How to play Huobi Perpetual Contract? An article to understand the operation process of Huobi Perpetual Contract

Huobi Exchange is currently one of the most popular digital currency exchanges among investors. It provides investors with a variety of digital currency trading methods, among which the most popular ones are spot trading and contract trading. , and among contract transactions, investors prefer perpetual contract transactions, but for newcomers to the currency circle, they do not know how the Huobi perpetual contract operates.

How to play Huobi Perpetual Contract?

1. Log in to Huobi.com, find "Coin Standard Sustainability", and click to enter.

#2. In the pop-up prompt for unactivated contract transactions, click "Open Perpetual Contract" to enter the perpetual contract activation page.

#On the perpetual contract activation page, if the identity authentication has not been completed, identity authentication must be performed first. After completing the authentication, click "Next" to enter the user service agreement page. After agreeing to the agreement, click "Confirm and Activate" to successfully activate contract trading.

4. After completing the activation of the perpetual contract, you can view the account UID, account & security, rate and other information in the upper right corner of the navigation bar.

5. Click the "Transfer" button. (Or click the "Contract Assets" navigation at the top of the page to enter the asset page and click the "Transfer" button) If you do not have digital assets, click the "Buy Coin" button to purchase them in the legal currency trading area.

In the pop-up "Transfer" page, choose to transfer from "Coin Account" to "Perpetual Contract Account", select the currency to be transferred and enter the required Transfer the amount and click OK.

Note: Currently, only mutual transfers between “Currency Account” and “Perpetual Contract Account” are supported.

6. After the transfer is completed, you can see the total equity converted into BTC in the upper left corner of the transaction page, and then you can conduct perpetual contract transactions (click the little eye to hide user asset information).

#7. Select the corresponding contract type according to your needs, such as BTC perpetual contract.

#8. The perpetual contract currently supports a maximum multiple of 125 times. If the user uses a high multiple of more than 20 times, he must first read and agree to the "High Multiple Agreement" and choose according to the situation. Leverage multiple.

After selecting the multiple, you can use "limit order" or "plan order" to open a position. If you are bullish, you can choose "buy to open long", and if you are bearish, you can choose "sell to open." null".

Limit price order: Enter the price and quantity to place an order; or choose "opponent price", "best 5 levels" and other methods, and just enter the quantity to place an order.

A limit order specifies the highest price a user is willing to buy or the lowest price they are willing to sell. After the user sets the price limit, the market will give priority to the transaction at a price that is favorable to the user. Limit orders can be used for both opening and closing positions. Limit orders can choose three effective mechanisms, "Maker only (Post only)", "Full execution or immediate cancellation (FillOrKill)", "Immediate execution and cancellation of the remaining (ImmediateOrCancel)"; when no effective mechanism is selected, the limit order will be limited to Price orders default to "always valid".

Planned order placement: Set the trigger price, order price and quantity. When the latest market transaction price reaches the trigger condition, the system will set the order price and quantity in advance. Place an order (i.e. limit order).

9. After the order is successfully placed, the completed position is displayed in the "Current Position" column, and the untransacted part is displayed in the "Current Order" column (the order can be canceled before the matching is successful).

#10. When closing a position, select "Limit Order" or "Plan Order" to close the position according to the situation, and click to close the long contract "Sell to close long", choose "Buy to close short" to close short contract.

#11. Move the mouse to "Contract Information" in the navigation bar to view information such as "Settlement Records", "Risk Reserves", and "Funding Rates".

12. Move the mouse to the top of the page to navigate "Transaction Management" to view "Financial Records", "Historical Orders", "Transaction records" and other transaction data.

Reasons for perpetual contract liquidation:

1. In isolated position mode: when the user’s position is at level 2 and below, the margin rate is low When the maintenance margin rate and liquidation handling fee required by this level are met; or when the user's position is at level 3 and above, but the margin rate is lower than the maintenance margin rate and liquidation handling rate required by level 1, the system will directly All the positions in this position are entrusted to the liquidation engine according to the bankruptcy price (the price at which all margins are lost).

2. In cross margin mode: when the user's position is at level 2 and below, and the margin rate is lower than the maintenance margin rate required by this level; or the user's position is at level 3 and above, but When the margin rate is lower than the maintenance margin rate required for level 1 and the liquidation fee, the system will directly entrust all positions under the contract to the liquidation engine at the bankruptcy price (the price at which all margins are lost).

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