Future On Chain (panNKS)

Permanent transaction

A perpetual, perpetual swap or perps contract is a special type of futures contract with no expiration date.

Use

Leverage is a trading mechanism. Traders can use it to increase their exposure to the market by allowing them to pay less than the full amount invested. Simply put, you borrow money to capitalize on your investment.

Margin

Margin is the guarantee you place on your leveraged positions. It has two Modes to use it:

Cross Margin Mode: All cross positions in the same margin asset have the same cross-asset margin balance. In the event of liquidation, the entire margin balance of your asset along with any remaining open positions in the asset may be forfeited.
Separate Margin Mode: Manage your risk on individual positions by limiting the amount of margin allocated to each position. If a position's margin reaches 100%, the position will be liquidated. Margins can be added or subtracted to positions using this mode.

Margin Ratio: Margin Ratio = Maintenance Margin / Margin Balance. Your positions will be liquidated once Margin Rate reaches 100%.

Retention Rate: The minimum margin required to maintain your open positions.

Margin Balance = Wallet Balance + Unrealized PNL. Your positions will be liquidated when Margin Balance <= Maintenance Margin.

Asset

Deposit: Deposit your money into your futures account.

Withdraw: Withdraw money from your futures account to your wallet

Balance: Wallet Balance = Total Net Transfers + Total Profit Made + Total Net Funding Fee - Total Commission.

Unrealized PNL: Unrealized profit and loss on this position is calculated based on Reference Price and return on equity percentage.

Regime

Single-Asset Mode: Supports trading of USDⓈ-M Futures using only the symbol's single margin. PNL of the same margin asset position can be offset. Support Cross Margin Mode and Separate Margin Mode.
Multi-asset mode: Trade USDⓈ-M futures on multiple margin assets. PNL can be offset between different margin asset positions. Only Cross Margin Mode is supported.

Note: If there are open positions or open orders in USDⓈ-M Futures, Multi-Asset Mode cannot be activated. Multi-Asset Mode is only available for USDⓈ-M Futures. Before activating Multi-Asset Mode, please read detailed instructions to better manage USDⓈ-M Futures account risk when using Multi-Asset Mode.

The order

Buy/Long: Open a Long order. In this order, you buy an asset and wait to sell when the price rises. "Buy" and "buy" are used interchangeably.
Sell/Short: Open a Short order. In this order, you borrow an asset, sell it, and hope to buy it back when the price drops. "Sell" and "short" are used interchangeably.
Limit Order: A limit order is an order to buy or sell at a specific price or better. Limit orders are not guaranteed to execute.
Market Order: A market order is an order to buy or sell at the best available price. It is executed for limit orders that were previously placed on the order book. When placing a market order, you will pay a fee as a market receiver.
Stop Limit Order: The easiest way to understand a stop limit order is to divide it into a stop price and a limit price. The stop price is simply the price at which the limit order is triggered and the limit price is the price of the activated limit order. This means that once your stop price has been reached, your limit order will immediately be included in the order book.
Market Stop Order: Similar to a limit stop order, a market stop order uses the stop price as a trigger. However, when the stop price is reached, it will trigger a market order instead.
Trailing Stop: Trailing Stop is an order type designed to lock in profits or limit losses when a trade goes well. The trailing stop only moves if the price moves smoothly. Once it moves to lock in profits or reduce losses, it won't go back in the other direction.
Post Only: Post Only Mode means that the Trader can only place an Order if it will be posted to the Order Book as a Maker Order. An Order that will be posted as a Receiver's Order will be rejected. No Market Orders can be placed and no Orders will be executed. Rest orders can be canceled in post-only mode.
Reduce Only: A Reduce Only Order will only decrease your position, not increase it.

Guide TIF

TIF allows you to specify how long your orders will remain active before they are executed or expired. You can choose one of these options for the TIF instruction:

GTC (Good Till Cancel): The order will remain valid until fulfilled or cancelled.
IOC (Immediate Or Cancel): The order will be executed immediately (in whole or in part). If it is only partially executed, the unexecuted portion of the order will be cancelled.
FOK (Fill Or Kill): The order must be filled out immediately. Otherwise, it will not be executed.

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Last updated 1 year ago

Margin

Margin is the guarantee you place on your leveraged positions. It has two Modes to use it:

Cross Margin Mode: All cross positions in the same margin asset have the same cross-asset margin balance. In the event of liquidation, the entire margin balance of your asset along with any remaining open positions in the asset may be forfeited.

Separate Margin Mode: Manage your risk on individual positions by limiting the amount of margin allocated to each position. If a position's margin reaches 100%, the position will be liquidated. Margins can be added or subtracted to positions using this mode.

Margin Ratio: Margin Ratio = Maintenance Margin / Margin Balance. Your positions will be liquidated once Margin Rate reaches 100%.

Retention Rate: The minimum margin required to maintain your open positions.

Margin Balance = Wallet Balance + Unrealized PNL. Your positions will be liquidated when Margin Balance <= Maintenance Margin.

Asset

Deposit: Deposit your money into your futures account.

Withdraw: Withdraw money from your futures account to your wallet

Balance: Wallet Balance = Total Net Transfers + Total Profit Made + Total Net Funding Fee - Total Commission.

Unrealized PNL: Unrealized profit and loss on this position is calculated based on Reference Price and return on equity percentage.

Regime

Single-Asset Mode: Supports trading of USDⓈ-M Futures using only the symbol's single margin. PNL of the same margin asset position can be offset. Support Cross Margin Mode and Separate Margin Mode.

Multi-asset mode: Trade USDⓈ-M futures on multiple margin assets. PNL can be offset between different margin asset positions. Only Cross Margin Mode is supported.

The order

Buy/Long: Open a Long order. In this order, you buy an asset and wait to sell when the price rises. "Buy" and "buy" are used interchangeably.

Sell/Short: Open a Short order. In this order, you borrow an asset, sell it, and hope to buy it back when the price drops. "Sell" and "short" are used interchangeably.

Limit Order: A limit order is an order to buy or sell at a specific price or better. Limit orders are not guaranteed to execute.

Market Order: A market order is an order to buy or sell at the best available price. It is executed for limit orders that were previously placed on the order book. When placing a market order, you will pay a fee as a market receiver.

Stop Limit Order: The easiest way to understand a stop limit order is to divide it into a stop price and a limit price. The stop price is simply the price at which the limit order is triggered and the limit price is the price of the activated limit order. This means that once your stop price has been reached, your limit order will immediately be included in the order book.

Market Stop Order: Similar to a limit stop order, a market stop order uses the stop price as a trigger. However, when the stop price is reached, it will trigger a market order instead.

Trailing Stop: Trailing Stop is an order type designed to lock in profits or limit losses when a trade goes well. The trailing stop only moves if the price moves smoothly. Once it moves to lock in profits or reduce losses, it won't go back in the other direction.

Post Only: Post Only Mode means that the Trader can only place an Order if it will be posted to the Order Book as a Maker Order. An Order that will be posted as a Receiver's Order will be rejected. No Market Orders can be placed and no Orders will be executed. Rest orders can be canceled in post-only mode.

Reduce Only: A Reduce Only Order will only decrease your position, not increase it.

Guide TIF

TIF allows you to specify how long your orders will remain active before they are executed or expired. You can choose one of these options for the TIF instruction:

GTC (Good Till Cancel): The order will remain valid until fulfilled or cancelled.

IOC (Immediate Or Cancel): The order will be executed immediately (in whole or in part). If it is only partially executed, the unexecuted portion of the order will be cancelled.

FOK (Fill Or Kill): The order must be filled out immediately. Otherwise, it will not be executed.