1. What Are Perpetual Contracts?
Perpetual contracts are cryptocurrency derivatives without an expiration date. They allow traders to:
- Use leverage for long/short positions
- Profit from price fluctuations
- Maintain positions indefinitely
2. Fee Structure Explained
Calculation Formula:
Fee = Trade Amount × Fee Rate
Rate Schedule:
| Order Type | Fee Rate |
|---|---|
| Taker | 0.04% |
| Maker | 0.04% |
👉 Learn how to reduce trading fees
3. Maker vs. Taker Orders
Maker Orders
- Limit orders added to order book
- Provide market liquidity
- Typically lower fees
Taker Orders
- Market orders executed immediately
- Remove liquidity from order book
- Slightly higher fees
4. Funding Fees Mechanism
Purpose: Align contract prices with spot markets
Key Details:
- Charged every 8 hours (08:00/16:00/24:00 UTC+8)
- Some pairs charge every 4 hours
- Formula: Position Value × Current Funding Rate
5. Margin Modes Comparison
| Feature | Cross Margin | Isolated Margin |
|---|---|---|
| Risk | Entire account at risk | Only position margin |
| Flexibility | Higher | Lower |
| Best For | Experienced traders | Risk-averse traders |
6. Account Transfers
- Move funds between spot and contract wallets
- Subject to daily transfer limits
- Instant processing
7. Margin Requirements
Calculation Methods:
Cross Margin
= (Position Size × Entry Price) / Leverage
Isolated Margin
= (Position Size × Entry Price) / Leverage
8. Liquidation Process
Triggers when margin can't sustain position
| Mode | Loss Scope |
|---|---|
| Cross | Entire balance |
| Isolated | Position margin only |
👉 Advanced liquidation prevention strategies
FAQ Section
Q: Can I change margin modes mid-trade?
A: No, margin mode must be selected before opening positions.
Q: How often are funding fees paid?
A: Typically every 8 hours, but some pairs charge every 4 hours.
Q: What's the advantage of maker orders?
A: They generally have lower fees and help provide market liquidity.
Q: Is there a minimum position size?
A: Yes, this varies by trading pair and platform.
Q: How is liquidation price calculated?
A: It depends on your leverage, margin mode, and position size.
Q: Can funding fees be negative?
A: Yes, this means longs pay shorts (or vice versa) depending on market conditions.
Always conduct thorough research before trading. For further assistance, contact customer support.