Perpetual Contract User Guide
Last updated
Last updated
Click "Futures" on the homepage and then "USDⓈM-Futures" to enter the Contract Trading page.
After logging in, you'll see:
Contract information
Order placement area
Order book and trade history
Position overview
Depth chart
A quick info panel (bottom left) with contract details, index prices, and FAQs for easy access.
Select the trading pair in the trade pair switching area. Mainly includes USDT contracts, currency-based contracts, and mixed contract trading.
If your contract account lacks funds, transfer from your spot account.
If your spot account is also empty, you can deposit funds or purchase via fiat methods.
Leverage
Adjustable up to 125 times depending on the position size and risk limits.
Margin Modes
Cross Margin (Full Position):
Uses your total available balance as margin.
Profits from other positions may support losing ones.
Default setting.
Isolated Margin (Restricted Position):
Uses only the initial margin set for the position.
Limits your loss to the margin assigned to that trade.
Best for high-leverage or short-term trades.
Order Types
Limit Order: Sets a specific price. It may not fill immediately if the price is far from the market price.
Market Order: Executes instantly at the best market price. Good for quick entries/exits.
Conditional Order (Trigger Order): Triggers when a preset price is reached. Useful for setting Take Profit or Stop Loss levels.
Advanced Order Types:
Post Only (PO): Ensures you're always the maker. Cancels if it matches immediately.
Immediate or Cancel (IOC): Fills as much as possible instantly; cancels the rest.
Fill or Kill (FOK): Must be filled completely at once or canceled entirely.
Buy Long: Expecting the price to rise. Buy now, sell higher later.
Sell Short: Expecting the price to fall. Sell now, buy back at a lower price.
Opening Cost Calculation:
Opening Cost = (Order Price × Quantity) / Leverage
After an order fills, it becomes an open position. The platform displays:
Position Size: Quantity of contracts held
Cost Price: Average entry price (updated if you add to the position)
Mark Price: System-calculated fair price to avoid unfair liquidations
Mark Price is used instead of the last traded price to calculate unrealized profit/loss and determine liquidation risk.
Liquidation Price: If the mark price reaches this level, the system will automatically close the position.
Margin: Required Margin = Position Value / Leverage
Initial Margin: Minimum required to open a position
Maintenance Margin: Minimum needed to keep a position open
Profit and Loss (PnL):
Real-time updates based on the difference between cost price and mark price
Yield = Profit or Loss / Margin
Limit Close: Specify your exit price and the quantity you wish to sell.
Market Close: Specify quantity; the order is filled at market price.
You can assign TP/SL to each position:
Take Profit: If the latest price is equal to or above the trigger price, a closing order is submitted.
Stop Loss: If the latest price is equal to or below the trigger price, a closing order is submitted.
One-Way Mode: Only one direction (long or short) is allowed per symbol.
Two-Way Mode: You can hold both long and short positions at the same time on the same symbol.
Enable or disable the pop-up confirmation box for placing orders.
Allows you to customize the display of the number of contracts on the trading interface.
Margin is limited to that individual position.
You can manually adjust the margin.
Adjusting Margin:
Maximum Reduction = Total equity for the position - Initial margin (or 0, whichever is higher)
Maximum Increase = Available balance
All available funds in the account act as shared margin.
You cannot adjust the margin manually.
Liquidation is triggered if the overall account balance can't meet maintenance requirements.
You cannot switch between Cross and Isolated margin modes while holding positions or having active orders.
