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About futures

Differences Between a Perpetual Contract and a Traditional Futures Contract

  • 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.

Trading Rules

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
200
15%
DODOUSDT Perpetual
0.1 DODO
0.001 USDT
15%
15%
100000 DODO
200
15%
REEFUSDT Perpetual
1 REEF
0.000001 USDT
15%
15%
3000000 REEF
200
15%
RVNUSDT Perpetual
1 RVN
0.00001 USDT
15%
15%
300000 RVN
200
15%
SFPUSDT Perpetual
1 SFP
0.0001 USDT
15%
15%
100000 SFP
200
15%
XEMUSDT Perpetual
1 XEM
0.0001 USDT
15%
15%
200000 XEM
200
15%
BTCSTUSDT USDT
0.1 BTCST
0.001 USDT
15%
15%
1000 BTCST
200
15%
COTIUSDT Perpetual
1 COTI
0.00001 USDT
15%
15%
500000 COTI
200
15%
CHRUSDT Perpetual
1 CHR
0.0001 USDT
15%
15%
200000 CHR
200
15%
MANAUSDT Perpetual
1 MANA
0.0001 USDT
15%
15%
100000 MANA
200
15%
ALICEUSDT Perpetual
0.1 ALICE
0.001 USDT
15%
15%
10000 ALICE
200
15%
BTCUSDT 0625
0.001 BTC
0.1 USDT
15%
15%
10 BTC
200
15%
ETHUSDT 0625
0.001 ETH
0.01 USDT
15%
15%
100 ETH
200
15%
Symbol
Min. Trade
Min. Price Movement
Order Cap
Order Floor
Max. Order Qty
Max. Order
Price Protection
Min. Value
BTCUSDT Perpetual
0.001 BTC
0.01 USDT
15%
15%
1000 BTC
200
5%
5 USDT
ETHUSDT Perpetual
0.001 ETH
0.01 USDT
15%
15%
10000 ETH
200
5%
5 USDT
BCHUSDT Perpetual
0.001 BCH
0.01 USDT
15%
15%
1000 BCH
200
5%
5 USDT
XRPUSDT Perpetual
0.1 XRP
0.0001 USDT
15%
15%
1000000 XRP
200
5%
5 USDT
EOSUSDT Perpetual
0.1 EOS
0.001 USDT
15%
15%
200000 EOS
200
5%
5 USDT
LTCUSDT Perpetual
0.001 LTC
0.01 USDT
15%
15%
10000 LTC
200
5%
5 USDT
TRXUSDT Perpetual
1 TRX
0.00001 USDT
15%
15%
10000000 TRX
200
5%
5 USDT
ETCUSDT Perpetual
0.01 ETC
0.001 USDT
15%
15%
100000 ETC
200
5%
5 USDT
LINKUSDT Perpetual
0.01 LINK
0.001 USDT
15%
15%
100000 LINK
200
5%
5 USDT
XLMUSDT Perpetual
1 XLM
0.00001 USDT
15%
15%
1000000 XLM
200
5%
5 USDT
ADAUSDT Perpetual
1 ADA
0.00001 USDT
15%
15%
10000000 ADA
200
5%
5 USDT
XMRUSDT Perpetual
0.001 XMR
0.01 USDT
15%
15%
10000 XMR
200
5%
5 USDT
DASHUSDT Perpetual
0.001 DASH
0.01 USDT
15%
15%
3000 DASH
200
15%
5 USDT
ZECUSDT Perpetual
0.001 ZEC
0.01 USDT
15%
15%
10000 ZEC
200
15%
5 USDT
XTZUSDT Perpetual
0.1 XTZ
0.001 USDT
15%
15%
600000 XTZ
200
5%
5 USDT
BNBUSDT Perpetual
0.01 BNB
0.001 USDT
15%
15%
20000 BNB
200
5%
5 USDT
ATOMUSDT Perpetual
0.01 ATOM
0.001 USDT
15%
15%
100000 ATOM
200
15%
5 USDT
ONTUSDT Perpetual
0.1 ONT
0.0001 USDT
15%
15%
500000 ONT
200
15%
5 USDT
IOTAUSDT Perpetual
0.1 IOTA
0.0001 USDT
15%
15%
200000 IOTA
200
15%
5 USDT
BATUSDT Perpetual
0.1 BAT
0.0001 USDT
15%
15%
1000000 BAT
200
15%
5 USDT
VETUSDT Perpetual
1 VET
0.000001 USDT
15%
15%
10000000 VET
200
15%
5 USDT
NEOUSDT Perpetual
0.01 NEO
0.001 USDT
15%
15%
20000 NEO
200
15%
5 USDT
QTUMUSDT Perpetual
0.1 QTUM
0.001 USDT
15%
15%
100000 QTUM
200
15%
5 USDT
IOSTUSDT Perpetual
1 IOST
0.000001 USDT
15%
15%
10000000 IOST
200
15%
5 USDT
THETAUSDT Perpetual
0.1 THETA
0.0001 USDT
15%
15%
400000 THETA
200
15%
5 USDT
ALGOUSDT Perpetual
0.1 ALGO
0.0001 USDT
15%
15%
1000000 ALGO
200
15%
5 USDT
ZILUSDT Perpetual
1 ZIL
0.00001 USDT
15%
15%
5000000 ZIL
200
15%
5 USDT
KNCUSDT Perpetual
1 KNC
0.00001 USDT
15%
15%
300000 KNC
200
15%
5 USDT
ZRXUSDT Perpetual
0.1 ZRX
0.0001 USDT
15%
15%
500000 ZRX