If you are new to cryptocurrency Perpetual Futures, we sincerely recommend that you learn some basics about cryptocurrency Perpetual Futures before starting trading.
There are two versions of Coincall’s Perpetual Futures trading interface. A Pro version for professional traders and a Lite version that offers a simplified interface and process for beginners.
Coincall provides USDⓈ-Margined Futures that take USDⓈ as a margin to exchange bitcoin or other popular Futures.
This article will give you a detailed introduction to the composition of the trading page of the Lite version of Futures to help you better start trading.
The Perpetual Futures trading page consists of many sections, the following is an overview of the trading page:
Section 1: Account Overview
The account overview is located at the top of the transaction page. Once you enter the transaction page, you will see your account data, including total account assets (calculated in USD equivalent), Equity, Available balance, Margin balance, Unrealized profit and loss, and initial margin, Maintenance margin.
The upper right of this section shows the account's initial margin rate and maintenance margin rate for you.
Section 2: Candlestick chart
The upper part shows the real-time mark price, index price, 24-hour highest and lowest transaction price, and 24-hour transaction volume.
The middle part is the candlestick chart, which revolves around the four data of the opening price, the highest price, the lowest price, and the closing price, reflecting the general market situation and price information. The time can be switched under the chart, and you can adjust the time span of the candle line according to your own needs.
Section 3: Order Book and Trades
The order book displays the Bid and Ask orders for the Futures you selected, including the pending order volume and Bid and Ask prices. Below the order book, you will find the latest transaction records.
Tip: Bid and ask columns display the prices at which market participants are willing to buy or sell Perpetual Futures.
Section 4: Place Order
The trading range is located on the far right side of the transaction page, and the buy/long and sell/short buttons are at the bottom of the Order.
To place an order on Futures, please select the order type and leverage and enter your order quantity.
a Set order type
b Enter the price to buy or sell
c Enter the amount to buy or sell
d Select Reduce Only(optional)
Your account's cost and balance will be displayed below the buy and sell buttons. For market orders, the margin required will not be shown as the price will only be known after the order is executed.
Coincall provides 5 order types, click to learn more
Click on the upper right corner of the order window and drag the dot on the horizontal line to adjust the leverage of the order.
Position value = leverage * margin. The leverage is utilized to multiply your earnings. The higher the leverage is, the greater the earnings you will have and so does the losses you will have to bear, so please be prudent in your choices.
The bottom of the order window shows the order data and the advantages and disadvantages of trading Futures under the same conditions as futures contracts. Users can click the button below on the Futures page for trading.
Compared with the Pro version, the order window of the Lite version is more concise. Users need to choose their trading direction to buy/sell first, and then fill in the order.
Section 5: Position Overview
The Position Overview displays detailed information about your positions, including Position Summary, Expiration Date, Greeks, Position, Open Orders, Order History, Trade History Funding, and Delivery.
“Positions” will display the following information about your position: contract name, side, amount, entry price, mark price, ELP, profit and loss (return rate), initial margin, maintenance margin, and Delta.
Before the option expires, you can go to the far right area to close the position. Here we provide two trading methods: Market All and Limit.
"Market All" means that you will sell/buy all the Futures at the market price.
To close a position at a limit price, you need to enter the price you want to buy/sell the option in "Price", enter the quantity you want to buy/sell in "amount", and click the "Limit" button. The system will execute the closing for you.
The Open order will show you the specific information of the order that has not yet been filled. If you want to cancel the order, you can click “Cancel” on the far right to complete it.
The transaction records can be queried in "Orders History" and "Trade History ". The Funding shows you the breakdown of fees for each order.
This is the introduction to the Perpetual Futures trading page. Hope to help you better start trading.