Introduction
On October 23, 2025, Binance Futures will transition the USDⓈ-Margined METUSDT Perpetual Contract pre-market trading to a standard perpetual futures contract. This change aims to enhance trading efficiency and fairness, ensuring a stable trading environment for investors.
Transition Details
The conversion will begin at 14:00 (UTC) and may take up to three hours. During this period, the trading function will remain operational, and no open orders or positions will be canceled. The transition will rely on the availability of a stable index price derived from the spot markets.
Mark Price Adjustments
As part of the transition, the mark price will adjust gradually over time:
- Pre-market Mark Price will align with the standard contract calculations, which are determined using:
- Mark Price = Median (Price 1, Price 2, Contract Price)
- A price cap of ±1% will limit changes every second interval during both pre-market trading and the transition.
Support and Funding Rate
Upon concluding the pre-market trading, the following conditions will apply:
- The premium index will become available, allowing the funding rate to adapt to the standard perpetual futures contract rules. The funding rates may vary between +2.00% to -2.00%, depending on market conditions.
Relevant Resources
Investors should familiarize themselves with the various guidelines related to trading:
Conclusion
This transformative step reflects Binance’s commitment to providing high-quality trading experiences for all users. Investors are encouraged to keep abreast of such updates as they could influence trading strategies significantly. If you have further questions or need more information, visit the Binance Support Center.