SteveRc14

Binance said it will convert AZTECUSDT pre-market perpetual futures into a standard USDⓈ-margined AZTECUSDT perpetual contract on Feb. 12, according to an exchange notice.The transition will begin at 07:00 UTC and may take up to three hours, depending on market volatility and the availability of a stable index price. Binance said trading will continue uninterrupted during the process, with open orders and positions remaining intact.Mark price transition detailsDuring the conversion period, the mark price will gradually converge from the pre-market calculation to the standard perpetual futures formula:Mark Price = Median (Price 1, Price 2, Contract Price)To limit excessive volatility, Binance will apply a ±1% per-second price cap on mark price changes throughout the pre-market phase and the transition period.Once pre-market trading fully ends, the standard mark price formula will apply immediately, based on Binance’s established USDⓈ-M futures index methodology.Funding rate normalizationAfter the transition, the premium index will become available and funding rates will shift to standard perpetual futures rules. Under this framework, funding rates may fluctuate between +2.00% and -2.00%, in line with other USDⓈ-margined perpetual contracts on Binance Futures.Binance noted that availability of products and services may vary by region, in accordance with local regulations.