Perpetual Trading
Trade USDT-margined and ALTCOIN-margined perpetual contracts with no expiration and leverage.
Last updated
Trade USDT-margined and ALTCOIN-margined perpetual contracts with no expiration and leverage.
Last updated
If your account is new, tap on [Enable trading] to start trading.
Select the Trading Pair. Tap on [All Markets]. 1.2 Select [USDⓈ-M] for USDT-margined perpetual contracts 1.3 Select [ALTCOIN-M] for ALTCOIN-margined perpetual contracts
Last price and Mark price. Last price: This is the last traded price of the contract, which may differ from the mark price. It reflects the most recent transaction on the exchange. Mark price: The mark price is used to settle profits and losses and trigger forced liquidation. The mark price may deviate from the latest market price to prevent losses due to market manipulation.
Funding Rate, Countdown, and Next Funding Funding Rate: The funding rate that long and short positions must exchange at the next funding rate interval. If the rate is positive, long positions pay short positions. If the rate is negative, short positions pay long positions. Countdown: The countdown shows the time remaining until the next funding occurs.
Trading volume of the trading pair in the past 24 hours.
Deposit or Withdraw. Displays the USDT balance of your USDT-margined account or your ALTCOIN balance of your ALTCOIN-margined account.
Open / Close Order section with Limit, Market & Trigger Order Type. Cross & Isolated Mode available with leverage options.
Positions on Perpetual Contracts refer to the traders' open trades, representing their market outlook. A position indicates whether the trader expects the underlying asset's price to rise or fall. In Perpetual Trading, Positions are classified as Long or Short, and they remain open until the trader chooses to close them or they are liquidated due to insufficient margin.
Open Orders on perpetual contracts are buy or sell orders that have been placed on the exchange but have not yet been executed or filled. These orders are essentially waiting to be matched with a corresponding counterparty at the desired price.
Trigger Orders and Stop Limit Orders are advanced order types used in trading to help manage risk and automate trading strategies. These orders activate when a specified price level, known as the trigger price, is reached. Once this trigger price is hit, the order executes as a market or limit order, based on the user's configuration.
This is a record of all the orders the user has placed, whether they’ve been filled, partially filled, or are still open or expired.
Trigger Order History is a record of all trigger orders placed by the user —orders that are set to execute once a specific trigger price is reached.
This is a record of all completed trades that have taken place, showcasing the actual transactions. A single order may be divided into multiple trades to fully execute it.
Position History is a record of all Open and Closed positions that a user has held in their trading account. It provides detailed information about the user's trading activities related to specific contracts.
With cross margin, all your open positions using the same asset share the same pool of funds. If one of your positions faces liquidation, your entire balance and any other open positions using that asset may be lost.
If you’re trading BTC-USDT or ETH-USDT, all your positions that use USDT share the same pool of funds. If one of your positions is liquidated, your entire USDT balance and any open positions across both BTC-USDT and ETH-USDT could be lost.
Advantages
Increased Leverage: Use your entire balance to support larger positions.
Reduced Liquidation Risk: Profits from one trade can cover losses in others.
Disadvantages
Higher Risk: If one position is liquidated, it can affect all positions using the same margin.
Less Control: All positions rely on the same pool of funds.
With isolated margin, you can manage your risk by setting a specific amount of margin for each position. If the margin for a position reaches 100%, it will be liquidated. You can also add or remove margin from your positions as needed.
For example, if you allocate 100 USDT for your BTC-USDT position and 50 USDT for your ETH-USDT position, only those amounts are at risk.
If the margin for your BTC-USDT position reaches 100%, that position will be liquidated, but your ETH-USDT position and its margin will remain safe. You can also add or remove USDT margin from each position whenever you need.
Advantages:
Limited Leverage: Less capital available for larger positions.
Quick Liquidation Risk: If the margin reaches 100%, that position is liquidated immediately.
Disadvantages:
Controlled Risk: Limit margin for each position, protecting your overall balance.
Individual Management: Each position is separate, allowing for targeted risk control.
While leverage can increase your gains, it also increases your risk, so it's important to use it carefully.
Leverage allows you to control a larger position in the market with a smaller amount of your capital.
For example, if you use 10x leverage, you can trade with $1,000 by only putting down $100 of your own money. This amplifies both potential profits and potential losses.
The Leverage cannot be changed if you have an open order/position.
USDT-margined maximum leverage: 20 ALTCOIN-margined maximum leverage: 20 *Maximum Leverage may be adjusted in the future.
Choose USDT-Margined Contracts or Alt-coin Margined Contracts.
For USDT-Margined contracts, USDT is the collateral used for the placed order.
For ALTCOIN-Margined contracts, the specific ALTCOIN is used as collateral for the placed order.
Choose Order Type
An Open Order starts a new trade by buying or selling.
A Close Order ends a trade by closing an existing position.
Choose Cross or Isolated Margin Mode and set the leverage.
Choose between Limit Order, Market Order, or Trigger Order.
Limit Order is an order to buy or sell an asset at a specific price or better. It gives you control over the price but may not execute if the market doesn't reach your desired level.
