About futures
- Mark Price: To avoid market manipulations and to ensure that the Perpetual Contract is price-matched to the Spot Price, we utilize Mark Price to calculate unrealized Profit and Loss for all traders.
- Initial and Maintenance Margin: Traders should be extremely familiar with both Initial and Maintenance Margin levels, in particular, the Maintenance Margin, where auto-liquidation will occur. It is strongly recommended that traders liquidate their positions above the Maintenance Margin to avoid higher fees from auto-liquidations.
- Funding: Payments between all longs and shorts in the Perpetual Futures Market. The Funding Rate determines which party is the payer and the payee. If the rate is positive, longs pay short; If negative, shorts pay longs.
- Risk: Unlike Spot Markets, Futures Markets allow traders to place large orders that are not fully covered by their initial collateral. This is known as ‘margin trading.’ As markets have become more technologically advanced, the amount of available margin has increased.
In order to ensure long-term convergence between the Perpetual Contract and the Mark Price, we use Funding. There are several key concepts that traders should be aware of in a Perpetual Contract:
The Perpetual Contract is an attempt to take advantage of a Futures Contract - specifically, the non-delivery of the actual commodity - while mimicking the behavior of the Spot market in order to reduce the price gap between the Futures Price and the Mark Price. This is a marked improvement compared to the traditional Futures Contract, which can have prolonged or even permanent differences versus the Spot Price.
As this gap widens, the contract’s carrying costs increase, the potential future price becomes more uncertain, and the potential price gap between the Spot and traditional Futures markets grows larger.
As such, someone is physically holding the wheat, which results in ‘carrying costs’ for the contract. Additionally, the price for wheat may differ depending on how far apart the current time and the future settlement time for the contract is.
Consider a Futures Contract for a physical commodity, like wheat (or gold), as an example. In traditional futures markets, these contracts are marked for delivery of the wheat - in other words, the wheat should be delivered according to the contract when the futures contract expires.
A Perpetual Contract is similar to a traditional Futures Contract, but the key difference is: There is no expiration or settlement of Perpetual Contracts.
Symbol | Min. Trade | Min. Price Movement | Order Cap | Order Floor | Max. Order Qty | Max. Order | Price Protection |
BTCUSDT Perpetual | 0.001 BTC | 0.01 USDT | 15% | 15% | 1000 BTC | 200 | 5% |
ETHUSDT Perpetual | 0.001 ETH | 0.01 USDT | 15% | 15% | 10000 ETH | 200 | 5% |
BCHUSDT Perpetual | 0.001 BCH | 0.01 USDT | 15% | 15% | 1000 BCH | 200 | 5% |
XRPUSDT Perpetual | 0.1 XRP | 0.0001 USDT | 15% | 15% | 1000000 XRP | 200 | 5% |
EOSUSDT Perpetual | 0.1 EOS | 0.001 USDT | 15% | 15% | 200000 EOS | 200 | 5% |
LTCUSDT Perpetual | 0.001 LTC | 0.01 USDT | 15% | 15% | 10000 LTC | 200 | 5% |
TRXUSDT Perpetual | 1 TRX | 0.00001 USDT | 15% | 15% | 10000000 TRX | 200 | 5% |
ETCUSDT Perpetual | 0.01 ETC | 0.001 USDT | 15% | 15% | 100000 ETC | 200 | 5% |
LINKUSDT Perpetual | 0.01 LINK | 0.001 USDT | 15% | 15% | 100000 LINK | 200 | 5% |
