1️⃣USDT Perprtual Contract Trading Explained
1.Overview
The USDT perpetual contract is a digital currency derivative launched by Tapbit, which is quoted and settled in USDT only, supports long, short and two-direction positions and provides simple multiple leverage options. The USDT Perpetual will not be settled and will keep pace with spot market prices to the highest order based on the funding fee. Using mark price to calculate the unrealized PNL and the liquidation price can avoid frequent, as well, unnecessary liquidations caused by market fluctuations and volatile conditions. This allows for the copying of the spot market specifically under high leverage.
2.Contract Definition
Contract
BTCUSDT Perpetual
ETHUSDT Perpetual
EOSUSDT Perpetual
FILUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
BTC / USDT
ETH / USDT
EOS / USDT
FIL / USDT
Contract size
0.001 BTC / cont
0.01 ETH / cont
1 EOS / cont
0.1 FIL / cont
Maintenance margin (MM)
0.3%
0.3%
0.65%
1%
Minimum price change
0.1
0.01
0.0001
0.001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
20,000cont
20,000cont
100,000cont
100,000cont
Leverage
1～150
1～150
1～50
1～50
Contract
DOTUSDT Perpetual
LTCUSDT Perpetual
XRPUSDT Perpetual
DOGEUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
DOT / USDT
LTC / USDT
XRP / USDT
DOGE / USDT
Contract size
1 DOT / cont
0.1 LTC / cont
10 XRP / cont
100 DOGE / cont
Maintenance margin (MM)
0.65%
0.65%
0.65%
1%
Minimum price change
0.001
0.01
0.0001
0.00001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
10,000cont
20,000cont
50,000cont
20,000cont
Leverage
1～50
1～50
1～50
1～50
Contract
WAVESUSDT Perpetual
FTMUSDT Perpetual
GMTUSDT Perpetual
NEARUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
WAVES / USDT
FTM / USDT
GMT / USDT
NEAR / USDT
Contract size
0.1 WAVES / cont
10 FTM / cont
1 GMT / cont
1 NEAR / cont
Maintenance margin (MM)
1%
1%
1%
1%
Minimum price change
0.001
0.0001
0.0001
0.001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
200,000cont
40,000cont
100,000cont
30,000cont
Leverage
1～50
1～50
1～50
1～50
Contract
AVAXUSDT Perpetual
APEUSDT Perpetual
ETCUSDT Perpetual
ADAUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
AVAX / USDT
APE / USDT
ETC / USDT
ADA / USDT
Contract size
0.1 AVAX / cont
1 APE / cont
0.1 ETC / cont
10 ADA / cont
Maintenance margin (MM)
1%
1%
0.65%
0.65%
Minimum price change
0.001
0.001
0.001
0.0001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
40,000cont
15,000cont
30,000cont
20,000cont
Leverage
1～50
1～50
1～50
1～50
Contract
MATICUSDT Perpetual
ZILUSDT Perpetual
ATOMUSDT Perpetual
GALAUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
MATIC / USDT
ZIL / USDT
ATOM／USDT
GALA／USDT
Contract size
1 MATIC / cont
100 ZIL / cont
1 ATOM / cont
10 GALA / cont
Maintenance margin (MM)
1%
1%
1%
1%
Minimum price change
0.0001
0.00001
0.001
0.00001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
120,000cont
30,000cont
10,000cont
200,000cont
Leverage
1～50
1～50
1～50
1～50
Contract
KNCUSDT Perpetual
TRXUSDT Perpetual
SANDUSDT Perpetual
ALGOUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
KNC／USDT
TRX／USDT
SAND／USDT
ALGO／USDT
Contract size
1 KNC / cont
100 TRX / cont
1 SAND / cont
10 ALGO / cont
Maintenance margin (MM)
1%
1%
1%
1%
Minimum price change
0.001
0.00001
0.0001
0.0001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
80,000cont
20,000cont
100,000cont
40,000cont
Leverage
1～50
1～50
1～50
1～50
Contract
ENSUSDT
Perpetual
GALUSDT
Perpetual
1000SHIBUSDT Perpetual
OPUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
ENS／USDT
GAL／USDT
1000 SHIB／USDT
OP／USDT
Contract size
0.1 ENS / cont
1 GAL / cont
1000 SHIB / cont
1 OP / cont
Maintenance margin (MM)
1%
2%
1%
1%
Minimum price change
0.001
0.0001
0.00001
0.0001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
40,000cont
15,000cont
10,000,000cont
80,000cont
Leverage
1～25
1～25
1～50
1～50
Contract
1000LUNCUSDT Perpetual
CHZUSDT Perpetual
