What Are Bitunix Coin-Margined Perpetual Futures?
Bitunix Coin-Margined Perpetual Futures (Coin-M Perpetual Contracts) are crypto derivatives that are margined and settled in cryptocurrency, not in USDT.
This means you use assets such as BTC or ETH as collateral, and your PnL and settlement are also denominated in the same crypto.
Compared with USDT-M Perpetual Futures:
- No USDT is required for margin or settlement.
- No expiry or delivery date: positions can remain open as long as margin requirements are met.
- A funding rate mechanism helps keep the perpetual price aligned with the spot market.
How to Trade Bitunix Coin-M Perpetual Futures
Start Trading
- Go to Futures, then switch to Coin-M Futures.
- Select a trading pair (for example, BTCUSD).
- Tap Open Position, then choose Long or Short.
Choose an Order Type
- Market Order: Executes immediately at the best available market price.
- Limit Order: Executes only at your selected price or better.
- Trigger / TP/SL Order: Places or executes an order automatically when the trigger conditions are met.
Set Your Leverage
- Leverage ranges from 1x up to 125x (varies by trading pair).
- Higher leverage can increase potential returns, but it also significantly increases liquidation risk.
View Positions and Orders
- Check open positions, unrealized PnL, and margin status under Positions.
- Review past trades and records under Order History.
Notes
- Coin-M contracts are margined and settled in cryptocurrency, so changes in the underlying coin price can directly affect the value of your collateral and PnL.
- Before trading, review the contract details, including the funding rate, leverage limits, initial margin, and maintenance margin requirements.
- If your margin level falls below the maintenance requirement due to price volatility, the system may trigger liquidation.
- Use TP/SL features and appropriate leverage to manage risk more effectively.
- Maintain sufficient margin in your futures account and monitor funding rate changes regularly.
Risk Disclaimer
Perpetual futures are high-risk products. Market volatility can result in rapid losses, including losses that exceed your initial margin in extreme conditions.
Please understand the key risks before trading:
- Leverage risk: Leverage amplifies both gains and losses.
- Market volatility risk: Crypto prices can move sharply in a short period of time.
- Execution risk: Fast markets may lead to slippage, delayed execution, or partial fills.
- Funding risk: Holding positions may result in funding payments, depending on the funding rate.
Bitunix strongly recommends assessing your risk tolerance, using leverage cautiously, and applying disciplined risk management.