The Perpetual Contract is a derivative product that is similar to traditional margin trading but with differences.
Perpetual Contract mimics a margin-based spot market and hence trade close to the underlying reference Index Price. The primary mechanism to tether to spot price is Funding. There is a Funding rate for Perpetual swaps, and periodic payments exchanged between the buyer and seller every 8 hours. If the rate is positive, long positions will pay, and short positions will be paid; if the rate is negative, short positions will pay, and long positions will be paid. (Only when the user's net position at the time of settlement of capital costs is not 0, the funding rate need to be paid or collected). You can buy long or short a contract by buying or selling.
We encourage new users who are not familiar with trading and try to submit, execute, cancel, and other types of commissions in the WBFutures contracts simulation trading area. We have prepared a certain amount of simulated trading currency for each account.
March 23, 2020