BVOX Futures: USDT-Margined Swaps Guide

USDT-Margined Swaps interface consists of the following parts：

① Futures list page: In this section, you can select a futures by clicking on the futures name to switch.

② Futures message page: In this section, you can check the current price of the selected futures,24H rise and fall, 24H high/low price, 24H trading volume, expected funding rate, settlement time, index price and other information.

③ Candle page: In this section, you can check the candle and depth ,you can choose from a variety of indicators and tools for market analysis.

④ Position page: In this section, you can check the selected position data and the latest transaction.

⑤ Operating area: In this section, you can open and close position.

⑥ Order area: In this section, you can check the information of the order,For example, [Current Position], [Unfinished Delegation], [Historical Commission], [Historical Transaction], etc.

⑦ Balance page: You can view the [Available Balance], [Free Margin], [Position Margin], [Entrusted Margin] and other information of the futures account, and you can also set asset transfer and risk limits.

• Open

Step 1. Click the futures, choose the futures which you want 

Step 2. In operating area, click [Open], choose [regular]or[Stop-Limit], then choose [Isolated Margin] or [Cross Margin].

Step 3.

Set the [Price], [leverage], [buy amount], then click[BUY（Open Long）]to open long and create a long position.

Set the [Price], [leverage], [Sell amount], then click[Sell（OpenShort）]to open short and create a short position.

• Close:

Step 1. Click the futures, choose and change to the futures which you want 

Step 2. In operating area, click [Close], choose [regular]or[Stop-Limit],choose [Isolated Margin] or [Cross Margin]. 

Step 3.

Enter the price and quantity you want to buy, then click[BUY（CloseShort）]to close a short position.

Enter the price and quantity you want to sell, then click[Sell（CloseLong）]to close a long position.

• Stop-Limit:

When you choose Stop-Limit, you should set Trigger Price and OrderPrice. When the market price meet the trigger price, your order will enter the order pool at the order price for matching.

• Isolated /Cross 

When you choose Isolated, Historical Commission is fixed. And it is started as the starting margin, you can change the amount of the margin by adjusting the leverage, the insurance limit, and recharging the margin. Forced liquidation is triggered when the margin balance is lower than the maintenance margin. At this point, the amount of the position deposit is the maximum loss the user need to bear.

When you choose Cross, all balances in user accounts are used as margin. Users can set positions under multiple futures to full position mode, and all positions with full position mode can share account balances as a margin.However, the unrealized profit or loss portion of the profitable position cannot be used as a margin for other positions.In this margin mode, forced liquidation is triggered when the net asset value is insufficient to meet the maintenance margin requirement. If the position is forced to close, the user loses all assets in the corresponding currency.

• Maker、IOC、FOK only

Maker only(Post only): The order will not be sold immediately in the market, ensuring that the user is always Maker, and if the delegate will be sold immediately with the existing delegate, the delegate will be cancelled.

IOC(Immediately or Cancel): If the order cannot be sold immediately then the unsolved part is cancelled immediately.

FOK(Fill or Kill): If the order cannot be fully sold, it will be cancelled immediately.

• Price limit, Market price, Rival price, Queue price, Overprice

Price limit:Orders entered at a specified price may be sold immediately, partially or not, depending on the price of the order and market conditions.

Market price:Deal now at the Best Price in the Market

Rival Price: An order that is entered into the first gear of the opponent's side price, such as a one-price offer when buying and a one-price offer when selling.

Queue Price: An order for the first stall of your own price, such as a purchase price quotation when you buy, a sale price quotation when you sell, and generally no immediate transaction.

Overprice: An order that exceeds the price of the first gear at the opponent's side will generally be sold immediately.

BVOX Team

 

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