Poloniex Futures offers USDT collateralized perpetual contracts.
|
Type |
Margin |
P&L & Settlement Coin |
Max Leverage |
Supported Contracts |
Price Fluctuation |
|
USDT Collateralized
|
USDT |
USDT |
100x |
BTC/ETH/TRX/XRP… |
Stable, will not be influenced by USDT price fluctuation |
Layout Overview
- Trade: You can open/close either a long or short position.
- Market: Poloniex offers a candlestick chart, market chart, as well as the recent trade list and order book on the trading interface to display the Futures market changes for you in full dimension.
- Positions: In the position area, you can check your open positions and order status.
How To Trade
1. Log in or Sign up
- Log In: If you already have a Poloniex account, you can log in directly to start trading on Poloniex Futures.
- Sign Up: If you do not have a Poloniex account, please sign up and start trading on Poloniex Futures.
2. Enable Futures Trading
To enable Futures trading, please click the button “Enable Futures Trading”
3. View Futures Balance
To check your balance on Poloniex, click “Wallet” in the top right corner of the page and you will see your balances in all accounts.
Futures account
Account Total: Account equity, including unrealized P&L
Available Balance: Balance available for trading or transfer
Unrealised P&L: Total unrealised P&L of current positions
Position Margin: Total margin of current positions
Order Margin: Total margin of current orders
Frozen Funds: Stuck funds when transfer failed
To fund your Poloniex Futures account, you will need to visit the transfer balances page and transfer USDT from your exchange wallet to Futures wallet.
4. Place order
To place an order on the Poloniex Futures, please select the order type, leverage, and enter your order amount.
Order Type
Poloniex Futures supports 3 types of orders: a) limit order, b) market order, c) stop order.
- Limit Order: A limit order is used to pre-specify a price to buy or sell. You could enter the order price and amount and click “Buy/Long” or “Sell/Short” to place a limit order.
- Market Order: A market order is a buy or sell order that get filled immediately at the best recently available price on the market. You could enter the order amount and click “Buy/Long” or “Sell/Short” to place a market order.
- Stop Order: A stop order is a conditional order that set to place a Limit or Market order when the condition set for the target stop price is being triggered. For example, when the Last Price reaches 47514 USDT, a Limit order will be placed at the price of 42457 USDT as the below picture shows. However, the order might not execute when the market fluctuates too rapidly.
Amount
You can choose how to display the Amount/order unit, either “lot” or “BTC/ETH…”. If you choose to switch the unit, the order book will change accordingly.
Leverage
Leverage can be used to amplify your gains. The higher the leverage is, the greater the earnings potential. The inverse can be said as well, with higher leverage comes a higher chance for loss. Read more about the risks of Futures trading here.
Advanced Settings
Poloniex Futures offers Advanced Order Settings including “Post Only”, “Hidden”, “Reduce Only” and Time in Force Settings such as “Good till cancel”, “Immediate or cancel”. Please note that these advanced settings are only available for limit or stop orders.
Max Bid Price & Min Ask Price
There is a price protection mechanism. The buy order price cannot exceed the price = Mark Price + Mark Price * 5%, and the sell order cannot exceed the price = Mark Price - Mark Price * 5%.
Cost
“Cost” is the amount of initial margin needed to execute an order. Please ensure you have a sufficient balance in your account before placing an order.
Buy/Long & Sell/Short
With Futures contracts, you can hold a long position or a short position
- You will earn profit on a long position if the price of the asset increases.
- You will earn profit on a short position if the price of the asset decreases.
5. Monitor Position
If your order is executed, you can check your position details in the “Open Positions” section.
Take Profit/Stop Loss: When you set Take Profit or Stop Loss, the order will be executed at Market price when it is triggered, to help mitigate any risk and/or loss.
Value: Position value = amount * Mark Price * multiplier
Entry Price: Average entry price of your current position.
Liquidation Price: When the Mark Price reaches the liquidation price, the position will be liquidated.
Margin: The margin balance for your open position. And the leverage is the actual leverage, and changes along with the unrealized P&L.
Unrealized P&L: The unrealized profit and loss of the current position. Please keep in mind that this is an estimation. The percentage indicates the proportion of the profit and loss to the order amount.
Realized P&L: Realized profit/loss of your position. Trading fees as well as funding fees are also included in the realized P&L calculation.
Auto-Deposit Margin: If Auto-Deposit Margin mode is enabled, funds in your Futures wallet will be added to your existing positions whenever a liquidation is about to occur, to prevent your position from being liquidated.
6. Close Position
To close a position, you can click “Limit/Market” directly in the position area.
1) Close with Market Order: Enter the position size you plan to close, click “Confirm” and your positions will be closed at the current market price.
2) Close with Limit Order: Enter the position size and the price you plan to close and click “Confirm” to close your positions.