When trading Perpetual Contract, traders need to understand the following market mechanisms:
1. Position Marking
Perpetual contract the method of reasonable price marking.
2. Initial and Maintenance Margins
The initial margin rate determines the amount of leverage that can be used, and the maintenance margin rate determines the price at which forced unwinding can be triggered.
3. Funding Rate
The buyer and seller pay the fee periodically every 8 hours. If the rate is positive, long positions will pay and short positions will receive the fund rate. If the rate is negative, vice versa. Please note that you will only need to pay or charge funds if you hold the position at the time stamp of the funds.
4. Funds Time Stamp
UTC-0 00:00 (GMT + 8 08:00), UTC-0 08:00 (GMT + 8 16:00), UTC-0 16:00 (GMT + 8 24:00).Traders can find the estimated capital rate for the next period on the trade page and the current capital rate in the contract market.
March 23, 2020