Binance Futures announced the launch of the USDⓈ-M ETHW Perpetual Contract. This new feature will be available from November 28, 2023, at 12:30 (UTC), providing users with the opportunity to leverage their investments up to 50x.
The ETHWUSDT Perpetual Contract encompasses several features, including the underlying asset of ETHW, settlement in USDT, a tick size of 0.001 and 24/7 trading hours. Its capped funding rate stands at +2.00% / -2.00%, with the funding fee settlement occurring every four hours.
Further, the maximum funding rate of the ETHWUSDT Perpetual Contract at the time of launch is noted to be at +2.00% / -2.00%. This rate will apply for varied slots, including 16:00 (UTC), 20:00 (UTC), 00:00 (UTC), and 04:00 (UTC) from November 28 to 29, 2023.