USDT perpetual futures are virtual contract products settled in USDT, also known as direct perpetual futures. Investors can go long by buying contracts to profit from the rise in cryptocurrency prices or go short by selling contracts to profit from a decline. The leverage multiplier ranges from 1x to 150x.
SuperEx primarily offers USDT perpetual futures trading.
USDT perpetual futures are settled in USDT, which closely aligns with the value of the US dollar. The key features of USDT perpetual futures include:
- Available Trading Pairs: BTC/USDT, ETH/USDT, TRX/USDT, and more.
- Settlement Method: USDT only.
- Settlement Times: Every 8 hours, specifically at 00:00, 08:00, and 16:00 UTC.
- Minimum Order Size: 10.0000 USDT/contract, 100.0000 USDT/contract (BTC).
- Margin Modes: Cross margin, isolated margin, and sub-account margin.
- Trading Modes: Open positions, close positions.
- Fees: Funding fees; trading fees.
Unlike delivery futures, which have a fixed expiration date and delivery price, USDT perpetual futures have no expiration date and never expire. Perpetual futures use a funding rate mechanism to keep the perpetual futures market price anchored to the spot price. The settlement occurs every 8 hours at 00:00, 08:00, and 16:00 UTC. Users who hold positions at these times will need to pay or receive funding fees. If they close their positions before the funding fee is charged, they do not need to pay the funding fee.
USDT perpetual futures include two main types of transactions: opening and closing positions. These are further divided into two directions:
- Buy to open long (bullish): Buying contracts when expecting the index to rise. This increases the long position.
- Sell to close long: Selling contracts to exit a long position when no longer bullish. This reduces the long position.
- Sell to open short (bearish): Selling contracts when expecting the index to fall. This increases the short position.
- Buy to close short: Buying contracts to exit a short position when no longer bearish. This reduces the short position.