Binance has announced a new addition to its futures marketplace. As of 12:30 UTC on November 7, 2023, Binance Futures will launch a USDⓈ-M ORDI perpetual contract with a leverage limit of up to 50x.
The perpetual contract details are as follows:
- The underlying asset: ORDI
- Settlement Asset: USDT
- Tick Size: 0.001
- Capped Funding Rate: +2.00% / -2.00%
- Funding Fee Settlement Frequency: Every Four Hours
- Maximum Leverage: 50x
- Trading Hours: 24/7
- Multi-Assets Mode: Supported
At the time of launch, the maximum funding rate for the ORDIUSDT perpetual contract is capped at +2.00% / -2.00%, with settlement occurring every four hours.
In response to market risk conditions, Binance retains the right to modify the specifications of the ORDIUSDT perpetual contract periodically. These changes may include funding fees, tick size, maximum leverage, initial margin, or maintenance margin requirements
