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Binance Futures Will Launch USDⓈ-M PHB Perpetual Contracts with Up to 20x Leverage

Fellow Binancians,
Binance Futures will launch PHBBUSD perpetual contracts with up to 20x leverage on 2022-09-16 at 02:30 (UTC).
More details on PHBBUSD Perpetual Contracts can be found in the table below:

USDⓈ-M Perpetual Contracts PHBBUSD
Launch Time 2022-09-16 02:30 (UTC)
Underlying Asset PHB
Settlement Asset BUSD
Tick Size 0.0001
Capped Funding Rate Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Max Leverage 20x
Trading Hours 24/7
Multi-Asset Mode Supported

Please note:

  • Based on market risk conditions, Binance may adjust the specifications of the contracts from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
  • Multi-Asset Mode allows users to trade PHBBUSD Perpetual Contracts across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Asset Mode is activated, users can use USDT as margin when trading PHBBUSD Perpetual Contracts.
  • PHBBUSD Perpetual Contracts are subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.
  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Further information:

  • Trading Rules of USDⓈ-M Futures Contracts
  • Leverage and Margin of USDⓈ-M Futures Contracts
  • Binance Futures Fee Schedule
  • How to Select Trading Pairs
  • Funding Rate History
  • Price Index
  • Multi-Asset Mode

   

Source

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