This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To expand the list of trading choices offered on Binance Futures and to enhance users’ trading experience, Binance Futures will launch SXTUSDT perpetual contract pre-market trading starting at 2025-05-02 08:30 (UTC) with up to 5x leverage.
More details on the aforementioned perpetual contract can be found in the table below:
About Mark Price:
Mark Price methodology during the pre-market trading period
Pre-market perpetual futures contract mark price is calculated using the following formula:
Mark Price = Average of last 10 seconds trade prices, calculated every second. If there are less than 21 transaction prices in the 10 seconds interval, the average of the price index will be based on the last 100 transaction prices.
Pre-market Standard Perpetual Transition Period
Pre-market perpetual futures contracts will be converted to standard perpetual futures contracts when a stable index price can be derived from the spot market(s) (as determined by Binance). The mark price will gradually converge from pre-market trading Mark Price to the standard Mark Price calculation (Mark Price = Median (Price 1, Price 2, Contract Price)) during the transition period. Trading function is not affected during the transition period. Open orders and positions will not be canceled.
Mark Price After the Pre-Market Trading Ends
When the pre-market perpetual futures contract ends, the Mark Price will be calculated using the following formula:
Mark Price = Median (Price 1, Price 2, Contract Price)
Leverage & Margin Tiers:
Please Note:
The pre-market trading will end and be converted to standard perpetual futures contract when the symbol is listed on the spot market(s). No separate announcement will be made.
The maximum funding rate of the aforementioned perpetual contract at the time of launch is +2.00% / -2.00%.
The funding fee settlement frequency is every four hours.
Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Multi-Assets Mode allows users to trade the aforementioned perpetual contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the aforementioned perpetual contract.
The aforementioned perpetual contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Futures and spot token listings are not correlated. A token listed on Binance Futures does not indicate nor guarantee that it will be listed on Binance Spot.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Further Information:
Thank you for your support!
Binance Team
2025-05-02
Note: This announcement was amended on 2025-05-02 to provide information on the project’s total supply.
