Navigating the world of cryptocurrency derivatives can be both exciting and complex. One of the most popular instruments among experienced traders is the coin-margined perpetual contract—a powerful tool that allows you to speculate on price movements without an expiry date, using the underlying cryptocurrency as collateral.
This comprehensive guide walks you through every step of trading coin-margined perpetual contracts on the web interface, from account setup to executing advanced order types and managing risk. Whether you're new to derivatives or refining your strategy, this guide ensures clarity, safety, and efficiency.
Getting Started with Coin-Margined Perpetual Contracts
To begin trading coin-margined perpetual contracts, access the platform via your browser. Once logged into your account, navigate to the coin-margined contracts section and select your desired contract type and trading pair—such as BTC/USD.
👉 Discover how to optimize your entry strategy for high-volatility markets today.
If you haven't activated contract trading yet, complete the verification process first. Most platforms require identity confirmation and risk assessment before enabling derivatives features.
Step 1: Fund Transfer – Preparing Your Collateral
Unlike USDT-margined contracts, coin-margined perpetuals use the base cryptocurrency as margin. For example, to trade BTC/USD coin-margined contracts, you must deposit BTC as collateral—not stablecoins or other assets.
Currently, funds can only be transferred from your spot wallet to the coin-margined futures wallet.
How to Transfer Funds
There are two primary ways to initiate a transfer:
- Transfer Button in Trading Interface: Click the “Transfer” button directly on the trading page.
- Asset Management Page: Go to your contract assets dashboard and click “Transfer” next to the relevant cryptocurrency.
After selecting the source (spot account) and destination (coin-margined futures), specify the amount of the base asset (e.g., BTC) you wish to move. Confirm the transaction securely.
⚠️ Remember: Only transfers of the underlying asset are accepted. Transferring ETH for a BTC/USD contract will not work.
Step 2: Adjusting Trading Units and Leverage
Before placing orders, customize your trading preferences for better control.
Choose Your Trading Unit
You can display position size in:
- Number of contracts (lots)
- Base cryptocurrency amount (e.g., BTC)
Select the unit that aligns best with your risk model and tracking method.
Set or Modify Leverage
Leverage determines your exposure relative to your margin. You can adjust it:
- Before opening a position
- When holding a position but with no active pending orders
Higher leverage increases both potential returns and liquidation risk. Always assess market conditions and volatility before increasing leverage levels.
Step 3: Placing Orders – Advanced Trading Options
The platform supports multiple order types to suit various strategies—from precise manual control to automated execution based on market triggers.
1. Limit Order
Set a specific price and quantity for your trade. Both opening and closing positions support limit orders.
Key features:
- Input custom prices or select depth from the order book
- Adjust quantity manually or via percentage slider
- Set take-profit and stop-loss levels upon entry
Choose execution modes:
- Post Only: Ensures you’re a maker, avoiding taker fees
- Fill or Kill (FOK): Entire order must execute immediately—or not at all
- Immediate or Cancel (IOC): Partial fills allowed; unfilled portion canceled
- Default: Order stays active until filled or canceled
👉 Learn how smart order routing can improve your trade execution speed.
2. Plan-Triggered Order (Conditional Order)
Define a trigger price. When the market hits this level, a limit order is automatically placed at your preset price and size.
Ideal for:
- Entering breakouts
- Avoiding emotional decisions during fast-moving markets
3. Trailing Stop Order
Set an activation price and callback threshold. Once the market reaches your activation point and pulls back by the defined percentage, the system places a limit order.
Use cases:
- Locking in profits during strong trends
- Protecting gains without constant monitoring
4. Follow Market / Take Liquidity Orders
- Follow (Make Orders): Matches price and size from selected order book levels. Can use “Post Only” mode.
- Take (Remove Liquidity): Executes against existing orders instantly. Supports IOC or FOK modes.
These tools help you decide whether to add liquidity (maker) or remove it (taker), depending on fee structure and urgency.
Step 4: Managing Open Positions
Once your order executes, your position appears under "Current Positions."
Here’s what you can do:
- Monitor unrealized P&L
- Adjust leverage (if no open orders)
- Modify or add take-profit/stop-loss
- Close part or all of the position
Unfilled orders appear under "Current Orders," where you can cancel them anytime before execution.
Step 5: Closing Your Position
You have several options for exiting:
- Use limit, plan-triggered, or trailing stop orders on the trading page
Click quick actions:
- Sell to Close Long (for long positions)
- Buy to Close Short (for short positions)
Lightning Close Feature
For faster exits during volatile conditions, use lightning close. This sends your sell/buy order at the price of the 30th level in the opposite order book, significantly improving fill chances—even in fast-moving markets.
💡 Tip: Combine lightning close with trailing stops for dynamic risk management during high volatility.
Monitoring Market Data and Account Health
Stay informed with real-time data available in key sections:
Market Information Panel (Top of Page)
Access critical insights such as:
- Liquidation price levels
- Funding rates
- Open interest trends
- Risk provision fund balance
Understanding these metrics helps anticipate market shifts and systemic risks.
Trade Management Center (Top Right Corner)
Review detailed reports including:
- Total contract assets
- Realized and unrealized profit/loss
- Transaction history (funding payments, transfers, fees)
Regular audits of these records improve long-term strategy refinement.
Frequently Asked Questions (FAQ)
Q1: What is a coin-margined perpetual contract?
A coin-margined perpetual contract uses the underlying cryptocurrency (like BTC) as collateral instead of a stablecoin. Profits and losses are also settled in that cryptocurrency.
Q2: Can I use USDT to trade BTC coin-margined contracts?
No. You must deposit BTC to open a BTC/USD coin-margined position. Stablecoins are not accepted as margin for these contracts.
Q3: When can I change my leverage?
You can adjust leverage before opening a position or when holding a position without any pending orders. Active orders must be canceled first.
Q4: How does the lightning close function work?
Lightning close submits your order at the 30th price level in the opposite book, increasing execution speed during high volatility when normal orders might fail.
Q5: Is there a holding time limit for perpetual contracts?
No. These contracts have no expiration date. However, funding fees are exchanged periodically between longs and shorts to keep prices aligned with spot markets.
Q6: What happens if my position gets liquidated?
If losses exceed your margin, the system automatically closes your position to prevent further debt. The risk provision fund may absorb part of extreme losses to protect traders.
Final Thoughts
Trading coin-margined perpetual contracts offers flexibility, deep liquidity, and direct exposure to crypto price movements. Success depends on disciplined fund management, understanding order types, and continuous monitoring of market dynamics.
Core keywords naturally integrated throughout:
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