binance.com
Fellow Binancians,
Binance Futures will launch USDⓈ-M SPELL perpetual contracts with up to 25x leverage on 2022-09-06 at 12:00 (UTC).
More details on SPELLUSDT Perpetual Contracts can be found in the table below:
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USDⓈ-M Perpetual Contracts
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SPELLUSDT
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Launch Time
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2022-09-06 12:00 (UTC)
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Underlying Asset
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SPELL
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Settlement Asset
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USDT
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Tick Size
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0.000001
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Capped Funding Rate
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Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
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Max Leverage
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25x
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Trading Hours
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24/7
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Multi-Asset Mode
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Supported
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Please note:
- Based on market risk conditions, Binance may adjust the specifications of the contracts from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
- Multi-Asset Mode allows users to trade SPELLUSDT Perpetual Contracts across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Asset Mode is activated, users can use BUSD as margin when trading SPELLUSDT Perpetual Contracts.
- SPELLUSDT 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 Schedule
- How to Select Trading Pairs
- Funding Rate History
- Price Index
- Multi-Asset Mode