What is a Perpetual Contract?
Traditional futures contract is an agreement to buy or sell a currency, commodity or other instrument at a predetermined price at a specified time in the future.
Perpetual contracts, also known as perpetual swap, is an innovative derivatives product that similar to the traditional futures trading. However, unlike the traditional form of futures contract, it has no expiration date. In other words, traders can hold a position for as long as they like if not being forced to liquidate.
Features of Perpetual Contract
No Expiry Date & Settlement
Different from spot trading requiring immediate settlement and futures contracts having settlement on a specified date, perpetual contract do not have an expiration.
Mark to Market
Bexplus's perpetual contract' price is marked to the spot market of 5 top exchanges including Binance, Poloniex, Bitfinex, Huobi and ZB, preventing unfair liquidations that may happen when the market is highly volatile.
Long & Short
Investors can either go long (buy/up) or go short (sell/down) BTC, ETH, ADA, DOGE, XRP and etc. No matter the market is rising or falling are profitable.
Traders can enter positions greater than their account balance with up to 100x. Get bigger gains with lower capital invested in.
Take profit & stop loss
take profits or stop loss are auto-trading strategies. Traders can close the positions when the market reaches the pre-set triggered price to guarantee profits or to reduce loss.