Binance Futures has announced the launch of the $SLP Perpetual Contract, scheduled for 10-31-2023 at 14:30 UTC, with 50x Leverage Capability.

Binance Futures has announced the launch of the USDⓈ-M SLP Perpetual Contract, scheduled for 2023-10-31 at 14:30 UTC, with a maximum leverage of up to 50x.

The primary features of the USDⓈ-M SLP Perpetual Contract are summarized below:

- Underlying Asset: SLP
- Settlement Asset: USDT
- Launch Time: 2023-10-31 at 14:30 (UTC)
- Tick Size: 0.000001
- Trading Hours: 24/7
- Support for Multi-Assets Mode.
- Capped Funding Rate: +2.00% / -2.00%, with funding fee settlements taking place every four hours. 
- Maximum Funding Rate at launch: +2.00% / -2.00%.

Please note that the aforementioned funding fee and capped rate will apply at the following times:

- 2023-10-31 at 16:00 (UTC)
- 2023-10-31 at 20:00 (UTC)
- 2023-11-01 at 00:00 (UTC)
- 2023-11-01 at 04:00 (UTC)

Binance reserves the right to modify these specifications due to market risk conditions. This could potentially touch upon the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

The platform's Multi-Assets Mode allows traders to use multiple margin assets when trading the SLPUSDT Perpetual Contract, subject to applicable haircuts. As an instance, users could utilize BTC as margin when trading the SLPUSDT Perpetual Contract under Multi-Assets Mode.