Dear User:
Binance will launch POWR 1-50x U-margined Perpetual Contracts at 10:30 AM (ET) on October 27, 2023.
More information about the POWR U-margined Perpetual Contract is shown in the table below:
Notice:
When POWRUSDT perpetual contract is launched, the upper and lower limits of its funding rate are +2.00% / -2.00%;
Funding fees are settled every four hours;
Based on market risk conditions, Binance may adjust contract parameters, including funding rate, minimum price change, maximum leverage, initial margin, maintenance margin and other important parameters;
The multi-asset mode supports POWRUSDT perpetual contracts. The multi-asset mode supports assets other than USDT as POWRUSDT perpetual contract margin (including valuation discount). For example: users can use BTC as margin to trade POWRUSDT perpetual contracts;
POWRUSDT perpetual contracts 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
October 26, 2023
