Binance Futures will list AUCTION on 15-12-2023 at 16:00 with up to 50x leverage.
Binance Futures Launches USDⓈ-M AUCTION Perpetual Contract with Up to 50x Leverage
The maximum funding rate of the AUCTIONUSDT Perpetual Contract at launch is +2.00% / -2.00%.
The funding fee payment frequency is every four hours.
Qualifying USDⓢ margin futures liquidity providers will be able to benefit from 0.005% maker fee discounts for trades on the AUCTIONUSDT Perpetual Contract for approximately 14 to 15 days.
Binance may change the specifications of the AUCTIONUSDT Perpetual Contract from time to time, including funding fee, tick size, maximum leverage, initial margin or maintenance margin requirements, depending on market risk conditions.
Multi-Asset Mode allows users to buy and sell the AUCTIONUSDT Perpetual Contract across multiple collateral assets, subject to applicable margin deductions.
For example, when Multi-Asset Mode is enabled, users can use BTC as collateral when trading on the AUCTIONUSDT Perpetual Contract.
The AUCTIONUSDT Perpetual Agreement is subject to the terms of the Binance Terms of Use and the Binance Futures Services Agreement.
*This is not investment advice.