{"id":12135,"date":"2024-09-02T05:02:29","date_gmt":"2024-09-02T05:02:29","guid":{"rendered":"https:\/\/www.btse.com\/blog\/?p=12135"},"modified":"2025-10-09T08:48:30","modified_gmt":"2025-10-09T08:48:30","slug":"the-ultimate-guide-to-trading-crypto-futures-on-btse","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/the-ultimate-guide-to-trading-crypto-futures-on-btse\/","title":{"rendered":"The Ultimate Guide to Trading Crypto Futures on BTSE"},"content":{"rendered":"<h2><strong><span style=\"font-family: inter; font-size: 12pt;\"><i>Disclaimer: The content provided in this guide is for informational purposes only and does not constitute legal, financial, or investment advice. Trading futures and using leverage involve high risk, including the possibility of losing more than your initial investment. BTSE does not offer investment advice, and users should consult with qualified professionals before making trading decisions. Markets are volatile, and trading futures carries significant risks. Trade cautiously and within your financial means.<\/i><\/span><\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: inter; font-size: 18pt; color: #000000;\"><strong>Table of Contents\u00a0<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"font-size: 12pt;\"><a href=\"#introduction-to-crypto-futures-and-things-you-should-know-first\"><strong><span style=\"font-family: inter;\">Introduction to Crypto Futures and Things You Should Know First<\/span><\/strong><\/a><\/span>\n<ul>\n<li><span style=\"font-family: inter; font-size: 12pt;\"><strong><a href=\"#What-are-perpetual-futures\">What are Perpetual Futures?<\/a><\/strong><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><strong><span style=\"font-family: inter;\"><a href=\"#what-is-leverage\">What is Leverage?<\/a><\/span><\/strong><\/span><\/li>\n<li><span style=\"font-size: 12pt; font-family: inter;\"><a href=\"#how-to-open-a-leveraged-perps-trade\"><strong>How to Open a Leveraged Perps Trade?<\/strong><\/a><\/span>\n<ul>\n<li><span style=\"font-family: inter; font-size: 12pt;\"><a href=\"#what-are-the-risks-of-using-leverage\"><strong>What Are The Risks of Using Leverage?<\/strong><\/a><\/span><\/li>\n<\/ul>\n<\/li>\n<li><span style=\"font-family: inter; font-size: 12pt;\"><a href=\"#what-is-a-liquidation-and-how-does-it-work\"><strong>What is a Liquidation and How Does It Work?\u00a0<\/strong><\/a><\/span><\/li>\n<li><span style=\"font-family: inter; font-size: 12pt;\"><a href=\"#what-is-my-maximum-loss\"><strong>What is My Maximum Loss?<\/strong><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#what-are-some-other-things-I-should-know\"><strong><span style=\"font-family: inter;\">What Are Some Other Things I Should Know?\u00a0\u00a0<\/span><\/strong><\/a><\/span>\n<ul>\n<li><span style=\"font-size: 12pt;\"><a href=\"#liquidation-price\"><strong><span style=\"font-family: inter;\">Liquidation Price<\/span><\/strong><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#high-leverage\"><strong><span style=\"font-family: inter;\">High Leverage<\/span><\/strong><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#initial-margin\"><strong><span style=\"font-family: inter;\">Initial Margin<\/span><\/strong><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#maintenance-margin\"><strong><span style=\"font-family: inter;\">Maintenance Margin\u00a0<\/span><\/strong><\/a><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><span style=\"font-family: inter; font-size: 12pt;\"><a href=\"#getting-started-on-btse\"><strong>Getting Started on BTSE<\/strong><\/a><\/span>\n<ul>\n<li><span style=\"font-size: 12pt;\"><a href=\"#how-to-set-up-your-btse-account\"><span style=\"font-family: inter;\"><strong>How to Set Up Your BTSE Account<\/strong><\/span><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#funding-your-futures-wallet-on-btse\"><span style=\"font-family: inter;\"><strong>Funding Your Futures Wallet on BTSE<\/strong><\/span><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#understanding-the-futures-trading-interface-on-btse\"><span style=\"font-family: inter;\"><strong>Understanding the Futures Trading Interface on BTSE<\/strong><\/span><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#placing-our-first-futures-order\"><span style=\"font-family: inter;\"><strong>Placing Our First Futures Order<\/strong><\/span><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#adjusting-margin-and-leverage\"><span style=\"font-family: inter;\"><strong>Adjusting Margin &amp; Leverage<\/strong><\/span><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#what-order-types-are-available-and-when-to-use-them\"><span style=\"font-family: inter;\"><strong>What Order Types Are Available and When to Use Them?<\/strong><\/span><\/a><\/span><\/li>\n<\/ul>\n<\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#why-stop-loss-and-take-profit-conditions-are-so-important\"><span style=\"font-family: inter;\"><strong>Why Stop Loss and Take Profit Conditions are So Important<\/strong><\/span><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#advanced-features\"><span style=\"font-family: inter;\"><strong>Advanced Features<\/strong><\/span><\/a><\/span>\n<ul>\n<li><span style=\"font-size: 12pt;\"><a href=\"#one-way-mode-vs-hedge-mode-vs-multiple-mode\"><strong><span style=\"font-family: inter;\">One-Way Mode vs Hedge Mode vs Multiple Mode<\/span><\/strong><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#what-is-the-funding-rate-and-how-do-i-check-it\"><strong><span style=\"font-family: inter;\">What is the Funding Rate and How do I Check it? <\/span><\/strong><\/a><\/span><\/li>\n<li><span style=\"font-size: 12pt;\"><a href=\"#getting-liquidated-what-happens-and-how-can-i-prevent-this\"><strong><span style=\"font-family: inter;\">Getting Liquidated \u2013 What Happens, and How Can I Prevent This?