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Binance Futures Will Launch USDⓈ-M BIGTIME Perpetual Contract With Up to 20x Leverage
Binance Futures Will Launch USDⓈ-M BIGTIME Perpetual Contract With Up to 20x Leverage
2023-10-12 14:17
Fellow Binancians,

Binance Futures will launch the USDⓈ-M BIGTIME Perpetual Contract at 2023-10-12 14:30 (UTC), with up to 20x leverage.

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

USDⓈ-M Perpetual Contract

BIGTIMEUSDT

Launch Time

2023-10-12 14:30 (UTC)

Underlying Asset

BIGTIME

Settlement Asset

USDT

Tick Size

0.0001

Capped Funding Rate

+3.00% / -3.00%

Funding Fee Settlement Frequency

Every Four Hours

Maximum Leverage

20x

Trading Hours

24/7

Multi-Assets Mode

Supported

Please Note:

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

The funding fee settlement frequency is every four hours.

Time

Max Funding Rate

2023-10-12 16:00 (UTC)

+3.00% / -3.00%

2023-10-12 20:00 (UTC)

+3.00% / -3.00%

2023-10-13 00:00 (UTC)

+3.00% / -3.00%

2023-10-13 04:00 (UTC)

+3.00% / -3.00%

…

…

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

The BIGTIMEUSDT 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.

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