How to trade perpetual futures on Toobit?

What is USDT-M Futures?

Key features of USDT-M Futures

• Simplified calculations: All P&L and margin calculations are conducted in USDT.
• Perpetual contracts: No expiration date.
• Leverage support: Offers a range of leverage options to help traders scale their positions.
• Hedging capabilities: Support for hedging positions in the same asset.

How to trade USDT-M futures on Toobit (web)?

1. Open the Toobit website and log into your account. Then click on [Assets] → [Futures Account].
2. Transfer from [Spot Account] to [USDT-M Futures Account].
3. Select the cryptocurrency, for example, USDT.
4. Enter the amount to transfer, then confirm.

1. Click [Futures] in the top menu.
2. Select USDT-M Perpetual from the dropdown.

1. In the USDT-M Futures section, search and select your desired trading pair (e.g., BTCUSDT, ETHUSDT).

1. Select the Margin Mode:

• Cross Margin: Uses your entire account balance as collateral for all positions.
• Isolated Margin: Limits collateral to the specific position you open.

2. Click [Leverage] and adjust the Multiplier for your trade.
3. Choose [Order Type].
4. Enter the order details and select [Buy long] or [Sell short] based on your market expectations.
5. Confirm the order.

• Isolated: Each position is calculated separately. If liquidation is triggered, assets in other Isolated or Cross Margin accounts will not be used to cover the loss. Additional margins must be added manually.

• Cross: All available balances of the settlement currency are shared across positions to help avoid liquidation. If account equity falls below the maintenance margin requirement, forced liquidation will occur, and all assets in that currency will be at risk.

1. Navigate to the [Positions] tab in the trading interface to view open trades.
2. Use the "Market, Limit, Reversal, Flash close" button to exit positions.

How to trade USDT-M Futures on Toobit (app)?

1. Tap [Futures] on the bottom menu bar.
2. Select USDT-M to access the trading interface.

1. In the USDT-M Futures trading interface, search for and select your preferred trading pair (e.g., BTCUSDT, ETHUSDT).

1. Select the Margin Mode:

• Cross Margin: Uses your entire account balance as collateral for all positions.
• Isolated Margin: Limits collateral to the specific position you open.

2. Click [Leverage] and adjust the Multiplier for your trade.
3. Choose [Order Type].
4. Enter the order details and select [Buy long] or [Sell short] based on your market expectations.
5. Confirm the order.

1. Go to the Positions tab to track open trades.
2. Use Close Position to exit a trade when desired.

Key reminders for USDT-M Futures trading

• Leverage management: Higher leverage may amplify potential profits but also magnify risks. Trade responsibly and understand the implications before adjusting leverage.
• Set TP/SL orders: Define Take-Profit and Stop-Loss levels in advance to automate position exits once the preset thresholds are reached.
• Monitor liquidation risk: Regularly check your margin ratio to reduce the risk of forced liquidation caused by insufficient collateral.
• Follow market trends: Stay updated on market movements and adjust your trading strategy promptly to keep pace with changing conditions.

FAQs

1. What is the minimum amount required for USDT-M futures trading? The minimum amount varies by trading pair and its margin requirements. Please check the trading interface for the exact amount.
2. How does margin work in USDT-M futures? Margin refers to the USDT collateral required to open and maintain your positions. You can choose between Cross Margin and Isolated Margin modes depending on your trading strategy.
3. What happens if my margin ratio falls too low? If your margin ratio falls below the maintenance level, your position will be automatically liquidated to prevent further losses.
4. Can I trade USDT-M futures on both the app and website? Yes. USDT-M futures trading is available on both the Toobit app and website, with the same core features supported across platforms.
5. Can I adjust leverage after opening a position? Yes. Leverage can be adjusted to open positions. Please note that changing leverage will affect your margin requirements and overall risk exposure.
6. How can I manage liquidation risk? To reduce liquidation risk, always maintain a healthy margin ratio. Monitor your positions closely and consider using stop-loss orders for better risk management.
7. How can I view my current positions and profit/loss? You can check all active positions and their real-time profit and loss in the [Positions] section of the trading interface.