Introduction to Coin-Margined Perpetual Contracts
Coin-margined perpetual contracts allow traders to speculate on cryptocurrency price movements using the underlying asset as collateral. This guide provides step-by-step instructions for executing trades via mobile app.
Key Features:
- Uses native cryptocurrency (e.g., BTC) as margin collateral
- No expiration date
- Supports both long and short positions
Getting Started
1. Account Setup
- Download and install the exchange app
- Log in to your verified account
- Navigate to the "Contracts" section via bottom menu
- Select "Coin-Margined Contracts" at the top
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2. Fund Allocation
Coin-margined contracts require transferring the underlying asset from your spot wallet:
- BTC/USD contracts require BTC collateral
- ETH/USD contracts require ETH collateral
Transfer Methods:
- Trading page transfer button
- "+" menu → Margin Transfer option
- Contract assets page → Individual asset details → Transfer
Trading Mechanics
3. Position Configuration
Adjust these settings before opening positions:
- Units: Choose between contract sheets or native asset values
- Leverage: Modify multiplier (1x-125x) when no active orders exist
4. Order Execution
Two primary order types available:
Limit Orders
- Set custom price and quantity
Advanced options:
- Post only (Maker)
- Fill-or-Kill
- Immediate-or-Cancel
- Supports TP/SL attachments
Trigger Orders
- Executes when market hits specified price
Requires preset:
- Trigger price
- Execution price
- Order quantity
Position Management
5. Active Positions
- View in "Holdings" tab
Available actions:
- Manual close
- TP/SL adjustment
- Flash close (instant execution)
6. Order Tracking
- Monitor unfilled orders under "Current Entrust"
- Review 90-day history via "All" → "Records"
Advanced Features
7. Market Data
Access through "+" menu:
- Liquidation orders
- Contract specifications
- Risk reserve balance
8. Trading Parameters
Find restrictions under:
- Position limits
- Transfer constraints
- Tiered margin requirements
FAQ Section
Q1: How does coin-margined differ from USDT-margined contracts?
A: Coin-margined contracts use the underlying crypto as collateral, exposing traders to collateral value fluctuations. USDT-margined contracts maintain stable collateral value.
Q2: What happens during extreme volatility?
A: The exchange employs a Mark Price system to prevent unfair liquidations. Positions may be auto-deleveraged during market disruptions.
Q3: Can I adjust leverage after opening a position?
A: Yes, provided no pending orders exist for that contract. Navigate to your position details to modify.
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Q4: How are funding rates calculated?
A: Rates derive from the premium index and interest rate differential, typically occurring every 8 hours. The exchange displays predicted rates.
Q5: What's the minimum contract value?
A: Minimums vary by contract. Most BTC contracts start at 0.001 BTC equivalent, while altcoins may have higher minimums.
Q6: How do flash closes work?
A: These market orders execute at the 30th-level counterparty price, prioritizing fill probability over exact price execution.
Key Terminology
- Mark Price: Fair value estimate preventing market manipulation
- Initial Margin: Collateral required to open positions
- Maintenance Margin: Minimum collateral to avoid liquidation
For optimal trading experience, always:
- Monitor collateral levels
- Set appropriate risk parameters
- Regularly review market conditions
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