Key facts
- Binance Futures launched perpetual futures contracts for two US Treasury bond ETFs and the ProShares Bitcoin ETF.
- The new contracts are TMFUSDT, TBTUSDT, and BITOUSDT.
- Trading began on July 27 with leverage up to 25x.
- Contracts are settled in USDT, with funding payments every eight hours.
- The contracts support Binance's Multi-Assets Mode for margin selection.
Binance Futures has expanded its offerings of tokenized traditional finance derivatives by launching three new USDⓈ-M perpetual futures contracts. These contracts are based on the Direxion Daily 20+ Year Treasury Bull 3X ETF (TMFUSDT), the ETF Shares UltraShort 20+ Year Treasury (TBTUSDT), and the ProShares Bitcoin ETF (BITOUSDT).
Trading for TMFUSDT commenced at 13:30 UTC, followed by TBTUSDT at 13:35 UTC, and BITOUSDT at 13:40 UTC on July 27. These contracts allow for 24-hour trading with leverage up to 25x and are settled in USDT. The minimum order size is set at 0.01 units per contract, with a minimum notional trade value of 5 USDT.
Funding payments for these contracts will occur every eight hours, capped at a maximum of +2.00% and a minimum of -2.00%. Binance has also corrected the interest rate component in the funding formula calculations to 0%.
Furthermore, the new contracts will be compatible with Binance's Multi-Assets Mode, enabling users to utilize a combination of eligible asset types as margin. The exchange noted that the funding interval adjustment mechanism, which can change settlement to one-hour intervals, will not apply to these specific contracts. Binance also reserves the right to adjust trading parameters, including leverage and margins, in response to market changes.