Dear User:

Binance will launch 1000PEPE 1-20x U-based perpetual contracts at 00:30 on May 6, 2023 (GMT+8).

More information about the 1000PEPEUSDT perpetual contract is shown in the following table:

U-margin perpetual contract

1000 PEPEUSD

time online

00:30, May 6, 2023 (GMT+8)

Underlying Assets

1000PEPE

Settlement assets

USDT

Minimum price change

0.0000001

Funding Rate Cap

clamp (funding rate, -0.75*maintenance margin rate, 0.75*maintenance margin rate)

Maximum leverage

20x

transaction hour

24/7

Multi-asset model

support

Notice:

  • Based on market risk conditions, Binance may adjust contract parameters, including minimum price change, maximum leverage, initial margin, maintenance margin and other important parameters.

  • The multi-asset mode supports 1000PEPEUSDT perpetual contracts. The multi-asset mode supports assets other than USDT as margin for 1000PEPEUSDT perpetual contracts (including valuation discounts). For example, users can use BTC as margin to trade 1000PEPEUSDT perpetual contracts.

  • The 1000PEPEUSDT perpetual contract 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

May 05, 2023