Binance Futures to Transition LITUSDT Contract to Standard USDⓈ-M

According to the announcement from Binance, the LITUSDT perpetual contract on Binance Futures is set to transition from pre-market trading to a standard USDⓈ-M LITUSDT Perpetual Contract on 2026-01-15 at 15:30 (UTC). This transition is expected to take up to three hours, depending on price volatility and the availability of a stable index price. During this period, trading functions will remain operational, and open orders and positions will not be canceled. **Mark Price Transition** The transition involves a gradual conversion of the mark price from the pre-market trading mark price to the standard mark price calculation. The mark price will be determined using the formula: Mark Price = Median (Price 1, Price 2, Contract Price). A price cap of ±1% will be applied to the mark price, limiting price changes within a ±1% range every second during both the pre-market trading and the transition period. **Funding Rates** Once the pre-market trading concludes, the premium index will be introduced, and the funding rate will adhere to the standard perpetual futures contract's rules. The funding rates can fluctuate between a maximum of +2.00% and a minimum of -2.00%. This transition marks a significant update in the trading of LITUSDT perpetual contracts on Binance Futures, aiming to enhance the trading experience by aligning with standard perpetual futures contract practices. Users are encouraged to stay informed about the trading rules, leverage, margin, and fee structures associated with USDⓈ-M Futures Contracts to optimize their trading strategies.