Binance Futures has announced the introduction of its USDⓈ-M KAS perpetual contract. This launch is scheduled for November 17, 2023, at 02:00 (UTC), offering traders leverage of up to 50x.
Here are the details concerning this latest addition to Binance's trading contracts:
- Launch time: November 17, 2023, at 02:00 (UTC)
- Underlying asset: KAS
- Settlement asset: USDT
- Tick size: 0.00001
- Capped funding rate: +2.00% / -2.00%
- Funding fee settlement frequency: Every four hours
- Maximum leverage: 50x
- Trading hours: Available 24/7
- Multi-assets mode: Supported
At the time of launch, the highest funding rate for the KASUSDT Perpetual Contract is set at +2.00% / -2.00%. The funding fee will also be settled every four hours.
Binance maintains the right to adjust the KASUSDT Perpetual Contract's specifications, which may include changes to the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements, depending on the market risk conditions.
The Multi-Assets Mode will enable users to trade the KASUSDT Perpetual Contract over multiple margin assets, subject to applicable haircuts. For instance, with the Multi-Assets Mode activated, traders can utilize BTC as a margin while trading the KASUSDT Perpetual Contract.