<\/span><\/strong><\/a><\/span><\/li>\n<\/ul>\n<\/li>\n<li><span style=\"font-size: 12pt;\"><strong><a href=\"#closing-thoughts\"><span style=\"font-family: inter;\">Closing Thoughts\u00a0<\/span><\/a><\/strong><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h1><strong><span style=\"font-family: inter;\"><a id=\"introduction-to-crypto-futures-and-things-you-should-know-first\"><\/a>Introduction to Crypto Futures and Things You Should Know First<\/span><\/strong><\/h1>\n<p>&nbsp;<\/p>\n<h2 class=\"p1\"><span style=\"font-family: inter;\"><b><a id=\"What-are-perpetual-futures\"><\/a>What are perpetual futures?<\/b><\/span><\/h2>\n<p class=\"p2\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Often referred to as \u201cperps\u201d, perpetual futures are trading instruments that offer users the chance to speculate on the price of crypto, in either direction. <span style=\"font-weight: 400;\">However, trading these instruments carries substantial risk, particularly when leverage is used. Users must understand the complexities and risks before participating.<\/span>\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 class=\"p1\"><span style=\"font-family: inter;\"><b><a id=\"what-is-leverage\"><\/a>What is leverage?<\/b><\/span><\/h2>\n<p class=\"p2\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Leverage is a tool used in finance to amplify the returns of a trade. It allows traders to open positions that are larger than their initial capital by borrowing funds. This is common across all asset classes in trading: crypto, stocks, FX, commodities etc.<\/span><\/p>\n<p><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">In very simple terms, to understand the general concept, leveraged trading allows users to trade on margin. For example, if you plan for a $100 trade and use 7x leverage, essentially you will be trading with $700 ($100 x 7) . So, if the value of the token you bought goes up by 10%, instead of earning 10% of $100 ($10), you could earn 10% of $700 ($70). Of course the calculations are a bit more complex than that, but that\u2019s the general idea.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12352\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/09\/15x.png?resize=1038%2C1056&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"1038\" height=\"1056\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/09\/15x.png 1038w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/09\/15x-980x997.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/09\/15x-480x488.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1038px, 100vw\" \/><\/p>\n<p><span style=\"font-size: 14pt; color: #000000; font-family: inter;\">Here, we take on 15x leverage for a Bitcoin perpetual futures position.<\/span><\/p>\n<p><span style=\"font-family: inter; font-size: 14pt; color: #000000;\"><em><strong>Risk Warning: Leveraged trading is inherently risky and may not be suitable for all investors. Only trade with funds you can afford to lose.<\/strong><\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 class=\"p1\"><span style=\"font-family: inter; color: #000000;\"><b><a id=\"how-to-open-a-leveraged-perps-trade\"><\/a>How to open a leveraged perps trade?<\/b><\/span><\/h2>\n<p class=\"p2\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">When a trader opens a leveraged position:<\/span><\/p>\n<ol class=\"ol1\">\n<li class=\"li2\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Deposit: initial margin represents the funds you deposit into your trading account.<\/span><\/li>\n<li class=\"li2\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Leverage: set the amount of leverage you wish to use.<\/span><\/li>\n<li class=\"li2\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Trade: you can then enter a trade that is a multiple of your initial margin.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h2 class=\"p1\"><span style=\"font-family: inter;\"><b><a id=\"what-are-the-risks-of-using-leverage\"><\/a>What are the risks of using leverage?<\/b><\/span><\/h2>\n<p class=\"p3\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Whilst leverage can amplify your profits, it also increases your risk. Just as leverage multiplies potential profits, it also magnifies potential losses.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 class=\"p3\"><span style=\"font-family: inter; color: #000000;\"><b><a id=\"what-is-a-liquidation-and-how-does-it-work\"><\/a>What is a liquidation and how does it work?<\/b><\/span><\/h2>\n<p class=\"p3\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">If your losses exceed your available balance, your position will be liquidated, reducing your account value to zero. In basic terms, say your balance is $100 and you use 7x leverage. You would be trading with $700. Automatically, when your trade loses around 14.2%, you lose $100, and your account would be 0.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 class=\"p3\"><span style=\"font-family: inter; color: #000000;\"><b><a id=\"what-is-my-maximum-loss\"><\/a>What is my maximum loss?<\/b><\/span><\/h2>\n<p class=\"p3\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">You can only lose the amount you deposit as initial margin. BTSE assumes the risk of closing out your position automatically (liquidation) and should you owe more than the balance in your account then we cover it.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 class=\"p1\"><span style=\"font-family: inter;\"><b><a id=\"what-are-some-other-things-I-should-know\"><\/a>What are some other things I should know?<\/b><\/span><\/h2>\n<ul class=\"ul1\">\n<li class=\"li3\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\"><strong><a id=\"liquidation-price\"><\/a>Liquidation price:<\/strong> this refers to the estimated price at which your position will be automatically liquidated by BTSE. If you buy (long), the liquidation price will be lower than the price you enter the trade. If you sell (short), the liquidation price will be higher than the price you enter the trade.