Binance Futures Lists SHEIN Quanto Perpetual Contract Based on HKEX-Listed Stock
Binance Futures launched a USDT-settled quanto perpetual contract tracking SHEIN Global Holdings (HKEX: 0625), offering up to 20x leverage. The contract uses a unique pricing mechanism tied to the Hong Kong stock exchange.
Binance Futures listed a USDT-margined quanto perpetual contract on SHEIN Global Holdings Limited (HKEX: 0625) on September 1, 2026. SHEIN Global Holdings runs a global fashion e-commerce platform.
Contract specifications
| Parameter | Value |
|---|---|
| Underlying | SHEIN Global Holdings (HKEX: 0625) |
| Contract type | USDT-Margined Quanto Perpetual |
| Tick size | 0.01 |
| Minimum notional | 5 USDT |
| Maximum leverage | 20x |
| Funding rate cap | ±1.00% |
| Funding settlement | Every 4 hours |
How the quanto structure works
SHEIN shares trade in Hong Kong dollars on HKEX, but this contract calculates and settles profit and loss in USDT. Binance uses a fixed conversion rate, so traders have no direct exposure to the HKD exchange rate.
The contract is under the TradFi tab in Binance Futures and supports cross and isolated margin modes and stop-loss orders.
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