Binance Futures to Launch KATUSDT Perpetual Contract with Up to 5x Leverage

According to the announcement from Binance, the platform is set to expand its trading options by introducing the KATUSDT perpetual contract on Binance Futures. The pre-market trading for this contract will commence on 2026-03-02 at 05:00 (UTC), offering traders up to 5x leverage. The underlying asset for this contract is Katana Network (KAT), a blockchain designed specifically for decentralized finance (DeFi) applications. The total and maximum supply of KAT is 10,000,000,000 tokens, with the settlement asset being USDT. The tick size for trading is set at 0.00001, and the minimum trade amount is 1 KAT, with a minimum notional value of 5 USDT. The mark price during the pre-market trading period will be calculated as the average of the last 10 seconds of trade prices, updated every second. A ±1% price cap will be imposed on the mark price, limiting price changes within this range during each second interval. This cap applies during both the pre-market trading and the transition period to standard perpetual futures contracts. The transition period will see the mark price gradually converge to the standard calculation, which uses the median of Price 1, Price 2, and Contract Price. The duration of this transition is subject to price volatility and the availability of a stable index price. Trading functions remain unaffected during this period, and open orders and positions will not be canceled. Regarding funding rates, the pre-market trading period will feature a capped funding rate of +0.005% per interval, with settlements occurring every four hours. After the pre-market trading ends, the funding rate will adhere to standard rules, with a maximum and minimum rate of +2.00% and -2.00%, respectively. Binance reserves the right to adjust the interest rate based on market conditions. The leverage and margin tiers for the contract range from 5x leverage for positions up to 5,000 USDT, with a maintenance margin rate of 10.00%, to 1x leverage for positions between 80,000 and 200,000 USDT, with a maintenance margin rate of 50.00%. Multi-Assets Mode is supported, allowing users to trade across multiple margin assets, subject to applicable haircuts. The KATUSDT perpetual contract will be available for Futures Copy Trading within 24 hours of launch. Binance may adjust contract specifications based on market risk conditions, including funding fees, tick size, maximum leverage, and margin requirements.