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What is RAYSOL?

RAYSOL is RAY/SOL, it refers to the trading code for Raydium (RAY) on the Binance Futures market. Raydium is a decentralized exchange (DEX) and liquidity provider platform built on the Solana blockchain. It aims to leverage Solana's high-speed and low-cost advantages to provide users with an efficient trading experience. Through integration with the Serum decentralized order book, Raydium achieves fast trade execution and strong liquidity support.

RAYSOLUSDT Perpetual Contract Details

The RAYSOLUSDT perpetual contract was officially launched on Binance Futures on December 10, 2024, at 12:00 (UTC). The underlying asset of this contract is Raydium (RAY), and the settlement asset is USDT. The contract offers leverage of up to 75x, allowing traders to participate in RAYSOL trading with less capital, while also acknowledging the amplified risk.

A "perpetual contract" is a futures contract without an expiration date, allowing users to hold positions long-term without periodic settlement. The RAYSOL contract address is: 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R.

Advantages of the RAYSOLUSDT Perpetual Contract

  • High Leverage Trading: 75x leverage provides traders with greater capital efficiency and amplified profit potential.
  • Perpetual Contract Feature: No expiration date, facilitating long-term holding and flexible trading.
  • Solana Ecosystem Support: Backed by the Solana blockchain, enjoying fast and low-fee trading.
  • Binance Platform: Trading on a world-leading exchange, ensuring greater liquidity and security.

Funding Rate and Multi-Asset Mode

Binance Futures' perpetual contracts introduce a funding rate mechanism to balance long and short positions, ensuring that market prices converge reasonably with spot prices. The maximum funding rate for the RAYSOLUSDT perpetual contract is +2.00% / -2.00%, and settlement occurs every four hours.

Furthermore, Binance supports Multi-Asset Mode. This means that users can use other assets such as BTC as trading margin to trade the RAYSOLUSDT perpetual contract.

Risk Warning

Binance Futures may adjust the parameters of the RAYSOLUSDT contract based on market risk conditions, including the funding rate, tick size, maximum leverage, initial margin, and/or maintenance margin requirements. Therefore, investors should pay close attention to market dynamics and trade cautiously. Futures trading involves high risk; please invest only after fully understanding the risks.