Key Takeaways
- • Binance Futures launched three new perpetual contracts on July 27, 2026: TMFUSDT (Direxion Daily 20+ Year Treasury Bull 3X ETF), TBTUSDT (ProShares UltraShort 20+ Year Treasury), and BITOUSDT (ProShares Bitcoin ETF), expanding access to traditional finance instruments on a crypto derivatives platform.
- • All three contracts offer up to 25x leverage with 24/7 trading and USDT settlement, with minimum trade amounts set at 0.01 units per contract and a minimum notional value of 5 USDT, enabling retail and institutional participation across multiple asset classes.
- • Funding rates are capped at ±2.00% with eight-hour settlement cycles and a 0% interest rate component, with contracts exempt from the standard 8.1 adjustment rule that would normally compress funding intervals during cap-breach conditions.
- • Multi-Assets Mode support available for all three perpetual contracts, allowing traders to manage positions across multiple assets simultaneously within a single account structure.
- • Binance reserves the right to adjust contract specifications dynamically based on market risk conditions, including leverage limits, margin requirements, and funding mechanisms, with the official announcement superseding all FAQ documentation.
Summary
Binance Futures expanded its derivatives offering on July 27, 2026, by launching three new perpetual contracts providing institutional and retail traders with direct exposure to U.S. Treasury ETFs and Bitcoin spot price derivatives. The three instruments—TMFUSDT, TBTUSDT, and BITOUSDT—went live at staggered intervals (13:30, 13:35, and 13:40 UTC respectively) and represent a strategic move to bridge cryptocurrency derivatives trading with traditional fixed-income and Bitcoin spot market exposure.
TMFUSDT tracks the Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSE Arca: TMF), a leveraged long-duration Treasury instrument, while TBTUSDT provides inverse exposure through the ProShares UltraShort 20+ Year Treasury (NYSE Arca: TBT). BITOUSDT references the ProShares Bitcoin ETF (NYSE Arca: BITO), offering institutional-grade Bitcoin spot price exposure through a regulated equity fund structure. This product mix enables traders to construct multi-leg hedging strategies spanning duration risk, interest rate exposure, and cryptocurrency volatility within a single platform.
Structurally, all three contracts support maximum leverage of 25x with perpetual (indefinite) contract duration, 24/7 trading availability, and USDT as the settlement asset. The funding rate—a mechanism that ensures perpetual contract prices align with underlying spot prices—is capped at +2.00% / -2.00% with settlement every eight hours. Notably, these contracts are exempt from Binance's Rule 8.1 adjustment, which would normally compress funding intervals from eight hours to one hour if funding rates consistently hit their caps or floors, providing traders with predictable funding mechanics.
Minimum trade specifications are standardized across all three contracts: 0.01 unit minimum order size with a 5 USDT minimum notional value per trade. Multi-Assets Mode functionality is supported, enabling cross-collateralization and simultaneous position management. Binance explicitly reserved the right to adjust contract specifications—including leverage limits, initial and maintenance margin requirements, tick size, and funding mechanisms—in response to evolving market risk conditions, with this announcement serving as the authoritative source for all contract terms and conditions.
TMFUSDT tracks the Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSE Arca: TMF), a leveraged long-duration Treasury instrument, while TBTUSDT provides inverse exposure through the ProShares UltraShort 20+ Year Treasury (NYSE Arca: TBT). BITOUSDT references the ProShares Bitcoin ETF (NYSE Arca: BITO), offering institutional-grade Bitcoin spot price exposure through a regulated equity fund structure. This product mix enables traders to construct multi-leg hedging strategies spanning duration risk, interest rate exposure, and cryptocurrency volatility within a single platform.
Structurally, all three contracts support maximum leverage of 25x with perpetual (indefinite) contract duration, 24/7 trading availability, and USDT as the settlement asset. The funding rate—a mechanism that ensures perpetual contract prices align with underlying spot prices—is capped at +2.00% / -2.00% with settlement every eight hours. Notably, these contracts are exempt from Binance's Rule 8.1 adjustment, which would normally compress funding intervals from eight hours to one hour if funding rates consistently hit their caps or floors, providing traders with predictable funding mechanics.
Minimum trade specifications are standardized across all three contracts: 0.01 unit minimum order size with a 5 USDT minimum notional value per trade. Multi-Assets Mode functionality is supported, enabling cross-collateralization and simultaneous position management. Binance explicitly reserved the right to adjust contract specifications—including leverage limits, initial and maintenance margin requirements, tick size, and funding mechanisms—in response to evolving market risk conditions, with this announcement serving as the authoritative source for all contract terms and conditions.
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