According to the announcement from Binance, the platform is set to expand its trading options by introducing the ZAMAUSDT perpetual contract on Binance Futures. The pre-market trading for this contract will commence on 2026-01-09 at 09:00 (UTC), offering traders the opportunity to leverage up to 5x. The Zama Protocol (ZAMA) serves as the underlying asset for this contract, which is designed to enhance confidentiality across various blockchain layers using Fully Homomorphic Encryption (FHE). The total supply of ZAMA is 11 billion, with an infinite max supply. The settlement asset for this contract is USDT, and trading will be available 24/7.
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 price cap of ±1% will be imposed to limit price fluctuations during this interval. As the pre-market trading transitions to standard perpetual futures, the mark price will gradually align with the standard calculation, which uses the median of various price indices. The funding rate during the pre-market period is set at 0.005% per interval, occurring every four hours. Once the pre-market trading concludes, the funding rate will adjust to the standard rules, with a potential range of +2.00% to -2.00%.
Leverage and margin tiers are structured to accommodate different position sizes, with maintenance margin rates varying from 10% to 50% based on the notional value in USDT. Binance may impose stricter maximum prices during the pre-market and transition periods, adjusting them as necessary based on market conditions. The ZAMAUSDT perpetual contract will be included in Binance's New Listing Fee Promotion and will be available for Futures Copy Trading within 24 hours of launch. Multi-Assets Mode is supported, allowing users to trade across multiple margin assets. The contract is subject to Binance's Terms of Use and Futures Service Agreement.