<\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li3\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\"><strong><a id=\"high-leverage\"><\/a>High leverage:<\/strong> as stated previously, the higher the leverage the higher the risk. Higher leverage trades should generally only be used for short-term gains. <\/span><em><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">General Tip: The higher the leverage, the shorter time frame that you should hold the position.<\/span><\/em><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li3\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\"><strong><a id=\"initial-margin\"><\/a>Initial margin:<\/strong> the amount of funds you need in your trading account to open a position.<br \/>\n<\/span><\/li>\n<li class=\"li3\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\"><strong><a id=\"maintenance-margin\"><\/a>Maintenance margin<\/strong>: the amount of funds you need to have available to avoid liquidation. For example, if your position is nearing the liquidation price, you can add more funds to protect your position and adjust the liquidation price.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h1><\/h1>\n<h2 class=\"p1\"><span style=\"font-family: inter;\"><b>What if I need more help?<\/b><\/span><\/h2>\n<p class=\"p3\"><span style=\"font-family: inter; font-size: 14pt;\"><span style=\"color: #000000;\">We are always here to help and educate traders. Reach out to your BTSE contact, or you can send us your questions<\/span> <a href=\"mailto:partnerships@btse.com\">partnerships@btse.com<span style=\"color: #000000;\">.<\/span><\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<h1><\/h1>\n<h1 class=\"p1\"><span style=\"font-family: inter;\"><b><a id=\"getting-started-on-btse\"><\/a>Getting Started on BTSE<\/b><\/span><\/h1>\n<p>&nbsp;<\/p>\n<h2><\/h2>\n<h2 class=\"p1\"><span style=\"font-family: inter; font-size: 18pt;\"><b><a id=\"how-to-set-up-your-btse-account\"><\/a>How to Set Up Your BTSE Account<\/b><\/span><\/h2>\n<p class=\"p3\"><span style=\"font-family: inter; font-size: 14pt;\"><span style=\"color: #000000;\">First, go to<\/span> <a href=\"http:\/\/www.btse.com\">www.btse.com<\/a> <span style=\"color: #000000;\">and register for an account. Alternatively, you can download the BTSE app on the<\/span> <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.btse.finance&amp;hl=en\">Google Play<\/a> <span style=\"color: #000000;\">or<\/span> <a href=\"https:\/\/apps.apple.com\/ng\/app\/btse-buy-sell-crypto\/id1494556510\">Apple App Store<\/a>.<\/span><\/p>\n<p class=\"p3\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">At the sign-up page, you can register for an account with either an e-mail address, mobile phone number, or Google \/ Apple accounts. If you do use a mobile phone number, please remember that if you use a VPN in the future, the location of the IP address has to match the country of the mobile phone number.<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12028\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/login.jpg?resize=700%2C1135&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"700\" height=\"1135\" \/><\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">After receiving a verification e-mail or text message, you can follow the instructions to complete registration. <\/span><span style=\"font-family: inter; font-size: 14pt;\"><span style=\"color: #000000;\">You\u2019ll be prompted to pass the KYC process, which you must pass in order to trade spot or futures on BTSE.\u00a0<\/span><\/span><\/p>\n<h2><\/h2>\n<h2 class=\"p1\"><span style=\"font-family: inter; font-size: 18pt;\"><b><a id=\"funding-your-futures-wallet-on-btse\"><\/a>Funding Your Futures Wallet on BTSE<\/b><\/span><\/h2>\n<p class=\"p3\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">After logging in to your BTSE account, go to your Futures Wallet and ensure you have enough money there.<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12031\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futureswallet1-1.png?resize=1080%2C437&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"1080\" height=\"437\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futureswallet1-1-980x397.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futureswallet1-1-480x195.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1200px, 100vw\" \/><\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">If not, click on \u201cTransfer\u201d to transfer money from your Spot Wallet to your Futures Wallet.<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12030\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futureswallet2.png?resize=1080%2C438&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"1080\" height=\"438\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futureswallet2-980x397.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futureswallet2-480x195.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1201px, 100vw\" \/><\/span><\/p>\n<p><span style=\"font-family: inter; font-size: 14pt;\"><span style=\"color: #000000;\">If you DON\u2019T have enough money in your Spot Wallet, you\u2019ll need to top up by transferring crypto from another platform or<\/span> <a href=\"https:\/\/www.btse.com\/blog\/how-to-buy-your-first-crypto-on-btse\/\">buying crypto on BTSE<\/a><span style=\"color: #000000;\">.<\/span><\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12014\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futureswallet3.png?resize=700%2C711&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"700\" height=\"711\" \/><\/span><\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2 class=\"p1\"><span style=\"font-family: inter; font-size: 18pt;\"><b><a id=\"understanding-the-futures-trading-interface-on-btse\"><\/a>Understanding the Futures Trading Interface on the BTSE Platform<\/b><\/span><\/h2>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12025\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/tradinginterface.png?resize=1080%2C540&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"1080\" height=\"540\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/tradinginterface-980x490.