Binance Futures launches XAGUSDT silver perpetual contract with up to 50x leverage on January 7, 2026 at 10:00 UTC.

Binance adds silver perpetual futures

Binance Futures will list a USDS-margined XAGUSDT perpetual contract that tracks the price of silver against Tether (USDT), a U.S. dollar-pegged stablecoin. The contract launches on 7 January 2026 at 10:00 Coordinated Universal Time (UTC) and offers up to 50x leverage on one-troy-ounce silver exposure. XAGUSDT fits the description of Binance’s Perpetual Futures on traditional assets, branded as “TradFi Perps”, which are denominated and settled in USDT only. The contract references silver as the underlying traditional asset while profit and loss settle in USDT on Binance Futures.

Contract conditions and funding structure

The XAGUSDT perpetual contract uses the same funding concepts as other USDT-based perpetual futures on Binance. Funding fees settle every four hours, and Binance sets a maximum funding rate of plus or minus two percent per funding interval at launch for comparable contracts. Trading runs 24 hours a day, seven days a week, while silver markets trade on a five-day schedule with maintenance windows and holidays. USDT settlement concentrates profit and loss into a single stablecoin, so users gain silver price exposure while their account balance changes in USDT rather than in metal.

Tradfi perps pricing on closed markets

Perpetual futures are derivative contracts with no expiry date, where Binance uses funding payments between long and short positions to keep the contract price close to a reference index. For Perpetual Futures on traditional assets, the Binance FAQ states that the Price Index uses constituent prices quoted by third-party data vendors during regular trading hours. When underlying markets close or move into non-regular trading periods, the Price Index remains fixed at its most recently calculated value. Price index design for TradFi Perps therefore maintains a continuous reference for margin and funding calculations even when silver markets do not trade.

Silver performance and product expansion

Silver recorded strong price gains during 2025, and Binance Square posts described it as one of the best-performing assets of that year. Binance listed a gold USDS-margined perpetual futures contract with high leverage in December 2025 under the same TradFi Perps framework. The introduction of XAGUSDT means Binance Futures now lists perpetual contracts that reference both gold and silver alongside cryptocurrency contracts. XAGUSDT and XAUUSDT together give users continuous derivatives exposure to two major precious metals on the same futures venue.