Price Index of COIN-Margined Contracts
Thank you for your support!
Binance Team
2024-03-27
Note: This announcement was updated on 2024-03-27 to clarify mark price
calculation for USDⓈ-M and COIN-M Delivery Contracts.
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