š¹ 1. Trading Rules of USDā-M Futures Contracts
USDā-M (USDā-Margined) contracts are settled in stablecoins like USDT or BUSD. Key rules include:
No expiry: These are perpetual contracts, not settled on a set date.
Linear pricing: Profits/losses are calculated in USDT.
Funding fees: Paid every 8 hours between longs and shorts to balance price with spot.
š¹ 2. Leverage and Margin
Traders can choose leverage from 1x to 125x, depending on the pair.
Initial Margin: The minimum capital required to open a position.
Maintenance Margin: Minimum balance to keep the position open. Falling below this triggers liquidation.
Cross Margin vs Isolated Margin:
Cross: Uses all available margin in your futures wallet.
Isolated: Limits risk to a specific position.
š¹ 3. Binance Futures Fee Structure
Maker Fee (for limit orders): as low as 0.02%
Taker Fee (for market orders): up to 0.04%
VIP levels and BNB discounts apply.
Fees are charged in USDT.
See full fee table on Binance ā
š¹ 4. How to Select Trading Pairs
Check liquidity, volatility, and funding rate history.
Popular pairs: BTC/USDT, ETH/USDT, SOL/USDT
Choose based on:
Your market outlook
Trading volume
Leverage needs
š¹ 5. Funding Rate History
Funding rates are periodic payments between long and short positions.
Rates change every 8 hours.
View history in the āFunding Rateā tab of each contract.
Positive rate: Longs pay shorts
Negative rate: Shorts pay longs
š¹ 6. Mark Price and Price Index
Mark Price: Used to avoid manipulation; it determines liquidation and unrealized PnL.
Price Index: Derived from major exchanges to reflect fair market price.
Prevents extreme liquidation due to price spikes.
š¹ 7. Multi-Assets Mode
Enables trading using multiple margin assets (e.g., USDT + BUSD).
Share margin across positions.
Great for:
Portfolio hedging
Using stablecoin reserves efficiently
Must be enabled in [Futures Wallet Settings].