Binance Futures Will Launch USDⓈ-M 1000BONK and PYTH Perpetual Contracts With Up to 50x Leverage

Fellow Binancians,

Binance Futures will launch the USDⓈ-M 1000BONK and PYTH Perpetual Contracts at 2023-11-22 14:00 (UTC) and 2023-11-22 14:30 (UTC) respectively, with up to 50x leverage. 

More details on the USDⓈ-M 1000BONK and PYTH Perpetual Contracts can be found in the table below:  

Please note: 

• The maximum funding rate of the 1000BONKUSDT and PYTHUSDT Perpetual Contracts at the time of launch is 2.00% / -2.00%.

• The funding fee settlement frequency is every four hours.

• Based on market risk conditions, Binance may adjust the specifications of the 1000BONKUSDT and PYTHUSDT Perpetual Contracts 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 1000BONKUSDT and PYTHUSDT Perpetual Contracts 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 1000BONKUSDT and PYTHUSDT Perpetual Contracts. 

• The 1000BONKUSDT and PYTHUSDT Perpetual Contracts are subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.

• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Further Information:

• Trading Rules of USDⓈ-M Futures Contracts

• Leverage and Margin of USDⓈ-M Futures Contracts

• Binance Futures Fee Structure

• How to Select Trading Pairs

• Funding Rate History

• Mark Price and Price Index

• Multi-Assets Mode

Thanks for your support!

Binance Team

2023-11-22