Cryptocurrency Spot Trading – What is Stop-Limit?
Tutorial: USDT – Margined Futures Contracts Trading Simulation on OKEx
Log in on www.okex.com, click on ”Derivatives”→ “Futures” and get into “Futures with USDT Margin” as the following two screenshots
Click on “Margin Mode” and choose ”Fixed” or “Cross” margin mode, and select “leverage” , which ranges from 0.01-100 times. You can choose “BTC”or “Contracts” as your currency “Unit” as the following screenshots.
Step III. Open Positions
Click on “Open” and input the bid price (you can select “BBO” which executes the order ASAP ), click on the“Amount(Cont)” and input the amount of contracts you are willing to open, then choose“open short” or “open long”.
Step IV. Close Position
Click on“Close” and input “Price” (you can select “BBO” which executes the order ASAP), click on the“Amount(Cont)” and input the amount of contracts you are willing to close, then choose“Close Short” or “Close Long” to close your positions.
Step V. P/L Calculation
P/L of buying long on USDT futures= (Close price-open price)* amount of contracts* face value
P/L of selling short on USDT futures= ( open price-close price)* amount of contracts* face value
Suppose we buy long on “BTC/USDT” trading pair, the opening price starts at 9600USDT, and the close price at 9186.8USDT, with the total amount of 1,111 contracts, and the face value is 0.0001, so the P/L is (9186.8-9600)×1111×0.0001=45.9USDT.