Yahya 
In a bid to increase the freedom of trading offered, Binance Futures has unveiled the QUICKUSDT Perpetual Contract. This contract is to be deployed on 6th September 2024 at 05:00 UTC, to provide leverage of up to 75x to the users. QuickSwap will be the underlying asset for this contract, while USDT will be the settlement asset.
Contract Specifications
Starting with settlement occurring every four hours, the funding rate for the QUICKUSDT Perpetual Contract will be restricted to +2.00% / -2.00%. Tick scale of this contract is 0.00001.
Binance claims that this contract will allow traders to use multiple margin assets, including BTC, subject to necessary haircuts, hence enabling the Multi-Assets Mode. Users might therefore swap the perpetual contract with more discretion over numerous margin types.
Adjustable Parameters
Changing market risk has let Binance retain the right to alter significant aspects of this everlasting contract. Among these changing factors could be funding costs, tick size, maximum leverage, initial margin, and maintenance margin requirements.
Those interested in the QUICKUSDT Perpetual Contract should look for the most recent information on Binance’s official website as contract terms will fluctuate to fit for market conditions.
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