APTUSDT Perpetual
MASKUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
1000 LUNC／USDT
CHZ／USDT
APT／USDT
MASK／USDT
Contract size
1000 LUNC / cont
1 CHZ / cont
1 APT / cont
1 MASK / cont
Maintenance margin (MM)
1%
1%
1%
1%
Minimum price change
0.0001
0.00001
0.001
0.001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
300,000cont
400,000cont
10,000cont
6,000cont
Leverage
1～50
1～50
1～50
1～50
Contract
AAVEUSDT Perpetual
BCHUSDT Perpetual
GRTUSDT Perpetual
PEOPLEUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
AAVE／USDT
BCH／USDT
GRT／USDT
PEOPLE／USDT
Contract size
0.1 AAVE / cont
0.1 BCH / cont
10 GRT / cont
100 PEOPLE / cont
Maintenance margin (MM)
1%
0.65%
1%
1%
Minimum price change
0.01
0.01
0.00001
0.00001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
5,000cont
6,000cont
40,000cont
20,000cont
Leverage
1～50
1～50
1～50
1～50
Contract
LINKUSDT Perpetual
UNIUSDT Perpetual
XLMUSDT Perpetual
XTZUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
LINK／USDT
UNI／USDT
XLM／USDT
XTZ／USDT
Contract size
1 LINK / cont
1 UNI / cont
100 XLM / cont
1 XTZ / cont
Maintenance margin (MM)
0.65%
1%
1%
1%
Minimum price change
0.001
0.001
0.00001
0.001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
10,000cont
10,000cont
5,000cont
20,000cont
Leverage
1～50
1～50
1～50
1～50
Contract
MINAUSDT Perpetual
SOLUSDT Perpetual
BLURUSDT Perpetual
MAGICUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
MINA／USDT
SOL／USDT
BLUR／USDT
MAGIC／USDT
Contract size
1 MINA / cont
0.1 SOL / cont
1 BLUR / cont
1 MAGIC / cont
Maintenance margin (MM)
2.5%
1%
1%
2.5%
Minimum price change
0.001
0.001
0.0001
0.001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
60,000cont
30,000cont
50,000cont
30,000cont
Leverage
1～20
1～50
1～50
1～20
Contract
BATUSDT Perpetual
ARBUSDT Perpetual
C98USDT Perpetual
SUIUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
BAT／USDT
ARB／USDT
C98／USDT
SUI／USDT
Contract size
10 BAT / cont
1 ARB / cont
10 C98 / cont
1 SUI / cont
Maintenance margin (MM)
1%
1%
2%
1%
Minimum price change
0.0001
0.0001
0.0001
0.0001
Minimum contracts
1cont
1cont
1cont
1cont
Single order limit
20,000cont
60,000cont
30,000cont
60,000cont
Leverage
1～50
1～50
1～25
1～50
Contract
1000PEPEUSDT Perpetual
1000FLOKIUSDT Perpetual
RNDRUSDT Perpetual
INJUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
1000 PEPE／USDT
1000 FLOKI／USDT
RNDR／USDT
INJ／USDT
Contract size
1000 PEPE / cont
1000 FLOKI / cont
1 RNDR / cont
1 INJ / cont
Maintenance margin (MM)
1%
2.5%
2.5%
2%
Minimum price change
0.0000001
0.00001
0.0001
0.001
Minimum contracts
1,000 cont
100 cont
1 cont
1 cont
Single order limit
30,000,000cont
60,000cont
20,000 cont
8,000 cont
Leverage
1～50
1～20
1～20
1～25
Contract
STXUSDT Perpetual
WOOUSDT Perpetual
LINAUSDT Perpetual
ICPUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
STX／USDT
WOO／USDT
LINA／USDT
ICP／USDT
Contract size
10 STX / cont
10 WOO / cont
10 LINA / cont
1 ICP / cont
Maintenance margin (MM)
1%
1%
1%
1%
Minimum price change
0.0001
0.0001
0.00001
0.001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
50,000cont
100,000cont
2,500,000 cont
20,000 cont
Leverage
1～50
1～50
1～25
1～50
Contract
BNBUSDT Perpetual
CFXUSDT Perpetual
CTSIUSDT Perpetual
LDOUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
BNB／USDT
CFX／USDT
CTSI／USDT
LDO／USDT
Contract size
0.01 BNB / cont
10 CFX / cont
10 CTSI / cont
1 LDO / cont
Maintenance margin (MM)
1%
1%
2%
1%
Minimum price change
0.01
0.0001
0.0001
0.0001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
30,000 cont
30,000cont
50,000 cont
50,000 cont
Leverage
1～50
1～50
1～25
1～50
Contract
ARPAUSDT Perpetual
SXPUSDT Perpetual
CRVUSDT Perpetual
JASMYUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
ARPA／USDT
SXP／USDT
CRV／USDT
JASMY／USDT
Contract size
10 ARPA / cont
10 SXP / cont
10CRV / cont
1000 JASMY / cont
Maintenance margin (MM)
2.5%
2%
1%
2.5%
Minimum price change
0.00001
0.0001
0.001
