Binance Futures has announced the launch of pre-trading for the INITUSDT perpetual contract, offering up to 5x leverage starting April 16, 2025, at 14:30 (UTC+8). The initiative aims to expand trading options and improve user experience on Binance's futures platform.
What Is INIT (Initia)?
Initia is a next-gen blockchain protocol focused on solving critical infrastructure challenges, including data availability, oracle design, and interoperability. It empowers developers with informed decision-making tools for modular blockchain infrastructure.
NITUSDT Perpetual Contract Details:
Contract Name | INITUSDT |
|---|---|
Launch Time | April 16, 2025, 14:30 (UTC+8) |
Underlying Asset | INIT (Initia) |
Settlement Asset | USDT |
Max Leverage | 5x |
Minimum Tick Size | 0.0001 |
Funding Rate Cap | +2.00% / -2.00% |
Funding Interval | Every 4 hours |
Trading Hours | 24/7 |
Multi-Asset Mode | Supported (BTC, USDT, etc.) |
Mark Price Methodology:
During pre-trading, mark price = average price over last 10 seconds.
If trades < 21 in the last 10 seconds, mark price = average of last 100 prices.
Once stable spot price is available, the contract will transition to standard, using:
Mark Price = Median (Price 1, Price 2, Contract Price)
Leverage & Margin Tiers:
Nominal Value (USDT) | Leverage | Maintenance Margin |
|---|---|---|
0 – 5,000 | 5x | 10.00% |
5,001 – 10,000 | 4x | 12.50% |
10,001 – 30,000 | 3x | 16.70% |
30,001 – 80,000 | 2x | 25.00% |
80,001 – 200,000 | 1x | 50.00% |
