Risk disclaimer

Site informationUpdated 2026-08-29By Ivo Renner

This page is not a formality. It is the shortest honest description of the failure modes of the product this site documents. If any single item below is new to you, you are not ready to trade one of these contracts.

1. Leverage can take more than you expect to lose

A TradFi perpetual is a leveraged derivative. Binance has assigned maximum leverage between 5× and 25× across the roster, and the number displayed at the top of the ladder applies only to the smallest position bracket.

The arithmetic is unforgiving in a way that people consistently underestimate. At 25×, a 4% adverse move in the mark price is the whole of your margin. Equity underlyings move 4% on an earnings miss regularly, and these contracts trade twenty-four hours a day, including while the underlying market is closed and while you are asleep. Positions are liquidated automatically when maintenance margin is breached, at whatever price the engine can achieve, without asking you first and without waiting for a level you had in mind.

Two further points that get lost:

• Liquidation is not a stop-loss. It is a forced close at market, in conditions that are by definition bad, and it may be worse than the theoretical liquidation price. In cross margin, the loss reaches your whole futures balance, not just the amount you mentally assigned to the trade.
• Losses are not necessarily capped at your margin. Depending on margin mode and market conditions, a position can end up costing more than the amount you allocated to it. Do not assume the worst case is "the trade goes to zero".

Leveraged derivatives are not suitable for most people. The fact that the minimum notional is 5 USDT does not make the mechanics gentler; liquidation works identically on a 5 USDT position and a 50,000 USDT one.

2. These are not shares

What follows from that, concretely:

• No dividend is ever paid into your account. Binance maintains a separate dividend methodology for how equity perpetual index prices account for distributions; that is not the same as receiving one.
• No shareholder rights, no vote, no proxy, no claim on assets in an insolvency of the issuer.
• No investor-protection scheme that applies to holding securities through a regulated broker applies to a position in a perpetual contract on a crypto exchange.
• The contract price can and does diverge from the underlying. The perpetual is tethered to its index only by funding, which settles three times a day and is capped at ±2.00% per settlement. That is a weak tether, especially when the underlying market is shut.

Corporate actions do not behave the way a shareholder would expect either. Binance states it "will announce separate market notices on how to manage the events" for splits and mergers — meaning the treatment of your position is determined by a notice published at the time, not by a rule you can read in advance. See the corporate actions guide.

3. Availability is regional, and it is not our call

Every Binance launch announcement for these contracts carries the same line:

Products and services referred to here may not be available in your region.

Binance TradFi perpetual contract launch announcements

Separately, Binance's FAQ on perpetual futures on traditional assets notes restrictions affecting users in the European Economic Area, arising from the MiCA regime's treatment of unauthorised stablecoins. Since these contracts are margined and settled exclusively in USDT, that restriction bears directly on the product rather than on some peripheral feature of it.

A contract appearing on our board tells you Binance announced it. It tells you nothing about whether you may trade it. Eligibility is determined by your account's jurisdiction and by Binance, and it can change. Check the rules that apply where you actually live. Leveraged derivatives on equities are restricted or prohibited for retail clients in a number of jurisdictions, and using an offshore venue does not change your obligations under your own country's law or your own tax position.

4. This site publishes information, not advice

Nothing on TradFi Desk is investment advice, a personal recommendation, a solicitation, or an offer to buy or sell anything. Nothing here is tailored to anyone, because we have no way to tailor it: we do not know who you are.

We do not know your income, your net worth, your existing exposures, your tax position, your dependants, your time horizon, your experience with derivatives or your capacity to absorb a total loss. Suitability is a function of all of those, and none of them are visible from here. When you read that a contract is capped at 25×, that is a specification. It is not a suggestion that anyone should use 25×, and it is certainly not a suggestion that you should.

If you need advice, get it from someone regulated to give it in your jurisdiction, who is obliged to ask you those questions first.

5. The data here is a dated snapshot and may be wrong

The roster on this site was assembled by hand from Binance's launch announcements, not from a live feed. The consequences are specific:

• It goes stale. Binance listed a new batch roughly every two weeks through 2026. The verification date in the top bar is the date the table was last checked. Everything after it is missing.
• Leverage figures are launch-day values. Binance revises leverage and margin tiers after listing, sometimes within weeks. The number on our board may not be the number on your screen.
• It can simply contain errors. Hand-assembled data does. Four symbols are excluded as unverified rather than guessed at, and one batch is flagged because its permalink could not be captured. Those are the gaps we know about; there may be gaps we do not.
• Mechanics are read from documentation, not from a live account. We have never verified any of this by trading it. For current mark-price deviation constraints we use Binance's TradFi FAQ, updated 18 August 2026: equities ±5% in regular, extended and overnight sessions and ±3% on weekends and holidays.
• The product is still being re-specified. We opened the mark-price announcement effective 31 August 2026 during our 11 September review. It kept the median and changed Price 2's moving-average basis from 30 seconds to one minute; descriptions written before it may be stale.

6. The calculators are approximations

The five calculators on this site are arithmetic aids that run in your browser. They are not connected to Binance, they have no access to your account, and they do not read live prices, live funding rates or your actual margin tier.

Each one applies a simplified public formula to numbers that you type in. Real outcomes depend on your leverage bracket, your maintenance margin rate, your margin mode, your fee tier, the mark price rather than the last traded price, and the liquidity available at the moment a position is closed — several of which we cannot see and one of which (your fee rate) we deliberately do not guess at.

These outputs are explicitly not Binance's own figures. A liquidation price estimated here is an estimate. Before risking anything on it, check the number Binance itself shows against the open position, and treat any difference as evidence that our simplification does not fit your case.

7. No warranty

Everything on this site is provided "as is", without warranty of any kind, express or implied — including as to accuracy, completeness, timeliness, merchantability or fitness for any particular purpose. We do not warrant that the site will be available, that it is free of errors, or that anything on it is current.

To the fullest extent permitted by law, TradFi Desk accepts no liability for any loss or damage (including trading losses, lost profits and consequential loss) arising from any use of, or reliance on, anything published here. You are responsible for your own trading decisions and for verifying anything before you act on it.

Links to Binance and other third parties are provided for reference. We do not control those sites and are not responsible for their content, their availability or their terms.

8. Check your own jurisdiction

This is the item most readers skip, and it is the one with legal consequences rather than merely financial ones.

The rules governing leveraged derivatives on equities differ enormously between countries. Some jurisdictions cap retail leverage far below 25×. Some prohibit these products for retail clients altogether. Some restrict the marketing of them. Some impose reporting or tax obligations on gains realised offshore, and derivative gains are often treated differently from capital gains on shares. USDT itself is regulated differently from one place to the next, which is what the EEA restriction in Binance's FAQ turns on.

None of that is determined by Binance, and none of it is determined by us. Find out what applies where you are tax-resident before you open a position, not afterwards.

Questions about anything on this page: vozeso@vozeso.com. We cannot advise you on whether to trade, and we will not try.