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      Binance Futures Will Launch USDⓈ-M ARK Perpetual Contract With Up to 10x Leverage

      Fellow Binancians,

      Binance Futures will launch the USDⓈ-M ARK perpetual contract at 2023-09-19 14:30 (UTC),with up to 10x leverage. 

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

      USDⓈ-M Perpetual Contract

      ARKUSDT

      Launch Time 

      2023-09-19 14:30 (UTC) 

      Underlying Asset

      ARK

      Settlement Asset

      USDT

      Tick Size

      0.0001

      Capped Funding Rate

      Clamp (Funding Rate, -1 * Maintenance Margin Ratio, 1 * Maintenance Margin Ratio)

      Minimum Maintenance Margin Rate

      3.00%

      Maximum Leverage

      10x

      Trading Hours

      24/7

      Multi-Assets Mode

      Supported

      Please note: 

      • The maximum funding rate of the ARKUSDT Perpetual Contract at the time of launch is 3.00% / -3.00%.

      • Based on market risk conditions, Binance may adjust the specifications of the ARKUSDT 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 ARKUSDT 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 ARKUSDT Perpetual Contract. 

      • The ARKUSDT Perpetual Contract is 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

      2023-09-19

      Read the original article at binance

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