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USDⓈ-Margined Futures Contract Specifications

2020-07-05 07:06
USDⓈ-Margined Futures contracts on Binance Futures are not inverse contracts, instead they are linear futures products that are quoted and settled in BUSD or USDT - stablecoins pegged to the value of the U.S. dollar.
One of the key benefits of USD-settled contracts is that you can easily calculate your returns in fiat. This makes USDⓈ-margined contracts more intuitive. For example, when you make 500 USDT in profit, you can easily estimate that the profit is worth approximately $500 - since the value of 1 USDT is pegged closely to 1 USD.
USDⓈ-margined contracts offer the following characteristics:
  • Settlement in USDⓈ: Contracts are denominated and settled in BUSD or USDT.
  • Expiration: Perpetual and Quarterly
  • Clear pricing rules: Each USDⓈ-margined futures contract specifies the base asset's quantity delivered for a single contract, also known as "Contract Unit". For instance, BTC/USDT, ETH/USDT, and BCH/USDT futures contracts represent only one unit of its respective base asset, similar to spot markets.
  • Funding fee: USDⓈ-M Perpetual contracts carry a funding fee. Funding payments are transferred between traders and are charged every eight hours.
Minimum order notional limit rule for USDⓈ-M futures contracts:
The minimum notional value of each order must be no less than the threshold 5 USDT. If the order notional value is less than the set threshold (5 USDT), the order will be rejected.
For example, if the user opens an order of 0.001 BTC > 5 USDT notional value, the order can be successfully placed; if the user opens an order 1 TRX < 5 USDT notional value, the order will be rejected.
  • “Reduce-Only” order is not affected.
  • Binance Futures will adjust the minimum order threshold from time to time without prior announcement, users can check via API for details.
For complete USDⓈ-M futures contract specifications, please refer to:
A screenshot of [Trading Rules] page: