Binance Futures Will Launch Multiple USDⓈ-Margined TradFi Perpetual Contracts (2026-07-17)

This is a general Binance Exchange Notice and a Notice for the purposes of the Clearing Rules . Products and services referred to here may not be available in your region.

To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, the following contract(s) will be admitted to trading on Binance RIE and admitted to Clearing and Settlement by Binance RCH at the time specified below:

2026-07-17 03:00 (UTC): MINIMAXUSDT USDT-Priced Perpetual Contract 

2026-07-17 03:05 (UTC): ZHIPUUSDT USDT-Priced Perpetual Contract 

2026-07-20 03:00 (UTC): HK0700USDT Quanto Perpetual Contract 

2026-07-20 03:05 (UTC): HK1810USDT Quanto Perpetual Contract 

2026-07-20 03:10 (UTC): TENCENTUSDT USDT-Priced Perpetual Contract 

What Is a Binance Futures Quanto Perpetual Contract:

Binance Futures Quanto Perpetual Contract allows users to trade non-USD-denominated equity in local currency without any foreign exchange conversion. The perpetual contract is priced in the local currency, such as HKD and JPY,  while the settlement and payoff are settled in USDT. It removes cross-currency exchange rate fluctuation risk.

Difference between a USDT-Priced Contract and a Quanto Contract:

The Price Index of a USDT-Priced Contract is obtained based on the price of the underlying asset on the exchange on which it is primarily traded (in this case, the price of the relevant Hong Kong stock on the HKEX), with a HKD/USD FX rate applied. The FX rate is provided by a third party vendor and updated on a real time basis. 

A quanto contract is a futures contract in which the underlying asset is priced in one quote asset, but the margin and P&L are settled in another quote asset. In this case, the price of the relevant Hong Kong stock on the HKEX is treated as if denominated in USDT on a one-to-one basis for the purposes of margining and settlement, without any foreign exchange conversion.

Example: User A has a long position in HK0700USDT Quanto Perpetual Contract with a contract size of 10 HK0700 and an average entry price of 450. The user closes the position when the price of HK0700USDT Quanto Perpetual Contract is at 500.

Assume the trading fee is 0.04% 

Trading Fee= Notional Position Trading Fee 

The fee payable when the user opens a position is 1.8 USDT.

Assume the funding rate is 0.01%

= Notional Position Funding Rate

The funding fee the user would need to pay is 0.45 USDT. 

3. Maintenance Margin

Assume the maintenance margin rate is 1%

= Notional Position Maintenance Margin Rate

4. Realised PNL 

= (Closing Price - Average Entry Price) Contract Size 

= (500 - 450) 10 

 500 USDT will be credited to the user’s Futures Account after they closed the position.

More details on the aforementioned perpetual contract(s) can be found in the table below:  

USDⓈ-M Perpetual Contract

2026-07-17 03:00 (UTC)

2026-07-17 03:05 (UTC)

2026-07-20 03:00 (UTC)

2026-07-20 03:05 (UTC)

2026-07-20 03:10 (UTC)

MiniMax Group Inc (HKEX: 100)

Knowledge Atlas Technology JSC Ltd

Tencent Holdings Limited(HKEX: 700) 

Xiaomi Corporation (HKEX: 1810) 

Funding Fee Settlement Frequency

Interest Rate of Funding Rate

This information is released as a Notice under Rules 75 and 89 of the Exchange Rules and a Notice under Rule 76.6 of the Clearing Rules .

The aforementioned perpetual contract(s) are exempted from the 8.1 Adjustment of Funding Interval rules. The funding interval will not be adjusted from every eight hours to every one hour when the previous funding rate settlement of the aforementioned perpetual contract(s) reach the funding rate cap or floor.  

Binance RIE may adjust the trading parameters of the aforementioned Contract[s] from time to time, in accordance with the Exchange Rules and the Exchange Procedures . The applicable trading parameters at any time are set out in the relevant Contract Specifications and in the Trading Parameters Table (USDS-M Futures) . 

Binance RCH may adjust the maximum leverage and margin requirements in accordance with the Clearing Rules and the Clearing Procedures . The applicable maximum leverage and margin requirements are set out in the Leverage & Margin Table (USDⓈ-M Futures) . 

Binance RCH may adjust the funding rate in accordance with the Clearing Rules and the Clearing Procedures . The applicable funding rate parameters are set out in the Funding Rate Table (USDⓈ-M Futures) .

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.

Perpetual Futures on Traditional Assets

Leverage and Margin of USDⓈ-M Futures Contracts

Binance Futures Fee Structure

How to Select Trading Pairs

Mark Price and Price Index

Binance Futures Contract Specifications

Thank you for your support!

Note: This announcement was amended on 2026-07-16 to update the listing time of HK0700USDT Quanto Perpetual Contract, HK1810USDT Quanto Perpetual Contract, and TENCENTUSDT USDT-Priced Perpetual Contract.