Contract Specifications
|
Instrument / symbol |
USD-PERP |
|
Contract unit |
USD |
|
Underlying asset |
BIT index price |
|
Settlement |
Daily settlement at 08:00 UTC. Both the realized and unrealized session profit and loss will be booked to account cash balance and ready for withdrawal at settlement. |
|
Delivery |
No delivery |
|
Mark price |
BIT Index + 30 seconds EMA* of (Average of Fair Bid & Ask - BIT Index) Read here for more details |
|
Trading band |
+/- 3% from BIT Mark Price |
|
Leverage |
1-50x leverage (cross margin), which will be decided by position |
|
Max position |
The maximum position for a single instrument cannot exceed 2,000,000 USD |
|
Funding |
Funding is calculated and charged every 10 seconds |
|
Fees |
Maker: 0.02% Taker: 0.05% Check VIP fee rates here Forced liquidation fee: 0.5% |
|
Block trade |
Not supported yet |
Trading rules
BIT sets trading rules for USD margined perpetual in terms of order size, price & step, position limits, and etc. Please see BTCUSD PERP and ETHUSD PERP rules below as an example.
|
Instrument |
Min Size |
Size Step |
Min Price |
Price Step |
Max position |
Max Open Orders |
Upper/Lower Bound |
Order Price Cap |
|
BTCUSD PERP |
0.01 BTC |
0.01 BTC |
0.1 USD |
0.1 USD |
2,000,000 USD |
100 |
0.50% / 0.50% |
1.50% |
|
ETHUSD PERP |
0.1 ETH |
0.1 ETH |
0.01 USD |
0.01 USD |
2,000,000 USD |
100 |
0.50% / 0.50% |
1.50% |
For more trading rules, please visit trading center.