What is USDⓈ-Margined Contract?
A futures contract is a crypto derivative that allows investors to profit from price fluctuations by opening long (buy) or short (sell) positions.
CoinEx offers both USDⓈ-Margined Contract and Coin-Margined Contract in Futures trading. USDⓈ-Margined Contract is quoted, settled, and margined in USDT or other stablecoins.
🔗For more concepts about Futures Contracts and USDⓈ-Margined Contract:
A Beginner's Guide to CoinEx Futures Trading >>
Introduction to USDⓈ-Margined Contracts and Coin-Margined Contracts >>
How to Place Orders in USDⓈ-Margined Contract Market
When placing orders in the USDⓈ-margined contract market, you can select different order types for buying (going long) or selling (going short). Also, you can adjust the leverage ratio and margin mode here. (The image below illustrates the BTCUSDT contract.)
1. You can switch margin modes between cross margin mode and isolated margin mode, and adjust the leverages when placing orders.
Learn more: What are Isolated & Cross Margin Modes >>
Note:
- When opening a position in a USDⓈ-margined contract market, the system will calculate the estimated cost, which includes the initial margin required to open the position and trading fees.
- If the limit order you placed cannot be executed immediately, the initial margin and trading fees will be locked for the transaction based on the preset prices.
2. CoinEx supports 4 types of orders for Futures trading: limit order, market order, stop order, and scaled order. You could select the order type based on your needs.
Learn more: Introduction to Futures Order Types >>
3. When you believe the price goes up, you could earn profits by buying (going long). When you believe the price goes down, you could earn profits by selling (going short).
🔗Learn more:
How to Buy Long in USDⓈ-Margined Contract (App) >>
How to Sell Short in USDⓈ-Margined Contact (App) >>
4. When opening a position, you can set a TP/SL price to lock in profits and stop losses. The position will be automatically closed when the market price reaches the trigger price.
Learn more: Introduction to Futures Take-Profit and Stop-Loss (TP/SL) >>
How to Check or Cancel Futures Orders
After placing orders, you can check the pending orders or order history. You can also cancel the pending order if needed.
Method 1:
1. On the CoinEx App, click the [Futures] button at the bottom of the page to enter the “Futures” page. Slide down and you will see the [Pending Order] and [Order History].
2. Click [Pending Order] to view open orders in the current market. To cancel an order, click [Cancel] on the bottom of the page.
Note: To view open orders in all markets, uncheck the [Show current market only] box.
3. Click [Order History] to check historical orders in the current market.
Method 2:
1. On the CoinEx APP, click the avatar at the top left corner and select [Order Center], you will see the [Futures Orders].
Note: You can click [More] to open the [Services] menu, then click [Orders] to enter the [Order Center].
2. Click [Futures Orders] > [Order] > [Pending Order] to view all pending orders. To cancel an order, you can click [Cancel] on the right side of the page or click [Cancel All] to cancel all orders simultaneously.
Note: If you want to check pending orders in a specific market, you can click the filter button at the top right corner to open the Order Filter. Then select the market and side, and enter keywords under “Market” to search specific contract markets.
3. Click [Order History] to check order records across all markets. Additionally, you can navigate to [Trading History] for more information.
Note: If you need to check the position history and funding rate, click [Position] and switch to [Current Position], [Position History], or [Funding Rate] for more futures trading information.
🔗 Explore More
USDⓈ-Margined Contracts Interface Overview (App) >>
Leverage and Margin Explanation for USDⓈ-Margined Contracts >>
Fee Structure for USDⓈ-Margined Contracts >>
How to Calculate Margin When Placing USDⓈ-Margined Contract Orders >>
How to Calculate Liquidation Price For USDⓈ-Margined Contracts >>