Login
1. Use the browser to log in to ABIT website www.abit.com and click on “Futures” to enter the transaction page.
2. Please carefully browse the ABIT Perpetual Contract Transaction page to understand the contents of each section of the information, including: contract information, submit order, order list, latest deal, position record, depth map, etc. At the same time, in the market information section at the bottom left, enumerate the problems and index information that you often have in the transaction, so that you can check it at any time!
Transaction
1. Select contract
At present, ABIT only support USDT perpectual contracts, including BTCUSDT, ETHUSDT, EOSUSDT perpetual contracts. Traders can select anyone of them to trade.
2. Asset Transfer
Traders shall first transfer asset from spot account to contract account before doing futures trading.
Place order
Enter price, amount, select leverage, buy long/close short
Leverage multiple
ABIT offers a choice of multiple adjustable leverage multiples, currently supporting 20x-100x.
Cross margin/Isolated Margin
Cross Margin: Also known as “Intertemporal Margin”, it refers to all available balances of the account as a margin to avoid liquidation. Any other position that has achieved profitability can help increase the margin on the loss position. Please note that by default all positions are initially set to "Cross Margin".
Isolated Margin: The maximum loss for the user is limited to the initial margin used. When a position is forced to close, any of your available balance will not be used to increase the margin for this position. By isolating the margin used in a position, you can limit the loss to this starting position to help you when your short-term speculative trading strategy fails. When using the fixed margin, you can choose the right leverage. The higher the leverage, the less margin will be used for this position.
Limit order
The limit order is the highest or lowest price that the trader uses to specify the sale, and the trader reduces the transaction cost through the limit order. However, if the order price is far from the current market price, the order may not be closed. In the limit order, the user needs to enter the limited position price and the number of positions.
Market order
The market price order refers to the immediate transaction in the current market, and this type is selected when the trader needs an emergency transaction order. Please pay attention to the list of delegates when selecting this type, otherwise a huge market price order may “break through the list”, resulting in market impact costs.
Plan order
The plan order is a conditional order. When the price fluctuation reaches the specified trigger price, the trade operation will be performed at the specified price. The trader can set the order through this type to take profit or stop loss on the held position. It is also possible to set a position to be opened at a specified price after the specified price is triggered, reducing their transaction costs.
Buy/Long
If the trader judges that the market price will rise in the future, he will buy a certain number of contracts.
Buy/long is actually buying the contract at the right price, waiting for the market price to rise and then selling (close position) to earn the difference, similar to the spot transaction, referred to as "buy first and then sell"
Sell/short
If the trader judges that the market price will fall in the future, he will short and sell a certain number of contracts.
Sell/short is actually selling the contract at the right price, waiting for the market price to fall and then buying (closing) to earn the difference, referred to as “sell first and then buy”.
If you have read the above tutorial, congratulations, you have completed the first transaction!
For a better chance to play the perpetual contract, please read the following article carefully.
Fair price
ABIT's perpetual contract uses a uniquely designed, fair price tag system to avoid unnecessary liquidation on highly leveraged products. Without this system, the mark price may be unnecessarily deviated from the price index due to market manipulation or lack of liquidity, resulting in unnecessary liquidation. This system sets the tag price to a fair price instead of the latest transaction price, thereby avoiding unnecessary liquidation.
All Automatic Deleveraging contracts use a fair price tag method, which only affects the liquidation price and unrealized profit, and is not affected by the realized profit.
Note: This means that when your order is executed, you may immediately see positive or negative unrealized gains and losses because of a slight deviation between the fair price and the transaction price. This is normal and does not mean that you have lost money, but be sure to pay attention to your strong price and avoid liquidating too early.
Forced liquidation
liquidation may be the most important concern for traders. BTCKR uses a fair price mark method to avoid liquidating due to lack of liquidity or market manipulation.
For the liquidation closing calculation method, please see liquidation.
Margin guide
All contracts require a certain margin in ABIT, and margin trading also gives you a greater leverage on your contracts.
In the process of margin trading, you need to focus on the following points.
Starting Margin: The minimum margin required to open position, and the starting margin rate (opening position value/position margin) also shows your leverage multiple.
Maintenance Margin: The minimum margin requirement for maintaining a position below which a leveling event or a partial leveling event will be triggered.
Opening Cost: The total frozen assets required to open position, including the initial margin for opening a position and possible handling fees.
Actual leverage: The current position includes the leverage ratio of unrealized gains and losses.
ABIT uses a risk limit for all trading accounts, which reduces the possibility of a huge liquidation.
If some users have huge positions, it will bring risks to other users. If their positions are liquidated, other users may experience automatic light reduction. The risk limit increment model will help to avoid this, and it will increase the margin requirement for large position funds.
If you still don't understand it, please see the example below.
What are the advantages of using a sustainable contract investment?
Suppose that traders A and B participate in BTC trading at the same time, A uses BTCUSDT permanent contract, B buys spot directly (equivalent to no leverage).
The BTC price at the time of opening the position is 7000 USDT, the opening value is 1 BTC, and the face value of BTCUSDT Perpetual Contract is 0.0001 BTC.
Buy/Long case
If the BTC price rises to 7500USDT, we compare the earnings of A and B:
| Project | A- Perpetual Contract | B - Spot Trading |
| Open value | 7000 USDT | 7000 USDT |
| Opening position Value | 10,000 contracts (about 1BTC) | 1BTC |
| Leverage multiple | 100 times | without leverage (1x) |
| Position margin | 70 USDT | 7000 USDT |
| Earnings | 500 USDT | 500 USDT |
| Yield rate | 714.28% | 7.14% |
Sell/Short case
If the BTC price drops to 6500USDT, we compare the A and B earnings:
| Project | A- Perpetual Contract | B - Spot Trading |
| Open value | 7000 USDT | 7000 USDT |
| Opening position Value | 10,000 contracts (about 1BTC) | 1BTC |
| Leverage multiple | 100 times | without leverage (1x) |
| Position margin | 70 USDT | 7000 USDT |
| Earnings | 500 USDT | 500 USDT |
| Yield rate | 714.28% | 7.14% |
If you need more information about the calculations, use the "Calculator" in the upper right corner of our trading page.
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