Is Binding Grasp legal in Standard, Modern, and Commander?

Binding Grasp is legal in: Legacy, Vintage, Commander.

Binding Grasp

Q: What type of card is Binding Grasp?

Binding Grasp is an Enchantment — Aura. Its oracle text reads: "Enchant creatureAt the beginning of your upkeep, sacrifice Binding Grasp unless you pay {1}{U}.You control enchanted creature.Enchanted creature gets +0/+1."

Enchantment — Aura

Enchant creature<br>At the beginning of your upkeep, sacrifice Binding Grasp unless you pay .<br>You control enchanted creature.<br>Enchanted creature gets +0/+1.