Binance Will Launch Sleepless AI (AI) on Margin & Futures

Fellow Binancians,

Binance is excited to announce that Sleepless AI (AI) will be added to Binance Margin and Binance Futures at 2024-01-08 12:30 (UTC). 

Binance Margin

Binance Margin will add AI as a new borrowable asset on Cross and Isolated Margin, as well as the AI/USDT pair on Cross and Isolated Margin at 2024-01-08 12:30 (UTC).

Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.

Binance Futures

Binance Futures will launch the USDⓈ-M AI Perpetual Contract at 2024-01-08 12:30 (UTC),with up to 50x leverage. 

More details on the USDⓈ-M AI Perpetual Contract can be found in the table below:  

Please Note: 

• The maximum funding rate of the AIUSDT Perpetual Contract at the time of launch is 2.00% / -2.00%.

• The funding fee settlement frequency is every four hours.

• Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the AIUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.

• Based on market risk conditions, Binance may adjust the specifications of the AIUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

• Multi-Assets Mode allows users to trade the AIUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the AIUSDT Perpetual Contract. 

• The AIUSDT Perpetual Contract is subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.

• 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.

Further Information:

• How to Use Short on Margin Trading

• How to Use Long on Margin Trading

• Trading Rules of USDⓈ-M Futures Contracts

• Leverage and Margin of USDⓈ-M Futures Contracts

• Binance Futures Fee Structure

• Funding Rate History

• Mark Price and Price Index

• Multi-Assets Mode

Thank you for your support!

Binance Team

2024-01-08