Binance Sets SAMSUNGUSDT Dividend Adjustment at 1,001 Won Per Share

Binance set the dividend adjustment for its SAMSUNGUSDT perpetual contract at 1,001 South Korean won per share, determining the amount credited to or deducted from traders with eligible positions.

The exchange scheduled settlement to begin at 1 a.m. ET Nov. 6 (06:00 UTC), with the process expected to take about 30 minutes. Binance listed the adjustment as equivalent to -0.037336%.

Eligibility is based on net positions held at 7 p.m. ET Sept. 28 (23:00 UTC), the contract's ex-dividend time. The amount will be credited to or deducted from eligible traders' Binance Futures cross-margin accounts.

Binance had previously set a 4,500-won estimate for the contract's dividend adjustment, with the final dividend amount pending at that time.

The contract's funding interval was set to remain unchanged during settlement, and Binance did not plan to place it in reduce-only mode beforehand. Eligible traders can check their adjustment in Transaction History under “Special Funding Fee.”