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