# Binance’s OpenAI Contract Quote Is Not an Actual Share Price

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/53834
Published: 2026-11-11T10:47:12.000Z
Updated: 2026-11-11T10:47:12.000Z
Section: Investing

> The USDT-settled contract uses an estimated share count for information only. Binance does not endorse a valuation inferred from its quote.

Binance’s OPENAIUSDT perpetual contract uses an estimated share count for reference, but its quote is not an OpenAI share price and does not represent a valuation endorsed by Binance.

Binance lists OpenAI Group PBC as the underlying equity for the USDT-settled pre-IPO contract. The contract lists an estimated share count of 1 billion for informational purposes only. Binance announced trading would start May 26 at 8:30 a.m. ET (12:30 UTC).

OpenAI closed a funding round on March 31 with $122 billion in committed capital at an $852 billion post-money valuation. OpenAI was generating $2 billion in revenue per month at that time. That March figure does not establish OpenAI’s revenue in November.

Binance sets the contract’s funding rate at 0.005% per funding interval because no premium index is available. The rate is a contract setting, rather than evidence of traders’ market positioning.