Which platform is better for playing perpetual contracts? What does the perpetual contract funding rate mean?

To put it bluntly, a perpetual contract is a futures contract that can be traded forever. Precisely because a perpetual contract can be traded forever, many investors are still more interested in perpetual contracts, which makes the market support perpetual contracts. There are endless trading platforms for contract renewal.

What does the perpetual contract funding rate mean?

The perpetual contract funding rate is an important mechanism used to maintain the balance of the perpetual contract market and ensure that the contract price is consistent with the price of the underlying asset. close connection between them.

In perpetual contract trading, when the market trend is bullish, the funding rate is positive, and long traders need to pay funding fees to short traders to encourage shorts to participate in the market and increase liquidity; on the contrary, when When the market trend is bearish, the funding rate is negative, and short traders need to pay funding fees to long traders to attract longs to participate in the market. The funding rate is not a fee charged directly by the exchange, but is paid between the long and short positions. The purpose is to make the price of the perpetual contract close to the spot index price. The funding rate is settled every 8 hours. Funding fees are collected or paid only at specific time points (such as 08:00, 16:00 and 0:00 every 8 hours). Only positions held at that time can be used. Funding fees need to be paid or collected.

Perpetual contract trading platform summary

1. Huobi Global Station

Huobi Global Station has assets of US$376 million, 619 trading pairs, and a 24-hour trading volume of 100.8 One hundred million U.S. dollars.

Huobi Global Professional Station is an innovative digital asset international station under the Huobi Group that serves professional trading users around the world. It is committed to discovering high-quality innovative digital asset investment opportunities and currently provides more than 40 digital asset categories. trading and investment services, headquartered in Singapore and operated by the Huobi Global Professional Station team. Huobi Group is a digital asset comprehensive service provider with global competitiveness and influence, providing high-quality services to millions of users in more than 130 countries. It has independent trading business and operation centers in Singapore, Hong Kong, South Korea, Japan and other countries and regions. In terms of technology platform, product lines, safety risk control system, operation and customer service system, Huobi Group is in a leading position in the world.

2.BitMEX

BitMEX has assets of US$3.2 billion, 13 trading pairs, and a 24-hour trading volume of US$1.187 billion.

BitMEX was established in the Republic of Seychelles and is the most advanced international Bitcoin derivatives station. It provides up to 100 times leverage for Bitcoin products and also provides high leverage for other digital currency products.

BitMEX adopts the latest multi-factor security mechanism from the inside out, with high security performance. BitMEX also offers various contract types. All contracts are purchased and paid for in Bitcoin.

3. Binance

Binance has assets of US$1.489 billion, 622 trading pairs, and a 24-hour trading volume of US$5.173 billion.

Binance, the world's leading international station for blockchain digital assets, provides the world with a wide range of digital currency transactions, blockchain education, blockchain project incubation, and blockchain asset issuance platforms. Blockchain Research Institute and blockchain charity services currently have users in more than 180 countries and regions around the world. With 1.4 million orders/second core memory matching technology, it is one of the fastest cryptocurrency transaction platforms in the world. It is also one of the platforms with the largest cryptocurrency trading volume in the world.

4.gate.io

gate.io (click to register) has assets of US$204 million, 395 trading pairs, and a 24-hour trading volume of 82.5147 million Dollar.

gate.io Gate International Station is a global blockchain asset international station with attitude. Since its establishment in 2013, it has provided nearly 100 high-quality blockchain asset trading and investment services to millions of users from more than 130 countries around the world. gate.io is committed to being a trustworthy, safe, stable and reputable international blockchain asset website. It not only provides users with safe, convenient and fair blockchain asset trading services, but also comprehensively guarantees the security and safety of users’ transaction information. Asset security.

5.ZBG

ZBG has assets of US$105 million, 80 trading pairs, and a 24-hour trading volume of US$683 million.

ZBG.com was established in Hong Kong in 2018. With innovative, efficient and global operations, ZBG has quickly become one of the top ten in the industry in a short period of time and is known as the new first-line international station. Currently, the platform supports access in seven languages ​​and provides services to 1.8 million crypto asset investors around the world. The average daily activity on the platform exceeds 120,000. In the future, ZBG will continue to expand the global market and provide stable, safe and fast blockchain project listing, encrypted asset investment and other services for global blockchain enthusiasts.

6.Bybit

Bybit has assets of US$123 million, 5 trading pairs, and a 24-hour trading volume of US$783 million.

Bybit was established in March 2018 and registered in the British Virgin Islands. It is a global digital asset derivatives trading service platform. Users are located in more than 200 countries around the world, covering North America, Europe, Asia-Pacific and other regions, providing professional digital asset derivatives trading services to individual users and professional institutions. Bybit leads the ecological development of digital assets through the combination of digital assets and traditional finance. Provide first-class liquidity and strive to create the safest, fair, efficient and user-friendly trading service platform in the industry.

7.MXC

MXC has assets of US$50 million, 406 trading pairs, and a 24-hour trading volume of US$519 million.

MXC International Station is a platform focusing on the exchange and exchange of blockchain assets created by senior quantitative trading teams from Wall Street and Japan and Europe in conjunction with senior blockchain practitioners through a decentralized self-organization form. MXC will provide users with more secure, convenient and intelligent blockchain asset circulation services, aggregate global high-quality blockchain assets, integrate the world's top security technologies, and strive to create the world's top international station for blockchain assets.

8.OKEX

OKEX (click here to register) has assets of US$35.3506 million, 467 trading pairs, and a 24-hour trading volume of US$3.956 billion.

OKEX is one of the world's famous digital asset international stations. It mainly provides spot and derivatives trading services for digital assets such as Bitcoin, Litecoin, and Ethereum to global users. It is affiliated to OKEX Technology Company Limited. When OKEX was founded, it received millions of dollars in angel investment from the Entrepreneurship Workshop established by the world's top investor Tim Draper. Mr. Tim Draper is also an investor in the world's top companies such as Hotmail, Baidu, and Tesla. In early 2014, OKEX received a US$10 million Series A investment from China's famous venture capital fund Ceyuan Ventures and Longling Investment, the founder of Hong Kong-listed company Meitu (01357.HK).

9.BitZ

BitZ has assets of US$32.1 million, 142 trading pairs, and a 24-hour trading volume of US$825 million.

BitZ, founded in the British Virgin Islands in 2016, is a world-renowned blockchain asset trading service platform. It has currently established branches in ten countries and regions including Singapore, Japan, and South Korea. The well-known data rating agency TokenInsight released the token exchange rating system, which shows that BitZ ranks fourth in the world. The BitZ team all come from top people in various industries such as global finance, games, e-commerce, and social networking. BitZ's mission is to provide the most secure and efficient services.

10.BTCC

BTCC has assets of US$14.1623 million, 14 trading pairs, and a 24-hour trading volume of US$1.557 billion.

BTCC is the world's leading blockchain asset service platform. It was originally established in Shanghai in June 2011 and received Series A financing from international venture capital Lightspeed Venture Capital in 2013, with a total financing of RMB 500. Ten thousand U.S. dollars. In January 2018, BTCC Group was established in Hong Kong, the international financial center, and set up offices in the United Kingdom and other places, marking BTCC's further entry into the top international capital markets. BTCC fully integrates innovative finance and blockchain technology to continue to provide stable, transparent and fair investment services to global users.

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