Binance Futures will launch USDⓈ-M MAGIC perpetual contracts on 2023-01-25 03:00 (UTC) with up to 20x leverage.
More details on MAGICUSDT Perpetual Contracts can be found in the table below:
USDⓈ-M Perpetual Contracts
2023-01-25 03:00 (UTC)
Capped Funding Rate
Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
- 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 MAGICUSDT 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 MAGICUSDT Perpetual Contracts.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
- 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
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.