1. Overview
Perpetual contracts are virtual products settled in USDT, allowing users to profit from market movements by going long (buy) or short (sell). Echobit offers leverage ranging from 1x to 125x.
Key Differences from Delivery Contracts:
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No Expiry Date: Unlike delivery contracts with fixed settlement dates, perpetual contracts never expire.
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Funding Rate Mechanism: Maintains price alignment with the spot market.
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Index Pricing: Unrealized P&L is calculated based on index prices, reducing liquidation risks during volatility.
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Tiered Maintenance Margin: Larger positions require higher maintenance margins, limiting maximum leverage as position size increases.
2. Trading Fees
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Maker Fee: 0.02%
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Taker Fee: 0.06%
3. Contract Details
Visit the official website for full product specifications.
Echobit Team
