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Binance Futures Will Delist and Update the Leverage & Margin Tiers of USDⓈ-M IDEXUSDT, SLPUSDT, GLMRUSDT, MDTUSDT and AUDIOUSDT Perpetual Contracts
Fellow Binancians,
Binance Futures will close all positions and conduct an automatic settlement on the USDⓈ-M IDEXUSDT, SLPUSDT and GLMRUSDT USDⓈ-M perpetual contracts at 2024-05-15 09:00 (UTC), and MDTUSDT and AUDIOUSDT USDⓈ-M perpetual contracts at 2024-05-16 09:00 (UTC). The contracts will be delisted after the settlement is complete.
In addition, Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M IDEXUSDT, SLPUSDT, MDTUSDT and AUDIOUSDT perpetual contracts at 2024-05-08 10:30 (UTC), as per the tables below. Existing positions opened before the update will be affected. It is strongly advised to adjust the position and leverage prior to the adjustment in order to avoid any potential liquidation.
Updates to Leverage & Margin Tiers:
USDⓈ-M IDEXUSDT, MDTUSDT Perpetual Contracts
Previous Leverage and Margin Tiers | New Leverage and Margin Tiers | ||||
Leverage Before Change | Position Before Change (Notional Value in USDT) | Maintenance Margin Rate Before Change | Leverage After Change | Position After Change (Notional Value in USDT) | Maintenance Margin Rate After Change |
16 - 20x | 0 < Position ≤ 5,000 | 2.00% | 16 - 20x | 0 < Position ≤ 5,000 | 2.00% |
11 - 15x | 5,000 < Position ≤ 25,000 | 2.50% | 11 - 15x | 5,000 < Position ≤ 25,000 | 2.50% |
6 - 10x | 25,000 < Position ≤ 200,000 | 5.00% | 6 - 10x | 25,000 < Position ≤ 200,000 | 5.00% |
5x | 200,000 < Position ≤ 500,000 | 10.00% | 5x | 200,000 < Position ≤ 500,000 | 10.00% |
3 - 4x | 500,000 < Position ≤ 1,000,000 | 12.50% | 3 - 4x | 500,000 < Position ≤ 1,000,000 | 12.50% |
2x | 1,000,000 < Position ≤ 3,000,000 | 25.00% | 2x | 1,000,000 < Position ≤ 3,000,000 | 25.00% |
1x | 3,000,000 < Position ≤ 5,000,000 | 50.00% | 1x | 3,000,000 < Position ≤ 3,500,000 | 50.00% |
USDⓈ-M SLPUSDT Perpetual Contract
Previous Leverage and Margin Tiers | New Leverage and Margin Tiers | ||||
Leverage Before Change | Position Before Change (Notional Value in USDT) | Maintenance Margin Rate Before Change | Leverage After Change | Position After Change (Notional Value in USDT) | Maintenance Margin Rate After Change |
21 - 50x | 0 < Position ≤ 5,000 | 1.50% | 21x | 0 < Position ≤ 5,000 | 1.50% |
11 - 20x | 5,000 < Position ≤ 25,000 | 2.50% | 11 - 20x | 5,000 < Position ≤ 25,000 | 2.50% |
6 - 10x | 25,000 < Position ≤ 100,000 | 5.00% | 6 - 10x | 25,000 < Position ≤ 100,000 | 5.00% |
5x | 100,000 < Position ≤ 200,000 | 10.00% | 5x | 100,000 < Position ≤ 200,000 | 10.00% |
3 - 4x | 200,000 < Position ≤ 500,000 | 12.50% | 3 - 4x | 200,000 < Position ≤ 500,000 | 12.50% |
2x | 500,000 < Position ≤ 1,000,000 | 25.00% | 2x | 500,000 < Position ≤ 1,000,000 | 25.00% |
1x | 1,000,000 < Position ≤ 2,000,000 | 50.00% | 1x | 1,000,000 < Position ≤ 1,500,000 | 50.00% |
USDⓈ-M AUDIOUSDT Perpetual Contract
Previous Leverage and Margin Tiers | New Leverage and Margin Tiers | ||||
Leverage Before Change | Position Before Change (Notional Value in USDT) | Maintenance Margin Rate Before Change | Leverage After Change | Position After Change (Notional Value in USDT) | Maintenance Margin Rate After Change |
11 - 20x | 0 < Position ≤ 5,000 | 2.00% | 11 - 20x | 0 < Position ≤ 5,000 | 2.00% |
9 - 10x | 5,000 < Position ≤ 25,000 | 2.50% | 9 - 10x | 5,000 < Position ≤ 25,000 | 2.50% |
6 - 8x | 25,000 < Position ≤ 100,000 | 5.00% | 6 - 8x | 25,000 < Position ≤ 100,000 | 5.00% |
3 - 5x | 100,000 < Position ≤ 250,000 | 10.00% | 3 - 5x | 100,000 < Position ≤ 250,000 | 10.00% |
2x | 250,000 < Position ≤ 1,000,000 | 12.50% | 2x | 250,000 < Position ≤ 1,000,000 | 12.50% |
1x | 1,000,000 < Position ≤ 3,000,000 | 50.00% | 1x | 1,000,000 < Position ≤ 1,500,000 | 50.00% |
Please Note:
Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.
Users are not allowed to open new positions for the aforementioned contracts starting from the following dates:
2024-05-15 08:30 (UTC): IDEXUSDT, SLPUSDT and GLMRUSDT USDⓈ-M perpetual contracts
2024-05-16 08:30 (UTC): MDTUSDT and AUDIOUSDT USDⓈ-M perpetual contracts
In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the aforementioned contracts without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
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.
For More Information:
Delisting of Futures Contracts
Trading Rules of USDⓈ-M Futures Contracts
Leverage and Margin of USDⓈ-M Futures Contracts
Mark Price and Price Index
Thank you for your support!
Binance Team
2024-05-08
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