The chain binder includes a main tube and two links separately screwed to the main tube. A U-shaped seat has two parallel side plates and a hollow portion and is pivoted by the main tube. A gear is fastened to the main tube and received in the hollow portion. A claw with two pairs of claw teeth and handle teeth is rotatably disposed between the two side plates. The claw and the gear compose a ratchet mechanism. A claw positioner is disposed on seat and is selectably inserted into a positioning hole of the claw. A lever set is rotatably and elastically connected to a U-shaped frame attached on the seat. The lever set will be rotatable when it is pulled out.