1. What is a Perpetual Contract?
A perpetual contract is a crypto derivative with no expiry date. It allows users to go long or short with leverage to profit from price fluctuations.
2. How are contract fees calculated?
Fee = Trade Value × Fee Rate
Taker Fee: 0.04%
Maker Fee: 0.04%
Fees are only charged when opening, closing, or partially closing positions. No fees for unfilled or canceled orders.
3. What is Taker / Maker?
Maker: Places an order at a set price that enters the order book waiting for execution.
Taker: Executes immediately against existing orders in the book.
4. What is Cross vs. Isolated Margin?
Cross Margin: All account balance can be used as margin. If liquidated, all assets may be lost.
Isolated Margin: Margin is limited to a single position. Losses are confined to that position.
5. What is Merge vs. Separate Position Mode?
Separate: Multiple independent positions of the same pair and direction.
Merge: Positions of the same pair and direction are combined.
6. What is Transfer?
Moving funds between asset account and contract account.
7. What is Margin?
Collateral required to participate in contract trading.
8. How is Margin Calculated?
Both Cross & Isolated: Initial Margin = Position Size × Entry Price ÷ Leverage. Maintenance margin does not change with price.
9. What is Forced Liquidation?
When margin is insufficient, the system liquidates automatically.
Cross: Entire account may be liquidated.
Isolated: Only that position is affected.
⚠️ Always understand risks before trading.