Market Order is an order to buy or sell an asset immediately at the best available current price. When you place a market order, you're prioritizing speed of execution over the price, meaning the order will fill as quickly as possible at whatever the current market price is, rather than waiting for a specific price
Trigger Order is a type of order that becomes active only when the market reaches a specified price, known as the trigger price. Unlike a regular market or limit order, the trigger order remains dormant until the market price hits the set trigger. Once this happens, the trigger order automatically converts into a market or limit order and executes based on the current market conditions.
Advanced Limit Orders
PO (Post Only): This ensures the order is placed as a Maker order and will not immediately execute against existing orders in the market. If the order matches an existing one, it will be canceled.
IOC (Immediate or Cancel): If an order is set to "Immediate or Cancel," any portion of the order that is not immediately filled will be canceled.
FOK (Fill or Kill): The order must be filled otherwise, it will be canceled immediately.
Choose your Trade Action.
Open Long: When you buy an asset because you expect its price to go up. You’re opening a position to sell it later at a higher price.
Open Short: When you sell an asset you don’t own (borrowing it) because you expect its price to go down. You plan to buy it back later at a lower price to profit from the difference.
Close Long: When you sell the asset you bought in a long position, effectively exiting the trade and locking in profits or losses.
Close Short: When you buy back the asset you sold in a short position, closing the trade and settling your profits or losses.
Approve and confirm the trade.
Your order will first show up under [Open Orders]. After it is filled, it will move to the Positions tab. For trigger or stop limit orders, once the trigger condition is met, an order will be placed and appear under Open Orders.
TP/SL enables you to set automatic price levels to secure profits (Take Profit) and limit losses (Stop Loss).
Take Profit: Automatically closes your position to secure profits when the price reaches a specified level. Stop Loss: Automatically closes your position to limit losses when the price hits a specified level.
In the basic TP/SL mode, the system automatically places a Market Order according to the Take Profit Trigger price and Stop Loss Trigger price.
If the user sets a Market Order to Take Profit and Stop Loss, once the condition is triggered, the system will send the order to the market at the current market price, facilitating quick execution. Market TP/SL can execute immediately but does not guarantee the execution price. This approach is suitable for smaller positions or markets with excellent liquidity.
The "Take Profit and Stop Loss" advanced mode includes both Limit take TP/SL and Market TP/SL orders. When the latest market price reaches the trigger price, the system automatically places an order according to the user’s pre-set price.
If the user sets a limit order for Take Profit and Stop Loss, once the TP/SL condition is triggered, the system will send the order to the market as a limit order. Limit TP/SL can secure better prices but do not guarantee execution. This approach is suitable for larger positions or markets with insufficient liquidity.
For Long positions:
The Take Profit trigger price must be set higher than the latest price.
The Stop Loss trigger price must be greater than the liquidation price and less than the current latest price.
For Short positions:
The Take Profit trigger price must be set lower than the latest price.
The Stop Loss trigger price must be greater than the current latest price and less than the liquidation price.
Check the box to enable TP/SL.
Enter the target price for TP and/or SL Trigger. A TP/SL Trigger order will be placed, and when the price reaches the Trigger price, a Market order will be executed.
Use [Advanced] for more complex TP/SL strategies. You can set the Trigger Price to activate and place a limit order. TP Limit Order Trigger example: If you hold a long position in Bitcoin at $60,000 and want to take profit if the price reaches $64,000, but you prefer to sell at a limit price of $63,500 to secure some profit. You would set a Trigger Price at $64,000. When Bitcoin hits that price, a limit order to sell at $63,500 will be placed. If the price rises to $64,000 and then dips before reaching $63,500, your order will execute at your limit price, ensuring you don’t sell for less than your desired target. SL Limit Order Trigger example: If you have opened a short position in Bitcoin at $64,000 and want to limit your losses if the price rises to $66,000. You can set a Trigger Price at $66,000. When Bitcoin reaches that price, a limit order will be placed to buy back at $66,500. This way, if the price rises to $66,000, your order will trigger, and you’ll buy back at $66,500 to close your position, helping to minimize your losses while ensuring you don’t buy back at a price higher than your target limit.
Note:
A position can only have one TP and one SL order at most. The system will use the most recently submitted parameters to set the TP/SL, and any existing historical orders will be canceled.
When the TP/SL is triggered, it will default to executing 100% of the user’s current available closing quantity. If there are already other closing orders and no available positions to Take Profit or Stop Loss, the execution will fail.
Take Profit and Stop Loss orders are essentially conditional orders, with a default validity period of 14 days. If the period exceeds this timeframe, the order will automatically expire and become invalid. The validity period can be adjusted in settings.
1. Market Close:
Market Order (full position) When using this Market Order to close your positions, it will close your entire position at the best available market price.
2. Limit Close:
To cancel an Open Order or Trigger Order, simply tap the [Cancel] button in the corresponding tab.
If you need to cancel all orders quickly, tap the [Cancel All] button.
Limit Order For Limit Order closing, you need to specify the closing price and quantity.
Market Order (specify quantity) For this Market Order, you need to specify the quantity for closing.
