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Introduction to USDT-margined Perpetual Futures

1. Overview

CoinW USDT-margined Perpetual Futures is a financial derivative product that is margined and settled in USDT. Each contract represents a specific quantity of a digital asset (the underlying). For example, 1 BTC/USDT contract represents 0.001 BTC at CoinW. Traders can long a position to profit from the appreciation of the underlying, or short a position to profit from its depreciation.  

• Mark Price: We typically use Mark Price to calculate your unrealized profit and loss (PnL) for perpetual futures. You can also switch to the latest price, making the unrealized PnL more aligned with real-time PnL when opening or closing positions at market prices.
• Index Price: We use the Index Price as a reference for liquidation and position reduction. This helps to provide a fairer and more stable benchmark during extreme market conditions, potentially reducing the frequency of forced liquidations.

2. About Perpetual Futures

All USDT-margined perpetual futures are traded 24/7. The settlement cryptocurrency is USDT. All prices are quoted in the underlying's price per unit. For detailed information, please visit the futures trading page and navigate to [Trading Rules] > [Futures Guides].

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