1. What is USDT-M perpetual future trading?
A USDT-margined, or USDT-M perpetual future, is the contract with the same quote currency and settlement currency, making it the easiest one with all contract types. It has the same concept as spot trading, which is also the easiest one of crypto tradings to understand.
2. What is the trading time of the USDT perpetual future?
The USDT perpetual future is a 7*24 -hour non-stop trading market.
3. What are the types of USDT-M perpetual future trading?
There are 2 types of contract trading: Long and Short.
Opening a long position means that users are feeling bullish about the market, and buying a certain amount of contracts. After their order is matched, users will be holding a long position. The position will start to make profit as the index price goes up.
Opening a short position means that users are feeling bearish about the market, and selling a certain amount of contracts. After their order is matched, users will be holding a short position. The position will start to make profit as the index price goes down.
4. What are the types of orders in USDT-M perpetual future trading?
There are 3 types of orders in USDT-M perpetual future trading: limit order, market order, and trigger order. Users can use any of them when they are opening a position or closing a position.
Limit Order: Users need to specify the price and amount of the order, which is similar to limit order of spot trading. The limit order shows the highest price that users are willing to buy or the minimum price they are willing to sell. The order will only be executed when the market price reaches the set price. If the market price does not reach the set price, the limit order will continue to wait for the transaction in the order book
Market Order: Users will only need to specify the amount of the order. The placed order will be matched by the latest price or the best price of the market.
Trigger Order: Users can set the trigger conditions as well as the price and the amount of the order in advance. When the latest market price meets the trigger conditions, the order will be placed with price and quantity set in advance.
5. What are the leverages that Bitunix USDT-M perpetual future trading supports?
The USDT perpetual future trading supports 1x, 2 x, 3x, and even higher leverage. Some trading pairs on Bitunix perpetual futures trading supports 125x.
For example, when trading the BTC/USDT perpetual future with a leverage of 20x, users only need to have 10 USDT as the margin and they can open more/open BTC contract positions with a maximum value of 200 USDT to gain more profits..
Users need to choose their leverage before opening their positions. After opening the position, if there is a position or a pending order, the user cannot switch the current leverage of the contract.
Notice
Only the contracts that are open for trading can change leverage;
If there is a pending order or a trigger order set, the leverage cannot be changed;
If changing the leverage makes the available margin of the account less than 0, the leverage cannot be changed;
If changing the leverage makes the available margin rate is less than or equal to 0, the leverage cannot be changed;
The changing of leverage may not always be successful. It may fail because trading of such pairs is diabled, status, insufficient guarantee assets, network, system, etc.
6. What is a position?
After the users open the position, they will be holding the position under the direction they choose. A position in the same direction will combine together, which means in the same perpetual future such as BTCUSDT, only 2 positions can be held: 1 for long position and 1 for short position.
7. Are there any restrictions on position or order on USDT perpetual futures trading?
Yes. There are restrictions on the amount of the position that one user can hold, as well as the number of orders, the amount of the order for opening or closing positions will be restricted. This is set to prevent users from manipulating the market.