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Binance Caps Leverage at 10x for Apple-Linked Perpetual Contract

Binance’s April 2, 2026, notice scheduled AAPLUSDT to open April 6, 2026, at 9:50 a.m. EDT (13:50 UTC) and set its funding-rate band from -2% to 2%.

Updated 1 min read
Pedestrians pass the glass entrance of Apple Fifth Avenue in Manhattan. / EconoTimes.ai
Pedestrians pass the glass entrance of Apple Fifth Avenue in Manhattan. / EconoTimes.ai

Apple Inc. common stock is the contract’s reference asset, and Binance lists the derivative for trading throughout the week.

The exchange's April 2, 2026, announcement set the opening time at 9:50 a.m. EDT (13:50 UTC) and named Tether (USDT) as the settlement asset. The contract references Apple Inc. common stock and is available 24 hours a day, seven days a week.

Binance set a 2% ceiling and a -2% floor for the funding rate. It said the eight-hour interval would remain in place even if either limit were reached.

EconoTimes previously recorded a $345.83 quote for AAPLUSDT in an Oct. 31 snapshot of the contract.

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