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Binance Futures Will Launch USDⓈ-M PHB Perpetual Contracts with Up to 20x Leverage

source-logo  binance.com 15 September 2022 05:04, UTC
Fellow Binancians,
Binance Futures will launch PHBBUSD perpetual contracts with up to 20x leverage on 2022-09-16 at 02:30 (UTC).
More details on PHBBUSD Perpetual Contracts can be found in the table below:
USDⓈ-M Perpetual Contracts
PHBBUSD
Launch Time
2022-09-16 02:30 (UTC)
Underlying Asset
PHB
Settlement Asset
BUSD
Tick Size
0.0001
Capped Funding Rate
Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Max Leverage
20x
Trading Hours
24/7
Multi-Asset Mode
Supported
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 PHBBUSD Perpetual Contracts across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Asset Mode is activated, users can use USDT as margin when trading PHBBUSD Perpetual Contracts.
  • PHBBUSD 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
binance.com
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