Coin-Ⓜ Futures support margin from multiple coins to trade multiple trading pairs, changing the existing traditional trading method.

Inverse futures only apply to specific coins, allowing crypto holders to have more trading options, effectively increasing the utilization rate of funds, and trading and holding crypto to increase revenue shared.

For example: Using ETH as a margin, you can trade BTCUSD, ETHUSD, EOSUSD and profit and loss will be calculated in ETH. The perpetual Coin-Ⓜ Futures avoids the cumbersome coin-to-coin exchange process and saves the exchange cost, and at the same time, can obtain the profit brought by the increase of the margin coin.

Step1: Go To The Trading Page

Log in with your Bitget ID, and go to the Coin-Ⓜ Futures trading page.

Step2: Transfer Funds

Before opening a position, if there are no assets in your Coin-Ⓜ Futures account, you can click on the "Transfer" function to transfer crypto from other accounts to the Coin-Ⓜ Futures account. There is no fee for internal transfers.

Step3: Open Position

After selecting the trading pair, margin mode, order type, and leverage enter the price and quantity and select the direction to place an order.

There are two types of Margin Modes, one is the Isolated Margin mode, and another is Cross Margin Mode. Let's look at the details.

Users can hold positions in both directions, and the risks of short positions and long positions are calculated separately.

When the user closes the position, the loss and profit are generated by the short position and the long position, respectively. Then, it will be immediately settled into the position margin of the corresponding position.

Liquidation will only lose the position margin only.

All available funds in the futures account are treated as available margin, and when the position loss exceeds the account balance, the position will be liquidated. The account under cross margin mode has a strong ability to carry losses, which is convenient for operation and calculation of positions.

After submitting the order, if the transaction is not completed immediately, you can view the order details in "Open Orders". If the transaction is executed immediately, you can view the order details in "Position". And can carry out "adjust leverage" and "close position" operations.

When there is a position, the user can view it in the "Position" list. The income is classified into unrealized P/L and realized P/L.

After position close, P/L can be found in "Order Details".

There are two ways to close position, close or flash close:

The funding fee is the core operating mechanism of Bitget Coin-Ⓜ Futures.

The setting of the fund fee aims to ensure that the transaction price of the Coin-Ⓜ Futures closely follows the underlying reference price through the regular exchange of fund rates between the long and short parties.

Bitget does not charge any funding fee collected between users.

Funding fees are generated every 8 hours, which are 07:00, 15:00, and 23:00 (UTC+08:00). You only need to pay or charge funds if you hold a position at the time of these three capital timestamps.

Therefore, during the funding fee collection period, there may be delays in the calculation. For example, you may still be charged or paid if you open or close your positions at 07:00:05. We will calculate the fees for a better user experience without suspending your transactions.

When the fund fee is collected, it will be deducted from the fixed margin of the user's position until the user's margin rate is equal to the maintenance margin rate and a certain percentage of the remaining amount and the excess will not be charged.

The actual fund rate that users can charge also depends on the total amount deducted by the system from the counterparty's account.

If the user's leverage is relatively high, the system will not charge a fund fee at some settlement points.

The calculation formula for the fund rate you received or paid is as follows:

Funding Fee = Funding rate * position value

The value of your position has nothing to do with leverage and is not based on how much margin you have allocated for the position. Among them, the calculation formula of the fund rate is as follows:

Fund rate = {average premium index (P)+Clamp[interest rate (I)−average premium index (P), a, b)

Here the interest rate index I=0.01%, the average premium index P is the simple average of the premium index, and the premium index reflects the premium relationship between the contract price and the spot index price. 

The specific formula is as follows:

Premium index = [Max(0, Impact bid price-price index)-Max(0, benchmark price-Impact ask price)] / benchmark price

The calculation frequency of the premium index is once every minute.

Impact bid and ask prices

Impact guarantee amount

The impact guarantee amount refers to the amount that can be traded with a margin of 200USDT.

The specific formula is as follows:

Impact guarantee amount = 200 USDT / minimum maintenance margin rate

Example: The minimum maintenance margin rate of BTCUSDT is 0.5%

Then the impact margin amount of the BTCUSDT contract=200USDT/0.5%=40000USDT

Traders who want to trade more successfully can try Coin-M Futures. It is a contract service using one or more assets as a margin to trade on futures. It helps increase the fund's utilization rate and saves exchange costs for the traders. To know how to apply this strategy, click – Try Coin-M Futures.