What is futures mode?
The futures mode is one of the transaction modes under a unified trading account. It is suitable for customers of spot, leverage, and futures transaction.
1. Mode selection
App: Tab twice Trade > Futures
Web: Select Trade page > Futures > Settings > Account mode > Futures mode
2. Tradable Services
Spot, Leverage, Expiry Futures, Perpetual Futures, Options
3. Usable margin Mode
Isolated margin, Cross margin.
4. Risk control rules
For futures and leverage cross margin position with the same settlement currency, margin is shared and profits and losses offset each other.
For example: if you choose Futures > Cross margin mode to trade BTC crypto-margined perpetual futures, and at the same time use BTC as margin in BTC/USDT leverage trading to open long on BTC, then these two positions will share the margin and offset each other's profits and losses.
In Cross Margin mode, if there is an extreme market situation and a single asset position suffers significant losses, it is possible for the entire balance of a particular crypto in the account to be completely lost.
In Isolated Margin mode, positions are independent, and the margin is separate and cannot be shared.
5. Position Reduction Alert
In futures mode, when the maintenance margin ratio ≤ 300%, the system will issue a position reduction warning to your account, and you need to be aware of the risk of position reduction; when the maintenance margin ratio is ≤ 100%, your position will get liquidate.