USDT Perpetual on BTCEX means USDT-Margined Futures contracts.
Settlement in USDT-pegged assets: contracts are denominated and settled in USDT.
Clear pricing rules: each futures contract specifies the base asset's quantity delivered for a single contract, also known as "Contract Unit". For instance, BTC/USDT, ETH/USDT futures contracts represent only one unit of its respective base asset, similar to spot markets.
Perpetual Trading on BTCEX Website
1. Visit the BTCEX and click Log In at the top right corner.
2. Click Perpetual on the navigation bar to enter the Perpetual trading interface directly.
3. Perpetual Trading Interface
1) Trading Pairs
2) Trading Volume & Prices
3) Candlestick Chart and Market Depth
4) Order Book
5) Risk Level & Margin Balance
6) Margin Modes: Cross & Isolated
7) Type of Order
8) Review of the Orders
9) Order Details
10) Recent Trades
4. Further Information
Section 6 - Margin Modes: Cross & Isolated:
Click “CROSS” to choose the margin mode of your position, and you can also know the differences between “Cross” and “Isolated” margin modes.
Section 6 - Leverage Adjustment:
Click “20X” to manually adjust the leverage. The maximum amount of leverage available depends on the notional value of your position. Generally, the larger the position the lower the leverage allowed, and the higher the leverage the higher the risk. Please manage your risk level.
Section 6 - Transfer Assets:
Click “TRANSFER” and select the transfer direction to transfer assets to your perpetual account. You can choose Inner or Internal transfer.
Section 7 - Type of Order:
BTCEX supports 3 different types of orders: Limit/Market Price, Trailing, and Take Profit/Stop Loss order.
Open/Close Order: A basic and simple type of order which supports Limit Price and Market Price to Buy or Sell.
Trailing Order: A trailing order allows traders to place a pre-set order at a specific Trailing Gap away from the market price when the market swings. It helps traders to limit the loss and protect gains when a trade does not move in the direction that traders consider unfavorable.
TP/SL Order: Take-Profit/Stop-Loss orders. The system will decide if an order is a stop-loss order or a take-profit order based on the price level of trigger price against the last price or mark price when the order is placed.
- TP/SL Limit Order: The easiest way to understand a TP/SL limit order is to break it down into TP/SL price, and limit price. The TP/SL price is simply the price that triggers the limit order, and the limit price is the price of the limit order that is triggered. This means that once your TP/SL price has been reached, your limit order will be immediately placed on the order book.
- TP/SL Market Order: Similar to the TP/SL limit order, a TP/SL market order uses a TP/SL price as a trigger. However, when the TP/SL price is reached, it triggers a market order instead.