A perpetual contract is a futures contract that can be held forever without delivery. Users can choose to go long or go short contracts by judging the ups and downs to obtain income from the rise/fall of digital asset prices.
Date of Expiry
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Funding
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USDⓈ-Margined Futures Contracts
Use USDT as margin (settlement currency) to trade other currencies
Coin-Margined Futures Contracts
Use cryptocurrency as margin (settlement currency) to trade other currencies
Hybrid Contracts
Use any currency held by investors as margin (settlement currency) to trade other currencies
Mock Contracts
Simulate the transaction process with mock cryptocurrency
Comparison table between USDⓈ-margined and coin-margined futures contracts: USDⓈ-M and Coin-M Futures Contract
Decide which pair and currency to trade with
Determine the minimum trading unit of the contract
The market fair price of the transaction currency
Used for liquidation and calculation of unrealized profit and loss
Used to anchor the exchange contract price to the index price
Avoid positions being liquidated at one time
Used to protect bankrupt traders from adverse losses and ensure that the profits of winning traders are paid out in full
Used to deal with loss after liquidation
Used to realize unrealized profit and loss
Used to store and distribute margin
Used to control leverage and limit opening limit
To control the risk of placing an order
To charge fees
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