When trading futures on BTSE, you will find a section of the BTSE Futures platform that will show you asset details. But what does this info include and why is it useful?
In this article we explain what this feature represents. And to know much more about trading futures contracts, you can refer to our BTSE Futures tutorial.
What Are Asset Details on BTSE?
As noted in our tutorial on the BTSE Futures interface, you can personalize the position of the different sections on the BTSE Futures platform. But if you are trading for the first time – or by default – you will find asset details under the leverage and risk limit section near the bottom left of the screen:
This section shows important information on your position, and it adjusts according to your previous choices. But let’s take a closer look at each detail shown in this area of the platform.
This first piece of information, “Asset Details”, adjusts according to the kind of position you decided to open, and it is closely related to leveraging.
In the image above, you can see that Asset Details is set on “Cross (All Positions)”. This means that the position you are opening shares the same margin with all the other possible positions – that is, it is not leveraged.
When you decide to use leverage, you need to adjust the leverage from the section above: no matter the level you choose, your position will be automatically set to the “Isolated” mode. This means that your margin level will be set to that specific position.
For a practical example, see what happens if you change leverage for a specific position:
We adjusted the leverage and moved it from “Cross” to “2x”, and the platform automatically set our position to “Isolated 2x”.
As you can see, Asset Details change, showing a specific contract. In this case, the contract is Ethereum Perpetual, as was selected from the dropdown list of BTSE Futures contracts, but it would work the same way for any other contract.
The “Available Balance” tells you the balance available for new orders. It is calculated according to a specific formula: Wallet Value – Total Margin + Unrealized P&L.
More information on Wallet Value can be found in our tutorial on how to fund your BTSE Futures wallet. Total Margin, representing the capital already in use and required by active positions, is subtracted from the Wallet Value.
Unrealized P&L, or profit and loss, indicates what your profits or losses would be if you close your position at that particular instance. In essence, it keeps track of successful and unsuccessful trading activities.
Total Margin and Unrealized P&L are extremely useful to evaluate your position – and thus, their dedicated line in the Asset Details section. Of similar importance is the Wallet Value, showing the actual value of your BTSE Futures wallet.
BTSE Futures provides several key features that help traders and investors to analyze their orders and positions. Among them, the Asset Details on BTSE offers a simple yet essential view on their asset information, including unrealized P&L and wallet value.
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Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.