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/tradinginterface-480x240.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1200px, 100vw\" \/><\/span><\/p>\n<ol class=\"ol1\">\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\"><strong>Menu<\/strong><\/span>\n<ul class=\"ul1\">\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">At the menu, you can easily access other BTSE functions or navigate to different Futures contracts.<\/span><\/li>\n<\/ul>\n<\/li>\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\"><strong>Price Chart<\/strong><\/span>\n<ul class=\"ul1\">\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">On the Price Chart, you can see how the price for your contract is moving.<\/span><\/li>\n<\/ul>\n<\/li>\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\"><strong>Trading Activity &amp; History<\/strong><\/span>\n<ul class=\"ul1\">\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">To see active positions, orders, and past trades, you can check the Trading Activity &amp; History section at the bottom.<\/span><\/li>\n<\/ul>\n<\/li>\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\"><strong>Order Book<\/strong><\/span>\n<ul class=\"ul1\">\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">The Order Book in the middle shows recent orders that are being put in by other traders; after a trade is connected with a counterparty, it is deleted from the order book.<\/span><\/li>\n<\/ul>\n<\/li>\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\"><strong>Order Entry Field<\/strong><\/span>\n<ul class=\"ul1\">\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">The Order Entry Field is where you input conditions like Price, Size, Take-Profit and Stop-Loss Conditions, etc. This is where you set up your first orders and positions. Note that you can switch between Cross Margin and Isolated Margin at the top. You can also adjust leverage and the size of your position by using the slider.<\/span><\/li>\n<\/ul>\n<\/li>\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\"><strong>Asset Details<\/strong><\/span>\n<ul class=\"ul1\">\n<li class=\"li1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">This section shows you how much money you have invested in a particular contract, and how much is remaining in your Futures Wallet balance for deployment.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h2><\/h2>\n<h2><\/h2>\n<h2 class=\"p1\"><span style=\"font-family: inter; font-size: 18pt;\"><b><a id=\"placing-our-first-futures-order\"><\/a>Placing Our First Futures Order<\/b><\/span><\/h2>\n<p class=\"p3\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">In this scenario, we use 26% of our available balance on a BTC-PERP, 100x leverage position (129 USDT). We set a take-profit mark at a Bitcoin price of $60,000 and a stop-loss mark at the $56,500 mark. Note that it shows you how much money you\u2019d make or lose if either of these conditions are hit.<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12011\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futuresorder1.png?resize=1080%2C646&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"1080\" height=\"646\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futuresorder1-980x586.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futuresorder1-480x287.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1200px, 100vw\" \/><\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Note that you can look at the Asset Details section to see how much margin you\u2019ve invested in this particular contract, and how much you have remaining in your Futures Wallet balance for deployment.<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12012\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futuresorder2.png?resize=850%2C390&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"850\" height=\"390\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futuresorder2.png 850w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/futuresorder2-480x220.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 850px, 100vw\" \/><\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Sometimes you might not have enough margin invested to avoid liquidation if the market goes down. In the next section, we\u2019ll go over how to add margin and reduce leverage after a position has already been established.<\/span><\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2 class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 18pt;\"><b><a id=\"adjusting-margin-and-leverage\"><\/a>Adjusting Margin &amp; Leverage<\/b><\/span><\/h2>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Let\u2019s take a look at the position we just built.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">We put in a margin of 122 USDT after fees, but leverage amplifies that by roughly 100x, so the value of the position is 12,292 USDT.<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12006\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/adjmarginleverage1.png?resize=1080%2C331&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"1080\" height=\"331\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/adjmarginleverage1.png 1201w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/adjmarginleverage1-980x301.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/adjmarginleverage1-480x147.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1201px, 100vw\" \/><\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Note that the Mark Price is close to the Liquidation Price; if it hits it, then our position is liquidated and we lose the entire margin.