XLMUSDT Perpetual | 1 XLM | 0.00001 USDT | 15% | 15% | 1000000 XLM | 200 | 5% |
ADAUSDT Perpetual | 1 ADA | 0.00001 USDT | 15% | 15% | 10000000 ADA | 200 | 5% |
XMRUSDT Perpetual | 0.001 XMR | 0.01 USDT | 15% | 15% | 10000 XMR | 200 | 5% |
DASHUSDT Perpetual | 0.001 DASH | 0.01 USDT | 15% | 15% | 3000 DASH | 200 | 15% |
ZECUSDT Perpetual | 0.001 ZEC | 0.01 USDT | 15% | 15% | 10000 ZEC | 200 | 15% |
XTZUSDT Perpetual | 0.1 XTZ | 0.001 USDT | 15% | 15% | 600000 XTZ | 200 | 5% |
BNBUSDT Perpetual | 0.01 BNB | 0.001 USDT | 15% | 15% | 20000 BNB | 200 | 5% |
ATOMUSDT Perpetual | 0.01 ATOM | 0.001 USDT | 15% | 15% | 100000 ATOM | 200 | 15% |
ONTUSDT Perpetual | 0.1 ONT | 0.0001 USDT | 15% | 15% | 500000 ONT | 200 | 15% |
IOTAUSDT Perpetual | 0.1 IOTA | 0.0001 USDT | 15% | 15% | 200000 IOTA | 200 | 15% |
BATUSDT Perpetual | 0.1 BAT | 0.0001 USDT | 15% | 15% | 1000000 BAT | 200 | 15% |
VETUSDT Perpetual | 1 VET | 0.000001 USDT | 15% | 15% | 10000000 VET | 200 | 15% |
NEOUSDT Perpetual | 0.01 NEO | 0.001 USDT | 15% | 15% | 20000 NEO | 200 | 15% |
QTUMUSDT Perpetual | 0.1 QTUM | 0.001 USDT | 15% | 15% | 100000 QTUM | 200 | 15% |
IOSTUSDT Perpetual | 1 IOST | 0.000001 USDT | 15% | 15% | 10000000 IOST | 200 | 15% |
THETAUSDT Perpetual | 0.1 THETA | 0.0001 USDT | 15% | 15% | 400000 THETA | 200 | 15% |
ALGOUSDT Perpetual | 0.1 ALGO | 0.0001 USDT | 15% | 15% | 1000000 ALGO | 200 | 15% |
ZILUSDT Perpetual | 1 ZIL | 0.00001 USDT | 15% | 15% | 5000000 ZIL | 200 | 15% |
KNCUSDT Perpetual | 1 KNC | 0.00001 USDT | 15% | 15% | 300000 KNC | 200 | 15% |
ZRXUSDT Perpetual | 0.1 ZRX | 0.0001 USDT | 15% | 15% | 500000 ZRX | 200 | 15% |
COMPUSDT Perpetual | 0.001 COMP | 0.01 USDT | 15% | 15% | 2500 COMP | 200 | 15% |
OMGUSDT Perpetual | 0.1 OMG | 0.0001 USDT | 15% | 15% | 200000 OMG | 200 | 15% |
DOGEUSDT Perpetual | 1 DOGE | 0.000001 USDT | 15% | 15% | 5000000 DOGE | 200 | 15% |
SXPUSDT Perpetual | 0.1 SXP | 0.0001 USDT | 15% | 15% | 500000 SXP | 200 | 15% |
KAVAUSDT Perpetual | 0.1 KAVA | 0.0001 USDT | 15% | 15% | 250000 KAVA | 200 | 15% |
BANDUSDT Perpetual | 0.1 BAND | 0.0001 USDT | 15% | 15% | 100000 BAND | 200 | 15% |
RLCUSDT Perpetual | 0.1 RLC | 0.0001 USDT | 15% | 15% | 300000 RLC | 200 | 15% |
WAVESUSDT Perpetual | 0.1 WAVES | 0.0001 USDT | 15% | 15% | 70000 WAVES | 200 | 15% |
MKRUSDT Perpetual | 0.001 MKR | 0.01 USDT | 15% | 15% | 250 MKR | 200 | 15% |
SNXUSDT Perpetual | 0.1 SNX | 0.001 USDT | 15% | 15% | 40000 SNX | 200 | 15% |
DOTUSDT Perpetual | 0.1 DOT | 0.001 USDT | 15% | 15% | 200000 DOT | 200 | 5% |
DEFIUSDT Perpetual | 0.001 DEFI | 0.1 USDT | 15% | 15% | 300 DEFI | 200 | 15% |
YFIUSDT Perpetual | 0.001 YFI | 0.1 USDT | 15% | 15% | 50 YFI | 200 | 15% |
BALUSDT Perpetual | 0.1 BAL | 0.001 USDT | 15% | 15% | 20000 BAL | 200 | 15% |
CRVUSDT Perpetual | 0.1 CRV | 0.001 USDT | 15% | 15% | 300000 CRV | 200 | 15% |
TRBUSDT Perpetual | 0.1 TRB | 0.001 USDT | 15% | 15% | 15000 TRB | 200 | 15% |
YFIIUSDT Perpetual | 0.001 YFII | 0.1 USDT | 15% | 15% | 100 YFII | 200 | 15% |
RUNEUSDT Perpetual | 1 RUNE | 0.0001 USDT | 15% | 15% | 250000 RUNE | 200 | 15% |
SUSHIUSDT Perpetual | 1 SUSHI | 0.0001 USDT | 15% | 15% | 100000 SUSHI | 200 | 15% |
SRMUSDT Perpetual | 1 SRM | 0.0001 USDT | 15% | 15% | 100000 SRM | 200 | 15% |
BZRXUSDT Perpetual | 1 BZRX | 0.0001 USDT | 15% | 15% | 1000000 BZRX | 200 | 15% |
