Dear User:
Binance will launch ORDI 1-50x U-margined perpetual contracts at 20:30 on November 7, 2023 (ET8).
More information about the ORDI U-margined perpetual contract is shown in the table below:
Notice:
When ORDIUSDT perpetual contract is launched, the upper and lower limits of its funding rate are +2.00% / -2.00%;
Funding fees are settled every four hours;
Based on market risk conditions, Binance may adjust contract parameters, including funding rate, minimum price change, maximum leverage, initial margin, maintenance margin and other important parameters;
The multi-asset model supports ORDIUSDT perpetual contracts. The multi-asset model supports assets other than USDT as margin for ORDIUSDT perpetual contracts (including valuation discounts). For example, users can use BTC as margin to trade ORDIUSDT perpetual contracts;
ORDIUSDT perpetual contracts will be subject to the Binance Terms of Use and Binance Futures Service Agreement;
In the event of any discrepancy between the translation of this announcement and the English original, the English version shall prevail.
illustrate:
U-standard contract trading rules
Leverage and Margin for U-margin Contracts
How to switch contract trading pairs
Binance Futures Trading Fee Schedule
Mark Price vs Index Price
Funding Rate History
Multi-asset model
Thank you for your support!
Binance Team
November 07, 2023