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Let\u2019s try adjusting the Margin. If we increase the Margin (investment) by 75%, we are taking more money from the Futures Wallet balance and putting it here. Note that if we add another 272 USDT, it brings the position margin to 395 USDT. This lowers the Liquidation Price to roughly $56,051, lowering our risk of getting our position liquidated.<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12007\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/adjmarginleverage2.png?resize=1080%2C514&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"1080\" height=\"514\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/adjmarginleverage2-980x466.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/adjmarginleverage2-480x228.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1200px, 100vw\" \/><\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">We recommend putting substantial margin into every futures position, and using Isolated Margin mode for each contract to control risk.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Let\u2019s dive deeper into some of the terminology you should understand.<\/span><\/p>\n<h2><\/h2>\n<h2 class=\"p1\"><span style=\"font-family: inter; font-size: 18pt;\"><b><a id=\"what-order-types-are-available-and-when-to-use-them\"><\/a>What Order Types Are Available and When to Use Them?<\/b><\/span><\/h2>\n<p class=\"p3\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">When placing your orders, you have a range of options to choose from:<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12050\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/ordertypes-1.png?resize=700%2C534&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"700\" height=\"534\" srcset=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/ordertypes-1.png?w=467&amp;quality=75&amp;ssl=1 467w, https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/ordertypes-1.png?resize=300%2C229&amp;quality=75&amp;ssl=1 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/span><\/p>\n<h3><\/h3>\n<h3 class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\"><b>Limit Order<\/b><\/span><\/h3>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">A limit order is an order placed on the order book with a specific limit price. When you place a limit order, the trade will only be executed if the market price reaches your limit price (or better). You can use limit orders to potentially buy at a lower price or to sell at a higher price than the current market price.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">In general, you can try to be patient to get a better price than what the market price is. This means that if Bitcoin is trading at $66,000, you can place a limit order slightly below at $65,900, which will wait until the price falls to execute. You can place limit orders at night before you go to sleep and see if it hits the mark.<\/span><\/p>\n<h3><\/h3>\n<h3 class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\"><b>Market Order<\/b><\/span><\/h3>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">A market order is an order to buy or sell at the best available current price. It is executed against the limit orders previously placed on the order book. When placing a market order, you will pay fees as a market taker.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Traders place market orders if they\u2019re looking to make an immediate purchase or exit a position immediately.<\/span><\/p>\n<h3><\/h3>\n<h3 class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\"><b>Stop-Limit Order<\/b><\/span><\/h3>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Let\u2019s break down a stop-limit order into its stop price and limit price. The stop price is the price that triggers the limit order, and the limit price is the limit price of the triggered limit order. This means that once your stop price has been reached, your limit order will be immediately placed on the order book.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Although the stop and limit prices can be the same, this is not a requirement. In fact, you could set the stop price (trigger price) slightly higher than the limit price for sell orders or slightly lower than the limit price for buy orders. This could increase the chances of your limit order filling, after it reaches the stop price.<\/span><\/p>\n<h3><\/h3>\n<h3 class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\"><b>Stop Market Order<\/b><\/span><\/h3>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Similar to a stop-limit order, a stop market order uses a stop price as a trigger. However, when the stop price is reached, it triggers a market order instead.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><strong><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Take-Profit Market Order<\/span><\/strong><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Similar to a take-profit limit order, a take-profit market order uses a stop price as a trigger. However, when the stop price is reached, it triggers a market order instead. You can set a take-profit market order under the Stop Market option in the order entry field.<\/span><\/p>\n<h3><\/h3>\n<h3 class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\"><b>Take-Profit Limit Order<\/b><\/span><\/h3>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">A take-profit limit order is similar to a stop-limit order. It involves a trigger price, the price that triggers the order, and a limit price, the price of the limit order that is then added to the order book. The key difference between a stop-limit order and a take-profit limit order is that a take-profit limit order can only be used to reduce open positions.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">A take-profit limit order can be used to manage risk and lock in profit at specified price levels. It can also be used together with other order types, such as stop-limit orders, enabling you to have more control over your positions.