Dear user:

Binance will launch the UMA 1-20 times U-based perpetual contract at 20:30 on May 10, 2023 (Eastern Eighth District time).

More information about the UMAUSDT perpetual contract is shown in the table below:

U-based perpetual contract

UMAUSDT

time online

May 10, 2023 20:30 (East Eighth District time)

underlying asset

ONE

settlement assets

USDT

Minimum price change

0.001

Funding rate cap

clamp (funding rate, -0.75*maintenance margin rate, 0.75*maintenance margin rate)

Maximum leverage

20x

transaction hour

24/7

Multi-asset model

support

Notice:

  • Based on market risk conditions, Binance may adjust contract parameters, including adjusting minimum price changes, maximum leverage, initial margin, maintenance margin and other important parameters.

  • The multi-asset mode supports UMAUSDT perpetual contracts. The multi-asset mode supports assets other than USDT as margin for UMAUSDT perpetual contracts (including valuation discounts). For example, users can use BTC as margin to trade UMAUSDT perpetual contracts.

  • UMAUSDT 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

May 09, 2023