Ramazan Eles 
To broaden its range of trading options and enhance the trading experience for users, Binance Futures will introduce the SYNUSDT Perpetual Contract on August 16, 2024, at 12:30 UTC. This new contract will allow for up to 50x leverage, providing traders with a high-risk, high-reward opportunity.
Details of the SYNUSDT Perpetual Contract:
Contract Type: USDⓈ-M Perpetual Contract
Trading Pair: SYNUSDT
Launch Date: August 16, 2024, at 12:30 UTC
Underlying Asset: Synapse (SYN)
Settlement Asset: USDT
Tick Size: 0.0001
Capped Funding Rate: +2.00% / -2.00%
Funding Fee Settlement Frequency: Every Four Hours
Maximum Leverage: 50x
Trading Hours: 24/7
Multi-Assets Mode: Supported
Key Points to Note
Maximum Funding Rate: The maximum funding rate for the SYNUSDT Perpetual Contract at launch is set at +2.00% / -2.00%. This rate will be settled every four hours according to the following schedule:
August 16, 2024, 16:00 UTC: +2.00% / -2.00%
August 16, 2024, 20:00 UTC: +2.00% / -2.00%
August 17, 2024, 00:00 UTC: +2.00% / -2.00%
August 17, 2024, 04:00 UTC: +2.00% / -2.00%
Contract Adjustments: Binance may periodically adjust the contract specifications based on market risk conditions. These adjustments could include changes to the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements.
Multi-Assets Mode: This feature allows users to trade the SYNUSDT contract across multiple margin assets, with applicable haircuts. For instance, users can use BTC as margin when trading the SYNUSDT Perpetual Contract if the Multi-Assets Mode is activated.
Legal and Compliance: The SYNUSDT Perpetual Contract is subject to Binance’s Terms of Use and the Binance Futures Service Agreement.