Binance Futures, a leading cryptocurrency derivatives platform, will list SLP on October 31, 2023 at 17:30, offering investors the potential for up to 50x leverage.
Binance Futures Introduces USDⓈ-M SLP Perpetual Contract with Up to 50x Leverage
Here are the key details for the USDⓈ-M SLP Perpetual Contract:
Maximum Funding Rate: The SLPUSDT Perpetual Contract will have a maximum funding rate of +2.00%/-2.00% at launch.
Funding Fee Calculation Frequency: The funding fee for the contract will be paid every four hours.
Binance reserves the right to make adjustments to the features of the SLPUSDT Perpetual Contract in accordance with prevailing market risk conditions. These changes may relate to factors such as funding fees, tick size, maximum leverage, initial margin and maintenance margin requirements.
The introduction of Multi-Asset Mode offers users the flexibility to trade the SLPUSDT Perpetual Contract across a range of margin assets depending on the applicable coefficients.
As an example, when Multi-Asset Mode is enabled, traders can use BTC as margin when interacting with the SLPUSDT Perpetual Contract.
*This is not investment advice.