EGLDUSDT Perpetual | 0.1 EGLD | 0.001 USDT | 15% | 15% | 10000 EGLD | 200 | 15% |
SOLUSDT Perpetual | 1 SOL | 0.0001 USDT | 15% | 15% | 100000 SOL | 200 | 15% |
ICXUSDT Perpetual | 1 ICX | 0.0001 USDT | 15% | 15% | 300000 ICX | 200 | 15% |
STORJUSDT Perpetual | 1 STORJ | 0.0001 USDT | 15% | 15% | 500000 STORJ | 200 | 15% |
BLZUSDT Perpetual | 1 BLZ | 0.00001 USDT | 15% | 15% | 2000000 BLZ | 200 | 15% |
UNIUSDT Perpetual | 1 UNI | 0.0001 USDT | 15% | 15% | 100000 UNI | 200 | 15% |
AVAXUSDT Perpetual | 1 AVAX | 0.0001 USDT | 15% | 15% | 25000 AVAX | 200 | 15% |
FTMUSDT Perpetual | 1 FTM | 0.000001 USDT | 15% | 15% | 1000000 FTM | 200 | 15% |
HNTUSDT Perpetual | 1 HNT | 0.0001 USDT | 15% | 15% | 75000 HNT | 200 | 15% |
ENJUSDT Perpetual | 1 ENJ | 0.00001 USDT | 15% | 15% | 1000000 ENJ | 200 | 15% |
FLMUSDT Perpetual | 1 FLM | 0.0001 USDT | 15% | 15% | 1000000 FLM | 200 | 15% |
TOMOUSDT Perpetual | 1 TOMO | 0.0001 USDT | 15% | 15% | 300000 TOMO | 200 | 15% |
RENUSDT Perpetual | 1 REN | 0.00001 USDT | 15% | 15% | 500000 REN | 200 | 15% |
KSMUSDT Perpetual | 0.1 KSM | 0.001 USDT | 15% | 15% | 5000 KSM | 200 | 15% |
NEARUSDT Perpetual | 1 NEAR | 0.0001 USDT | 15% | 15% | 250000 NEAR | 200 | 15% |
AAVEUSDT Perpetual | 0.1 AAVE | 0.001 USDT | 15% | 15% | 5000 AAVE | 200 | 15% |
FILUSDT Perpetual | 0.1 FIL | 0.001 USDT | 15% | 15% | 50000 FIL | 200 | 15% |
RSRUSDT Perpetual | 1 RSR | 0.000001 USDT | 15% | 15% | 10000000 RSR | 200 | 15% |
LRCUSDT Perpetual | 1 LRC | 0.00001 USDT | 15% | 15% | 700000 LRC | 200 | 15% |
MATICUSDT Perpetual | 1 MATIC | 0.00001 USDT | 15% | 15% | 5000000 MATIC | 200 | 15% |
OCEANUSDT Perpetual | 1 OCEAN | 0.00001 USDT | 15% | 15% | 200000 OCEAN | 200 | 15% |
CVCUSDT Perpetual | 1 CVC | 0.00001 USDT | 15% | 15% | 1000000 CVC | 200 | 15% |
BELUSDT Perpetual | 1 BEL | 0.00001 USDT | 15% | 15% | 200000 BEL | 200 | 15% |
CTKUSDT Perpetual | 1 CTK | 0.00001 USDT | 15% | 15% | 150000 CTK | 200 | 15% |
AXSUSDT Perpetual | 1 AXS | 0.00001 USDT | 15% | 15% | 200000 AXS | 200 | 15% |
ALPHAUSDT Perpetual | 1 ALPHA | 0.00001 USDT | 15% | 15% | 500000 ALPHA | 200 | 15% |
ZENUSDT Perpetual | 0.1 ZEN | 0.001 USDT | 15% | 15% | 10000 ZEN | 200 | 15% |
SKLUSDT Perpetual | 1 SKL | 0.00001 USDT | 15% | 15% | 1000000 SKL | 200 | 15% |
GRTUSDT Perpetual | 1 GRT | 0.00001 USDT | 15% | 15% | 300000 GRT | 200 | 15% |
1INCHUSDT Perpetual | 1 1INCH | 0.0001 USDT | 15% | 15% | 100000 1INCH | 200 | 15% |
BTCBUSD Perpetual | 0.001 BTC | 0.1 BUSD | 5% | 5% | 20 BTC | 200 | 15% |
AKROUSDT Perpetual | 1 AKRO | 0.00001 USDT | 15% | 15% | 7000000 AKRO | 200 | 15% |
CHZUSDT Perpetual | 1 CHZ | 0.00001 USDT | 15% | 15% | 5000000 CHZ | 200 | 15% |
SANDUSDT Perpetual | 1 SAND | 0.00001 USDT | 15% | 15% | 1000000 SAND | 200 | 15% |
ANKRUSDT Perpetual | 1 ANKR | 0.000001 USDT | 15% | 15% | 5000000 ANKR | 200 | 15% |
LUNAUSDT Perpetual | 1 LUNA | 0.0001 USDT | 15% | 15% | 30000 LUNA | 200 | 15% |
BTSUSDT Perpetual | 1 BTS | 0.00001 USDT | 15% | 15% | 3000000 BTS | 200 | 15% |
BTCUSDT 0326 | 0.001 BTC | 0.1 USDT | 15% | 15% | 10 BTC | 200 | 15% |
ETHUSDT 0326 | 0.001 ETH | 0.01 USDT | 15% | 15% | 100 ETH | 200 | 15% |
LITUSDT Perpetual | 0.1 LIT | 0.001 USDT | 15% | 15% | 20000 LIT | 200 | 15% |
UNFIUSDT Perpetual | 0.1 UNFI | 0.001 USDT | 15% | 15% | 5000 UNFI |