USDT Perpetual Contract is a derivatives trading tool that allows traders to trade using USDT and use leverage during the transaction process. This contract is designed to trade in both short and long market conditions, allowing traders to earn the difference on price movements. When many novices hear the word "perpetual", they wonder whether the USDT perpetual contract can be held for a long time? According to the rules of the USDT perpetual contract, this issue can be held for a long time, but as an investor, long-term holdings still need to pay attention to changes in the market. Next, the editor will tell you in detail.
USDT perpetual contracts can be held for a long time. Perpetual contracts have become mainstream in stock market transactions. Since there is no delivery period limit, trading is more flexible. Traders can implement different trading strategies for different positions. , thereby reducing losses and increasing profits. However, the following 4 points need to be considered for long-term holding:
1. Capital cost:
Holders of perpetual contracts need to pay capital fees, which are fees paid by the contract buyer to the seller. Funding charges are calculated based on the difference between the contract price and the underlying asset index price. If you plan to hold the perpetual contract for a long time, you may need to pay periodic funding fees. These fees are based on market conditions and your position size, so you need to be aware of this when trading perpetual contracts.
2. Risk management:
Perpetual contract is a highly risky financial instrument because it allows the use of leverage and frequent price fluctuations. Long-term holding of perpetual contracts may be affected by market fluctuations, which may result in losses. Before trading perpetual contracts, investors should fully understand market risks and take appropriate risk management measures to reduce potential risk of losses.
3. Fund utilization:
Holding perpetual contracts for a long time may occupy your funds and limit your flexibility in other investments. If funds are locked in perpetual contracts, you may miss other investment opportunities.
4. Trading strategy:
Long-term holding of perpetual contracts requires taking into account your trading strategy and investment goals. If your goal is long-term investing, then a perpetual contract may not be the most suitable option, as it is more suitable for short-term trading and speculation.
Perpetual contract trading is currently provided on various exchanges, such as Eureka, Binance, Huobi, etc. The following is a tutorial on perpetual contract trading on Eureka exchange:
1. Open the official website of OKX Exchange (click to register), enter your email address on the homepage, click "Register", slide the slider to the right, complete the puzzle for verification, and then enter the verification code received by email. The verification code is valid for 10 minutes
#2. Then enter your mobile phone number, click "Verify Now", and enter the six-digit verification code received on your phone. The validity time is also 10 minutes
3. Select your country/region of residence and check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement
4. Create a password that must meet the following conditions: 8-32 characters in length, 1 lowercase letter, 1 uppercase letter, 1 number, 1 symbol, such as: !@ # $ %, etc.
5. After logging in to your account, find the "User Center" icon on the homepage and enter the identity authentication page
6. Different settings can be made based on different needs. Level certification (note: video certification needs to be operated on the APP)
7. Select the "Purchase" option, pay attention to select the purchase currency, and click "Pay All" for the payment method Filter by "method"
8. After selecting the merchant, operate according to the merchant's message, then enter the purchase amount, click "Buy USDT" to pay and wait for the merchant to release the currency (if you do not receive the currency after payment, you can negotiate with the merchant to no avail. Click on the page Need help>Others>Get help>Initiate a complaint)
9. If you want to conduct contract transactions, you need to open the account mode and set it to single currency A margin mode or a cross-currency margin mode.
10. You can continue to set up the contract, personalize the trading unit and order mode.
#11. You can customize the trading mode and Kanban mode. Select the professional layout here.
12. Perpetual contracts are divided into USDT margin perpetual contracts and currency-margined perpetual contracts. Here we take the USDT margin perpetual contract as an example. Similarly, transfer our digital assets from the capital account to the trading account. If it has been completed, no additional transfer operations are required.
13. On the trading page, click the drop-down button on the right side of the currency pair, enter the currency in the search box, select Perpetual in the margin transaction, and select the currency corresponding to the currency. Standard/U-based contracts. Here we take the U-based contract as an example
14. Select the account mode, order type, enter the price and quantity, and click Buy to open long (bullish) or Sell to open short ( bearish). For unfilled pending orders, you can click Cancel to cancel the order. Here we take opening a short position as an example.
15. After the pending order is completed, you can view the relevant data of the order in the position interface, such as margin, income, rate of return, Estimated forced liquidation price, etc.
16. You can set stop-profit and stop-loss on the position interface. You can also choose to close the position. Enter the closing price and quantity to confirm the closing, or select the full market price. Complete the position closing operation.
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