🚀 New Futures Alert on Binance! 💥

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 XPLUSDT perpetual contract pre-market trading starting at 2025-08-22 09:30 (UTC) with up to 5x leverage.
More details on the aforementioned perpetual contract can be found in the table below:
USDⓈ-M Perpetual ContractXPLUSDTLaunch Time2025-08-22 09:30 (UTC)Underlying AssetPlasma (XPL)Project InformationPlasma is a Layer 1 EVM compatible blockchain that is purpose built for high-volume, low-cost global stablecoin payments.Total Supply10,000,000,000 XPLMaximum Supply∞ XPLSettlement AssetUSDTMark PriceAverage of the last 10 seconds of trade prices, calculated every second. *Please see the section belowCapped Funding RateDuring the pre-market trading period: +0.005%After the pre-market trading ends: +2.00% / -2.00%*Please see the section “About Funding Rates” belowFunding Fee Settlement FrequencyEvery Four HoursMaximum Leverage5xTrading Hours24/7Multi-Assets ModeSupported
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 20 transaction prices.
A ±1% of price cap will be imposed on the mark price where the price change is limited within ±1% range every second interval. This cap is applicable during the pre-market trading and pre-market standard perpetual transition period.
Pre-market Standard Perpetual Transition Period
Pre-market perpetual futures contracts will be converted to standard perpetual futures contracts gradually 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. The transition period duration is subject to price volatility and availability of stable index price. Trading function is not affected during the transition period. Open orders and positions will not be cancelled.
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)
Please refer Mark Price and Price Index in USDⓈ-Margined Futures for Price 1 and Price 2 formula.
About Funding Rates:
There are two components to the funding rate: the interest rate and the premium. Binance uses a flat interest rate fixed at 0.03% daily by default. Due to unavailability of premium index during the pre-market trading period, the funding rate will be 0.005% per funding interval since funding interval occurs every 4 hours. Binance reserves the right to adjust the interest rate from time to time depending on market conditions.After the pre-market trading ends, the funding rate will follow the standard perpetual futures contract’s funding rate rules where the maximum and minimum funding rate could go up to +2.00% / -2.00%.
Leverage & Margin Tiers:
LeveragePosition (Notional Value in USDT)Maintenance Margin Rate5x0 < Position ≤ 5,00010.00%4x5,000 < Position ≤ 10,00012.50%3x10,000 < Position ≤ 30,00016.70%2x30,000 < Position ≤ 80,00025.00%1x80,000 < Position ≤ 200,00050.00%
Please Note:
Binance may impose a price cap on the mark price during the pre-market trading and pre-market standard perpetual transition period.The aforementioned perpetual contract(s) will be included in Binance Futures New Listing Fee Promotion campaign.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:
Trading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureHow to Select Trading PairsFunding Rate HistoryMark Price and Price IndexMulti-Assets Mode
Thank you for your support!
Binance Team
2025-08-22
Note: This announcement was amended on 2025-08-22 to clarify that a ±1% of price cap will be imposed on the mark price during the pre-market trading and pre-market standard perpetual transition period.