$FUN USDT Funding Update: What Just Happened? 🚨

Binance Futures just increased funding settlements on the FUN/USDT perpetual from every 4h → 2h, keeping the cap at ±2% per interval.

Sounds minor? Think again! 👀 At max rate, daily charges can hit 24%, double the previous amount (2% × 12 intervals instead of 6). Traders caught unaware saw sudden losses—hence the panic and calls of "#scam."

Quick Explainer 🧠

Why faster? Binance aims to stabilize price and reduce market imbalance faster amid FUN’s volatility.

Who gets the fees? Traders pay traders - Binance only earns trade fees, not funding.

Main risk? Short-interval compounding hits positions hard if you're not tracking funding closely.

Stay alert, track your funding, and remember: volatility demands vigilance.

#BinanceFutures #FUN #FundingRates #CryptoNews