This is a general announcement and the products and services mentioned here may not be available in your area.

Dear User:

To provide more Binance Futures trading options and enhance the user trading experience, Binance Futures will launch QUICKUSDT perpetual contracts at 13:00 (ET) on September 6, 2024, with a maximum leverage of 75x.

More information about QUICK USDT-margined perpetual contract is shown in the following table:

U-margin perpetual contract

QUICKUSDT

Online time

September 6, 2024 13:00 (GMT+8)

Underlying Assets

QuickSwapQUICK

Settlement assets

USDT

Minimum price change

0.00001

Funding Rate Cap

+2.00% / -2.00%

Funding Settlement Frequency

Every four hours

Maximum leverage

75x

Trading Hours

24/7

Multi-asset model

support

Please note:

  • When QUICKUSDT 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;

Time (GMT+8)

Maximum Funding Rate

September 6, 2024 16:00

+2.00% / -2.00%

September 6, 2024 20:00

+2.00% / -2.00%

September 7, 2024 00:00

+2.00% / -2.00%

September 7, 2024 04:00

+2.00% / -2.00%







  • Based on market risk conditions, Binance may adjust the above contract parameters, including funding rate, minimum price change, maximum leverage, initial margin, maintenance margin and other important parameters;

  • The multi-asset model supports the above perpetual contracts. The multi-asset model supports assets other than USDT as margin for QUICKUSDT perpetual contracts (including valuation discounts). For example: users can use BTC as margin to trade QUICKUSDT perpetual contracts;

  • The above perpetual contracts are subject to the Binance Terms of Use and Binance Futures Service Agreement;

  • There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.

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

September 06, 2024