Dear User:
To help you better understand the perpetual contract trading mechanism and related rules, ICOIN has compiled the following FAQs. Please read carefully and fully understand the content before trading.
What is a perpetual contract?
A perpetual contract is a digital asset derivative trading product with no expiration date. Users can go long (bullish) or short (bearish) through leverage to profit from market price fluctuations.
Contract Fee Description
BTCUSDT, ETHUSDT contract trading:
Maker fee rate is 0.03%, Taker fee rate is 0.03%
Other contract trading pairs:
Maker fee rate is 0.04%, Taker fee rate is 0.04%
Fee calculation method:
Opening/Closing price × Quantity × Fee rate = Fee
Fees are only charged when opening, closing, or partially closing positions; unfilled or canceled orders will not incur fees.
Maker / Taker Explanation
Maker (limit order):
Orders placed at a specified price that do not immediately execute but enter the order book waiting for matching.
Taker (market order):
Orders that are executed immediately against existing orders in the order book.
Cross Margin and Isolated Margin
Cross Margin:
All available balance in the account can be used as margin. It improves risk resistance but may result in full account loss upon liquidation.
Isolated Margin:
Margin is allocated per position, and losses are limited to that position without affecting other funds.
Split Position and Merged Position
Split Position:
Multiple independent positions under the same trading pair and direction.
Merged Position:
Positions under the same trading pair and direction are combined into one.
What is transfer?
Transfer refers to moving funds between asset account and futures account. The limit is based on the page display.
What is margin?
Margin is the capital required to participate in contract trading, used as a guarantee against market risks.
Margin Calculation
Cross / Isolated:
Opening Margin = Position size × Entry price ÷ Leverage
Holding Margin = Opening Margin (does not change with market price)
What is liquidation?
When margin is insufficient to maintain a position, the system will automatically liquidate the position.
Cross Margin:
All assets in the futures account may be used to cover losses.
Isolated Margin:
Only the margin of that position will be lost.
Risk Warning
Perpetual contract trading involves high leverage and high risk. Please fully understand the mechanism and risks before trading and participate prudently.
If you have any questions, please contact customer service.
Icoin Team
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