Binance will enable the latest price protection for the BULLAUSDT perpetual contract.

On October 28, Binance announced it will activate the Latest Price Protection (LPP) mechanism for the BULLAUSDT USDT-M perpetual contract at 14:00 (UTC+8) on October 28 due to abnormal conditions in the spot markets of multiple exchanges, including restricted deposits and withdrawals and price deviation. During the protection period, the mark price will be calculated based on the average execution price over the past 10 seconds, with changes per second limited to ±1%; the upper and lower limits for the funding rate will be adjusted from ±2% to ±0.005%. Once the price of BULLA converges across multiple exchanges and the index price stabilizes, the contract will gradually restore standard mark price calculation and funding rate rules.