Binance Futures will launch the KITEUSDT perpetual contract on October 29, 2025, offering up to 5x leverage. The contract will be settled in USDT and utilize a total supply of 10 billion KITE tokens. Before market opening, the mark price will be calculated using the average of the last 10 seconds of trade prices, updated every second. A capped funding rate of +0.005% will apply initially, increasing to a range of +2.00%/-2.00% after pre-market trading ends. Funding fees will be settled every four hours, and maximum leverage available is 5x. This contract is designed for 24/7 trading, utilizing Multi-Assets Mode for users to trade across multiple margin assets.