Binance Futures is expanding its range of trading products by introducing four new perpetual futures contracts. The GEVUSDT, VRTUSDT, SNOWUSDT, and APPUSDT contracts will go live sequentially on July 10.
Four new contracts arrive on Binance
The first contract, GEVUSDT, will begin trading at 08:30 UTC and will track the share price of GE Vernova (NYSE: GEV). Five minutes later, at 08:35 UTC, VRTUSDT will launch, following the stock price of data center infrastructure company Vertiv Holdings (NYSE: VRT). SNOWUSDT, based on the share price of cloud data company Snowflake (NYSE: SNOW), will go live at 08:40 UTC, while APPUSDT, tracking mobile advertising technology company AppLovin (Nasdaq: APP), will begin trading at 08:45 UTC.
All four contracts have been listed with identical trading specifications. The tick size is set at 0.01, the minimum order quantity is 0.01 units, and the minimum notional value is fixed at $5. Traders will be able to use leverage of up to 25x, while funding fees will be calculated every eight hours. The funding rate cap and floor are set at 2%, the funding interest rate is zero, and the contracts will be available for trading 24/7. They will also support Multi-Assets Mode.
Binance stated in its announcement that these four contracts are exempt from the funding interval adjustment rule (Rule 8.1). Under normal circumstances, if a contract's funding rate repeatedly reaches its upper or lower limit, the exchange automatically shortens the funding interval from eight hours to one hour. This automatic adjustment will not apply to GEVUSDT, VRTUSDT, SNOWUSDT, or APPUSDT.
The exchange also noted that it may adjust funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements over time depending on market risk conditions. The announcement was published as a notice under Binance Exchange Rule 17, and Binance said that this notice will prevail in the event of any inconsistency.
Synthetic stock contracts have become increasingly popular among traders seeking exposure to publicly listed companies through cryptocurrency exchanges. Companies such as GE Vernova and Vertiv have attracted strong investor interest in recent months due to growing discussions around rising electricity demand driven by artificial intelligence investments. Snowflake and AppLovin have also remained closely watched in the cloud computing and advertising technology sectors.
Binance's funding rate mechanism is designed to keep the price difference between the crypto-based perpetual contract and its underlying stock within a controlled range. However, exempting these contracts from Rule 8.1 means the funding interval will remain fixed at eight hours even if funding rates stay at their ceiling or floor for an extended period. As a result, traders holding heavily crowded long or short positions could face elevated funding costs for longer than they would under the standard adjustment mechanism.
With leverage of up to 25x available, even relatively small price movements can have a significant impact on positions. Traders are advised to carefully review margin requirements and funding rate conditions before opening positions.