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Please note that these are not OCO orders. For example, if your stop-limit order is hit while you also have an active take-profit limit order, the take-profit limit order remains active until you manually cancel it. You can set a take-profit limit order under the [Stop Limit] option in the order entry field.<\/span><\/p>\n<h3><\/h3>\n<h3 class=\"p1\"><span style=\"font-family: inter; font-size: 14pt;\"><b>Trailing Stop Order<\/b><\/span><\/h3>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">A trailing stop order helps you lock in profits while limiting potential losses on your open positions. For a long position, this means that the trailing stop will move up with the price if the price goes up.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">However, if the price moves down, the trailing stop stops moving. If the price moves a specific percentage (called the callback rate) in the other direction, a sell order is issued. The same is true for a short position but in reverse. The trailing stop moves down with the market but stops moving if the market starts going up. If the price moves a specific percentage in the other direction, a buy order is issued.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">The activation price is the price that triggers the trailing stop order. If you don\u2019t specify the activation price, this will default to the current Last price or mark price. You can set which price it should use as a trigger at the bottom of the order entry field.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">The callback rate is what determines the percentage amount the trailing stop will \u201ctrail\u201d the price. So, if you set the callback rate to 1%, the trailing stop will keep following the price from a 1% distance if the trade is going in your direction. If the price moves more than 1% in the opposite direction of your trade, a buy or sell order is issued (depending on the direction of your trade).<\/span><\/p>\n<h3><\/h3>\n<h3 class=\"p1\"><span style=\"font-family: inter; font-size: 14pt;\"><b>One-cancels-the-other Order (OCO)<\/b><\/span><\/h3>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">A one-cancels-the-other (OCO) order is a pair of conditional orders. The scenario is that if one order executes, then the other order is automatically canceled.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">An OCO order often combines a stop order with a limit order. This helps to minimize potential losses.<\/span><\/p>\n<h3><\/h3>\n<h3 class=\"p1\"><span style=\"font-family: inter; font-size: 14pt;\"><b>Index Order<\/b><\/span><\/h3>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Index Orders let traders place orders based on a percentage above or below the BTSE index price, setting a Minimum and Maximum Price. Example: for an Index Buy Order: If the maximum price is set at $27,000 and the BTC index is $26,900, the order executes at $26,900.<\/span><\/p>\n<h2><\/h2>\n<p>&nbsp;<\/p>\n<h2 class=\"p3\"><span style=\"font-family: inter; font-size: 18pt;\"><b><a id=\"why-stop-loss-and-take-profit-conditions-are-so-important\"><\/a>Why Stop Loss and Take Profit Conditions are So Important<\/b><\/span><\/h2>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">When placing a futures order, you really need to set up a stop loss condition.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">This is because markets are volatile and you could very easily lose your entire investment in the span of a few hours if you don\u2019t watch the markets carefully.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter;\"><span style=\"font-size: 14pt; color: #000000;\">In this scenario, Bitcoin is trading at $57,615; we set a stop loss at $56,500, meaning the entire position is exited at that point and you take a loss of 240 USDT.<\/span><\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12071\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/tpsl1-1.png?resize=1080%2C670&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"1080\" height=\"670\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/tpsl1-1-980x607.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/tpsl1-1-480x297.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1200px, 100vw\" \/><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">While this may seem painful, if Bitcoin dropped even lower to $55,000, you\u2019d get liquidated and lose your entire balance of &gt;400 USDT. Stop loss conditions enable you to cut your losses so you can live to fight another day.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">With naked futures positions with no stop loss conditions, you could very well lose your entire balance and run out of money.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">You can also adjust take profit \/ stop loss conditions after they\u2019ve been set \u2013 we illustrated this in the above Adjusting Margin &amp; Leverage section.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">But let\u2019s take another look at how we can use the interface to calculate the profits and losses we\u2019d incur if the trigger prices are hit. After you click the pencil icon next to the TP\/SL field in your existing position, this window pops up:<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12051\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/tpsl2-1.png?resize=501%2C736&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"501\" height=\"736\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/tpsl2-1.png 501w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/tpsl2-1-480x705.