Binance Futures Will Launch USDⓈ-Margined ALPACA Perpetual Contract With up to 75x Leverage

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the ALPACAUSDT Perpetual Contract at 2024-08-22 10:30 (UTC) with up to 75x leverage. 

More details on the aforementioned perpetual contract can be found in the table below:  

USDⓈ-M Perpetual Contract

ALPACAUSDT

Launch Time

2024-08-22 10:30 (UTC)

Underlying Asset

Alpaca Finance (ALPACA)

Settlement Asset

USDT

Tick Size

0.00001

Capped Funding Rate

+2.00% / -2.00%

Funding Fee Settlement Frequency

Every Four Hours

Maximum Leverage

75x

Trading Hours

24/7

Multi-Assets Mode

Supported

Please Note: 

The maximum funding rate of the aforementioned perpetual contract at the time of launch is +2.00% / -2.00%. 

The funding fee settlement frequency is every four hours.

Time

Max Funding Rate

2024-08-22 12:00 (UTC)

+2.00% / -2.00%

2024-08-22 16:00 (UTC)

+2.00% / -2.00%

2024-08-22 20:00 (UTC)

+2.00% / -2.00%

2024-08-23 00:00 (UTC)

+2.00% / -2.00%

…

…

Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

Multi-Assets Mode allows users to trade the aforementioned ALPACAUSDT contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the aforementioned perpetual contract. 

The aforementioned perpetual contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.

There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Further Information:

Trading Rules