Bitget Coin-Ⓜ Futures: User Guide
I. What is Coin-Ⓜ Futures
Coin-Ⓜ Futures support margin from multiple coins to trade multiple trading pairs, changing the traditional trading method that Ex.Inverse futures only apply to specific coins, allowing crypto holders to have more trading options, effectively increasing the utilization rate of funds, and trading and holding crypto to increase revenue shared.
For example: using ETH as a margin, you can trade BTCUSD, ETHUSD, EOSUSD and profit and loss will be calculated in ETH. The perpetual Coin-Ⓜ Futures avoids the cumbersome coin-to-coin exchange process and saves the exchange cost, and at the same time can obtain the profit brought by the increase of the margin coin.
II. How to open Coin-Ⓜ Futures
Step1: Log in Bitget official website www.bitget.com
Step2: Select “Ex.Futures”→ click “Futures”
Step3：Select " Coin-Ⓜ Futures " in the upper navigation bar
III. How to trade Coin-Ⓜ Futures (webpage)
1.Go to trading page
Log in with your Bitget ID, go to Coin-Ⓜ Futures trading page.
- Transfer funds
Before opening a position, if there are no assets in your Coin-Ⓜ Futures account, you can click on the "Transfer" function to transfer crypto from other accounts to Coin-Ⓜ Futures account. There is no fee for internal transfers.
- Open position
After selecting the trading pair, margin mode, order type, and leverage, enter the price and quantity, and select the direction to place an order.
2 types of margin modes: isolated margin mode and cross margin mode
1) Isolated margin mode: Users can hold positions in both directions, and the risks of short positions and long positions are calculated separately. Liquidation will only lose the position margin only. When the user closes the position, the loss and profit generated by the short position and the long position respectively will be immediately settled into the position margin of the corresponding position.
2) Cross margin mode: All available funds in the futures account are treated as available margin, and when the position loss exceeds the account balance, the position will be liquidated. The account under cross margin mode has a strong ability to carry losses, which is convenient for operation and calculation of positions.
After submitting the order, if the transaction is not completed immediately, you can view the order details in "Open Orders". If the transaction is executed immediately, you can view the order details in "Position". And can carry out "adjust leverage" and "close position" operations.
- Check profit and loss
1) When there is a position, user can view it in the "Position" list. The income is classified into unrealized P/L and realized P/L.
Unrealized P/L: the estimated profit and loss amount after the current position is closed at the marked price or the latest transaction price. Red represents losses and green represents profits.
Realized P/L: includes the funds rate charged regularly and the income obtained from partial position close. Red represents losses and green represents profits.
2) After position close, P/L can be found in “Order details”.
- Close position
There are 2 ways to close position, close or flash close.
On the right side of the position list, select the method to close position, enter the closing price and quantity, and click the button to close the position. If it is not executed immediately, it will be displayed in the open orders list. The close position order can be revoked, and you can immediately close the position without entering the price if you choose the flash close button.
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