According to the announcement from Binance, the platform will initiate the conversion of the CCUSDT perpetual contract pre-market trading to a standard USDⓈ-M CCUSDT Perpetual Contract on 2025-11-10 at 11:30 (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 unaffected, and open orders and positions will not be canceled.
The transition involves a gradual conversion of pre-market perpetual futures contracts to standard perpetual futures contracts once a stable index price is derived from the spot markets, as determined by Binance. The mark price will shift from the pre-market trading mark price to the standard mark price calculation, which is defined as the median of Price 1, Price 2, and the 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.
Once the pre-market perpetual futures contract concludes, the mark price will be calculated using the formula: Mark Price = Median (Price 1, Price 2, Contract Price). The premium index will become available after the pre-market trading ends, and the funding rate will adhere to the standard perpetual futures contract’s funding rate rules. The maximum and minimum funding rates could reach +2.00% and -2.00%, respectively. This transition marks a significant update in Binance's futures trading offerings, aiming to enhance the trading experience by aligning with standard perpetual futures contract practices.
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