Binance Futures to launch ETHUSD1 perpetual contract with up to 100x leverage on July 3
The new USDⓈ-M contract will track ETH, settle in USD1 and support Multi-Assets Mode, with funding fees exchanged every eight hours after its 09:00 UTC debut.
Binance Futures said it will launch the ETHUSD1 perpetual contract on July 3 at 09:00 UTC, adding a new USDⓈ-M derivative tied to ETH with settlement in USD1, or World Liberty Financial USD. The contract will support up to 100x leverage, use a tick size of 0.01, require a minimum trade amount of 0.001 ETH and a minimum notional value of 5 USD1. Binance set the capped funding rate at +0.375% and -0.375%, with funding fees settling every eight hours. Multi-Assets Mode will be supported, allowing eligible users to use other assets such as BTC as margin subject to applicable haircuts. Binance said the contract will become available for Futures Copy Trading within 24 hours of launch and that specifications such as funding fees, tick size, leverage and margin requirements may be adjusted over time based on market risk conditions. The exchange also reiterated that futures listings do not imply spot listings.
- USDⓈ-M derivative: A futures product margined and settled in a designated quote asset rather than in the underlying token itself.
- funding rate: A recurring payment mechanism in perpetual futures designed to keep contract prices close to the underlying market.
- Multi-Assets Mode: A futures setting that lets traders use multiple supported assets as margin, subject to platform haircuts.