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 501px, 100vw\" \/><\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">In the field we change the take-profit and stop-loss conditions to $63,000 and $55,000. If it hits the top end of the range, the sell order automatically executes and you take a 1135 USDT profit. If it slides to $55,000 and triggers the stop loss order, then the sell order executes and you take a loss of 572 USDT.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-family: inter;\"><b><a id=\"advanced-features\"><\/a>Advanced Features\u00a0<\/b><\/span><\/h2>\n<h2><span style=\"font-size: 14pt;\"><strong><span style=\"font-family: inter;\"><a id=\"one-way-mode-vs-hedge-mode-vs-multiple-mode\"><\/a>One-Way Mode vs Hedge Mode vs Multiple Mode<\/span><\/strong><\/span><\/h2>\n<p class=\"p3\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">In Hedge mode, you can simultaneously hold long and short positions for a single contract. A trader may do this if they\u2019re bullish on an asset long-term but bearish in the short term. With Hedge mode, your quick short positions won\u2019t affect your long positions.<\/span><\/p>\n<p class=\"p3\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">The default position mode is the One-Way mode. This means that you can\u2019t open both long and short positions at the same time for a single contract. If you tried to do so, the positions would cancel each other out. If you want to use Hedge mode, you\u2019ll need to enable it manually like so:<\/span><\/p>\n<ol>\n<li><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Go to the top right of your screen and click on the gear icon (Settings).<\/span><br \/>\n<span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12016\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/modecomparison.png?resize=1080%2C428&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"1080\" height=\"428\" srcset=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/modecomparison-980x388.png 980w, https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/modecomparison-480x190.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1208px, 100vw\" \/><\/span><\/li>\n<li class=\"li1\"><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Near the bottom, click the pencil icon to adjust position mode.<\/span><br \/>\n<span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12017\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/modeswitching1.png?resize=409%2C1057&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"409\" height=\"1057\" srcset=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/modeswitching1.png?w=267&amp;quality=75&amp;ssl=1 267w, https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/modeswitching1.png?resize=116%2C300&amp;quality=75&amp;ssl=1 116w\" sizes=\"(max-width: 409px) 100vw, 409px\" \/><\/span><\/li>\n<li><span style=\"font-family: inter; color: #000000; font-size: 14pt;\">Select [Hedge Mode]. You\u2019ll then be allowed to set up long and short positions for the same futures contract. Please note that if you have open orders or positions, you won\u2019t be able to adjust your position mode.<\/span><br \/>\n<span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12019\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/modeswitching3.png?resize=409%2C638&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"409\" height=\"638\" \/><\/span><\/li>\n<\/ol>\n<h3 class=\"p1\"><span style=\"font-family: inter;\"><b><span style=\"font-size: 14pt;\">Multiple Mode<\/span><br \/>\n<\/b><\/span><\/h3>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">At the same menu, you can also select Multiple Mode.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">The Multiple Mode permits traders to simultaneously hold multiple long and short positions in the same market. Each position has its own independent margin and leverage settings. This enables increased flexibility when opening positions, because it ensures that each entry price remains independent across different positions. Please note: currently, a maximum of five positions and orders can be opened simultaneously for a single market.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">This is important if you decide to deploy trading bots. You\u2019d be able to run two long BTC-PERP trading bots, two short BTC-PERP trading bots, and run a manual fifth position of your choice.<\/span><\/p>\n<h3 class=\"p1\"><span style=\"font-family: inter; font-size: 14pt;\"><b><a id=\"what-is-the-funding-rate-and-how-do-i-check-it\"><\/a>What is the Funding Rate and How do I Check it?<\/b><\/span><\/h3>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">The funding rate ensures that the price of a perpetual futures contract stays as close to the underlying asset\u2019s (spot) price as possible.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Essentially, traders are paying each other the funding rate, depending on their open positions. What dictates which side gets paid is determined by the difference between the perpetual futures price and the spot price.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">When the funding rate is positive, the longs pay shorts. When the funding rate is negative, the shorts pay longs.<\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Depending on your open positions and the funding rates, you\u2019ll either pay or receive funding payments. Funding payments on BTSE are paid every 8 hours. You can check the time and the estimated Funding Rate of the next funding period at the top of the page, next to mark price.<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12060\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/fundingrate1-1.png?resize=461%2C89&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"461\" height=\"89\" \/><\/span><\/p>\n<p class=\"p1\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">If you\u2019d like to check the previous funding rates for each contract, go to the Contract Details section in the bottom right hand corner of the page and click on Funding Rate History.<\/span><\/p>\n<p><span style=\"font-family: inter;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12061\" src=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/fundingrate2-1.png?resize=700%2C541&#038;quality=75&#038;ssl=1\" alt=\"\" width=\"700\" height=\"541\" srcset=\"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/fundingrate2-1.png?w=440&amp;quality=75&amp;ssl=1 440w, https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2024\/08\/fundingrate2-1.png?resize=300%2C232&amp;quality=75&amp;ssl=1 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/span><\/p>\n<h3 class=\"p1\"><span style=\"font-family: inter; font-size: 14pt;\"><b><a id=\"getting-liquidated-what-happens-and-how-can-i-prevent-this\"><\/a>Getting Liquidated \u2013 What Happens, and How Can I Prevent This?<\/b><\/span><\/h3>\n<p class=\"p2\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Liquidation happens when your margin balance falls below the required maintenance margin. The margin balance is the balance of your Futures Wallet, including your unrealized PnL (Profit and Loss).<\/span><\/p>\n<p class=\"p2\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">So, your unrealized profits and losses from futures positions will cause the margin balance value to change. If you\u2019re using Cross Margin mode, this balance will be shared across all your positions.<\/span><\/p>\n<p class=\"p2\"><span style=\"font-family: inter; font-size: 14pt;\"><span style=\"color: #000000;\">If you\u2019re using<\/span> <a href=\"https:\/\/www.btse.com\/blog\/introducing-isolated-margin-for-futures-trading\/\">Isolated Margin<\/a> <span style=\"color: #000000;\">mode, this balance can be allocated to each individual position. We recommend using Isolated Margin mode for your trades to protect your Futures Wallet balance; though you might have to invest more into each position to reduce the risk of liquidation.<\/span><\/span><\/p>\n<p class=\"p2\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">The maintenance margin is the minimum value you need to keep your positions open. It varies according to the size of your positions. Larger positions require a higher maintenance margin.<\/span><\/p>\n<p class=\"p2\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">When liquidation happens, all of your open orders are canceled and your position is exited, using up your margin balance to pay the money you owe.<\/span><\/p>\n<p class=\"p2\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">Ideally, you should keep track of your positions to avoid auto-liquidation, which comes with an additional fee. If your position is close to being liquidated, consider manually closing the position quickly through a market order instead of waiting for the auto-liquidation process.<\/span><\/p>\n<p class=\"p2\"><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">You\u2019ll take a loss but hopefully won\u2019t lose your entire balance, and you can live to trade another day.<\/span><\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h1><span style=\"font-family: inter;\"><b><a id=\"closing-thoughts\"><\/a>Closing Thoughts<\/b><\/span><\/h1>\n<p><span style=\"font-weight: 400; font-family: inter; font-size: 14pt; color: #000000;\">Traditional futures contracts are derivatives that give traders the obligation to buy or sell an asset in the future. The biggest benefit of trading futures is leverage \u2013 you can enlarge your trading positions and make outsized gains, but at the risk of liquidation and losing your entire investment.<\/span><\/p>\n<p><span style=\"font-weight: 400; font-family: inter; font-size: 14pt; color: #000000;\">Derivatives can be confusing for inexperienced traders, so it\u2019s crucial to understand how these contracts work before taking financial risks. We strongly recommend that traders educate themselves and utilize the TestNet on BTSE to practice futures trading strategies without risking real funds. Always trade with caution, assess your risk tolerance, and consider seeking advice from financial professionals.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: inter; font-size: 14pt; color: #000000;\">For other tutorials and resources, visit our Education page <a href=\"https:\/\/www.btse.com\/blog\/category\/education\/\">here<\/a>.<\/span><\/p>\n<hr \/>\n<p><em>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0<a href=\"mailto:support@btse.com\">support@btse.com<\/a>\u00a0or on X\u00a0<a href=\"https:\/\/x.com\/BTSE_Official\">@BTSE_Official<\/a>.<\/em><\/p>\n<p><em>Disclaimer: BTSE blog content is intended solely to provide varying insights and perspectives.\u00a0 It does not constitute financial, legal, or investment advice and should not be relied upon as such. The views expressed are not necessarily those of BTSE. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Trading involves substantial risk due to market volatility, and past performance is not indicative of future results. Always trade with caution and consider seeking advice from a qualified professional before making any financial decisions.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The content provided in this guide is for informational purposes only and does not constitute legal, financial, or investment advice. Trading futures and using leverage involve high risk, including the possibility of losing more than your initial investment. BTSE does not offer investment advice, and users should consult with qualified professionals before making trading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-12135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Ultimate Guide to Trading Crypto Futures on BTSE &#8212; BTSE Blog<\/title>\n<meta name=\"description\" content=\"Our ultimate guide to trading crypto futures is here! All you need to know, from the basics to advanced features. 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