Overview
On October 11, 2025, Binance Futures is set to launch the USDⓈ-Margined METUSDT perpetual contract, designed to expand trading options and enhance user experience on the platform. This contract will go live for pre-market trading at 12:30 UTC, offering traders the opportunity to leverage their positions by up to 5x.
What is the METUSDT Contract?
The METUSDT perpetual contract is based on the underlying asset Meteora (MET), a project that acts as a dynamic liquidity layer in decentralized finance (DeFi). It provides essential tools for liquidity providers, facilitating token launches and launchpads in the DeFi space. Here’s a detailed breakdown of the contract:
| Feature | Details |
|————————————|———————————|
| Contract Name | METUSDT |
| Launch Time | 2025-10-11 12:30 (UTC) |
| Underlying Asset | Meteora (MET) |
| Total Supply | 1,000,000,000 MET |
| Settlement Asset | USDT |
| Maximum Leverage | 5x |
| Trading Hours | 24/7 |
| Funding Fee Settlement Frequency| Every Four Hours |
Mark Price Calculation
Pre-Market Trading Mark Price
During the pre-market trading phase, the mark price will be determined using the average of the last 10 seconds’ trade prices, assessed every second. In situations where fewer than 21 transaction prices are present, the average will be calculated based on the last 20 transaction prices. To mitigate volatility, Binance will implement a ±1% cap on the mark price, limiting price fluctuations within this range.
Transition to Standard Perpetual Contracts
As the pre-market period concludes and a stable index price is confirmed, Binance will gradually transition the METUSDT perpetual contract to standard perpetual contract pricing. This ensures seamless trading functionality, with no cancellation of open orders or positions during this transition.
Funding Rates
The funding rate is a critical component of futures trading, comprising both an interest rate and a premium. During the pre-market trading, the funding rate is set at 0.005% every four hours. After this period, it follows standard funding rate rules which may vary from +2.00% to -2.00%. This structure enables traders to manage their positions more effectively based on market conditions.
Leverage and Margin Tiers
The leverage available for the METUSDT contract varies according to the position’s notional value in USDT. Below is a table outlining the different leverage tiers and maintenance margin rates:
| Leverage | Position (Notional Value in USDT) | Maintenance Margin Rate |
|————–|—————————————-|——————————|
| 5x | 0 < Position ≤ 5,000 | 10.00% |
| 4x | 5,000 < Position ≤ 10,000 | 12.50% |
| 3x | 10,000 < Position ≤ 30,000 | 16.70% |
| 2x | 30,000 < Position ≤ 80,000 | 25.00% |
| 1x | 80,000 < Position ≤ 200,000 | 50.00% |
Conclusion
The launch of the METUSDT perpetual contract on Binance Futures presents an exciting opportunity for traders, especially those focused on innovative DeFi projects like Meteora. With robust mechanisms for trading and investment risk management, it is expected to attract increased participation in futures trading on the Binance platform.
For continual updates and detailed information about the contract specifications, leverage options, and trading rules, refer to Binance’s official announcements and guidelines.