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BTC-Margined Futures Contract Specifications

BTC-Margined Futures Contract Specifications

2023-04-25 06:54
BTC-Margined Futures contracts on Binance Futures are linear futures products quoted and settled in BTC. They allow users to directly track the price movement of specific cryptocurrencies relative to BTC, offering a more straightforward calculation of returns.

BTC-Margined Futures contracts’ characteristics

  • Settlement in BTC: Contracts are denominated and settled in BTC.
  • Expiration: Perpetual.
  • Contract unit: Each BTC-Margined Futures contract specifies the base asset's quantity delivered for a single contract, similar to the spot market. For example, BNBBTC, ETHBTC, and BCHBTC Futures contracts represent only one unit of their base assets.
  • Funding fee: BTC-Margined Perpetual contracts carry a funding fee. Funding payments are transferred between traders and are charged every eight hours.
  • Symbols: BTC-Margined contracts symbols represent both the base and the quote assets. The base asset is the cryptocurrency you are trading, while the quote asset is the currency you use as a reference for pricing.
    • For example, the trading pair "ETHBTC" represents a BTC-Margined (BTC-M) Futures contract for Ethereum (ETH), where:
    • Base asset: ETH (Ethereum)
    • Quote asset: BTC (Bitcoin)
    • Symbol: ETHBTC
  • Minimum order notional limit rule: The minimum notional value of each order must be higher than the threshold of 0.001 BTC. The order will be rejected if the order notional value is lower than the threshold.

How to find the BTC-Margined Futures contracts?

To view BTC-Margined Futures contracts, go to the Futures trading interface and hover over the trading pair symbol. You can view a list of BTC-Margined contracts under [USDⓈ-M].
You may search for the contract symbol by the base and quote asset symbols too.
Note:
  • “Reduce-Only” orders are not affected.
  • Binance Futures will adjust the minimum order threshold from time to time without prior notice. Please check the latest minimum order threshold via API.
For complete BTC-M Futures contract specifications, please refer to the following: