I. Preparation before Trading
Step 1. Login and click on [Futures] to enter the trading page.
Step 2. Before using Aibit Perpetual Futures, please carefully read the "Futures Trading Risk Disclosure" and confirm and activate the Futures trading.
Step 3. The Aibit Cross & Isolated position Perpetual Futures are settled in USDT, which uses the underlying USDT index. Please confirm that you have USDT balance in the trading account before trading.
Step 4. If there is no fund in your trading account, please click on the【Transfer】button, select to transfer from the【Funding Account】to the 【Trading account】. Choose USDT, enter the amount that needs to be transferred, and finally click on【Transfer】.
Step 5. After the transfer is completed, you can view the total equity and available funds of your account on the right side of the page. Now you can proceed with perpetual futures trading.
II. Opening a position
Step 1. Select the Futures you want to trade.
Step 2. Aibit's Perpetual Futures currently supports a maximum leverage of 100x. Please choose the appropriate leverage multiplier according to your needs. It is important to note that the higher the leverage, the higher the callable funds, but also the greater the risk involved. Please exercise caution and carefully consider your choice of leverage.
Step 3. Once you have selected the desired leverage, you can open a position using various order types such as "Limit" ,"Market" or "Conditional". If you anticipate a price increase, you can choose "Open Long," and if you expect a price decrease, you can choose "Open Short." Aibit's Perpetual Futures supports both long and short positions.
It's essential to be aware that opening an order will require using a certain amount of margin, and closing an order will occupy a position's available quantity. Properly managing your positions and orders is crucial for effective trading.
Limit Order: A type of order that specifies the highest price a user is willing to buy or the lowest price they are willing to sell. Once the limit order is set, the user waits for it to be filled.
Market Order: A type of order that executes immediately at the current best market price.
Conditional Order: This refers to pre-set closing orders with trigger conditions (take profit or stop loss price) and a specified order price. When the latest executed price reaches the pre-set trigger price, the system will place a closing order to the market based on the pre-set order price and quantity, achieving the take profit or stop loss goal. Currently, there are two ways to place take profit/stop loss orders:
- Setting take profit/stop loss when opening a position: This means setting take profit and/or stop loss for a position before it is opened. When placing a limit order to open a position, the user can simultaneously set take profit and/or stop loss orders. Once the opening limit order is executed (partially or completely), the system will immediately place the take profit and/or stop loss orders based on the user's pre-set trigger price and order price.
- Setting take profit/stop loss for an existing position: Users can set take profit and/or stop loss orders for specific positions they hold or set both simultaneously. After setting these orders, when the latest executed market price reaches the trigger condition, the system will place a closing limit order to the market based on the pre-set order price and quantity.
III. Profit and Loss Settlement
Step 1. After the order is successfully placed, the completed orders are displayed in the [Position], and the unfilled part can be viewed in the [Open Orders] (the order can be canceled before the matching trading is successful). If you want to check the details of previous orders, you can find them in [Order History].
Step 2. To close the position you can choose [Limit order]， [Market order] or [Stop Loss/Take Profit] according to the situation, enter the closing price and amount, and click on [Close].
Step 3. The completed opening and closing operations can be viewed in [Order History] and [Position History], which is convenient to calculate the profit and loss.