0.000001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
80,000 cont
10,000cont
120,000 cont
10,000 cont
Leverage
1～20
1～25
1～50
1～20
Contract
DYDXUSDT Perpetual
EDUUSDT Perpetual
FLOWUSDT Perpetual
COREUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
DYDX／USDT
EDU／USDT
FLOW／USDT
CORE／USDT
Contract size
1 DYDX / cont
1 EDU / cont
1 FLOW / cont
1 CORE / cont
Maintenance margin (MM)
1%
2.5%
2.5%
1%
Minimum price change
0.001
0.0001
0.001
0.0001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
50,000 cont
40,000cont
80,000 cont
40,000 cont
Leverage
1～50
1～20
1～20
1～50
Contract
AXSUSDT Perpetual
ALPHAUSDT Perpetual
TOMOUSDT Perpetual
FXSUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
AXS／USDT
ALPHA／USDT
TOMO／USDT
FXS／USDT
Contract size
1 AXS / cont
1 ALPHA / cont
1 TOMO / cont
1 FXS / cont
Maintenance margin (MM)
1%
1%
2%
2.5%
Minimum price change
0.001
0.0001
0.00001
0.001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
8,000 cont
500,000cont
30,000 cont
20,000cont
Leverage
1～50
1～50
1～25
1～20
Contract
HOOKUSDT Perpetual
MANAUSDT Perpetual
WLDUSDT Perpetual
MKRUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
HOOK／USDT
MANA／USDT
WLD／USDT
MKR／USDT
Contract size
1 HOOK / cont
1 MANA / cont
1 WLD / cont
0.001 MKR / cont
Maintenance margin (MM)
2.5%
1%
1%
1%
Minimum price change
0.00001
0.00001
0.0001
0.1
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
40,000 cont
200,000cont
30,000cont
60,000cont
Leverage
1～20
1～50
1～50
1～50
Contract
CYBERUSDT Perpetual
ORBSUSDT Perpetual
XVGUSDT Perpetual
TRBUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
CYBER／USDT
ORBS／USDT
XVG／USDT
TRB／USDT
Contract size
1 CYBER / cont
100 ORBS / cont
100 XVG / cont
0.1 TRB / cont
Maintenance margin (MM)
2.5%
2.5%
5%
2.5%
Minimum price change
0.001
0.00001
0.000001
0.01
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
3,000 cont
5,000 cont
100,000 cont
4,000 cont
Leverage
1～20
1～20
1～20
1～20
Contract
TIAUSDT Perpetual
RUNEUSDT Perpetual
ORDIUSDT Perpetual
FTTUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
TIA／USDT
RUNE／USDT
ORDI／USDT
FTT／USDT
Contract size
1 TIA / cont
1 RUNE / cont
0.1 ORDI / cont
1 FTT / cont
Maintenance margin (MM)
2.5%
2.5%
2.5%
2.5%
Minimum price change
0.001
0.001
0.001
0.0001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
6,000 cont
8,000 cont
15,000 cont
10,000 cont
Leverage
1～20
1～20
1～20
1～20
Contract
SEIUSDT Perpetual
MEMEUSDT Perpetual
1000SATSUSDT Perpetual
WIFUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
SEI／USDT
MEME／USDT
1000SATS／USDT
WIF／USDT
Contract size
10 SEI / cont
100 MEME / cont
10 1000SATS / cont
10 WIF / cont
Maintenance margin (MM)
1%
1%
1%
1%
Minimum price change
0.0001
0.000001
0.0000001
0.0001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
11,000 cont
22,000 cont
15,000 cont
50,000 cont
Leverage
1～50
1～50
1～50
1～50
Contract
BOMEUSDT Perpetual
VANRYUSDT Perpetual
GRTUSDT Perpetual
POLYXUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
BOME／USDT
VANRY／USDT
GRT / USDT
POLYX／USDT
Contract size
100 BOME / cont
10 VANRY / cont
10 GRT / cont
10 POLYX / cont
Maintenance margin (MM)
1%
1%
1%
1%
Minimum price change
0.000001
0.00001
0.0001
0.0001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
86,000 cont
40,000 cont
25,000 cont
250,000 cont
Leverage
1～50
1～50
1～50
1～50
Contract
ENJUSDT Perpetual
AGIX USDT Perpetual
STPT USDT Perpetual
AERGO USDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
ENJ／USDT
AGIX／USDT
STPT／USDT
AERGO／USDT
Contract size
10 ENJ / cont
10 AGIX / cont
10 STPT / cont
10 AERGO / cont
Maintenance margin (MM)
2.5%
2.5%
1%
2.5%
Minimum price change
0.0001
0.0001
0.00001
0.0001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
20,000 cont
10,000 cont
125,000 cont
22,000 cont
Leverage
1～20
1～20
1～50
1～20
Contract
ARKUSDT Perpetual
ETHFIUSDT Perpetual
WUSDT Perpetual
ENAUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
ARK／USDT
ETHFI／USDT
W／USDT
ENA／USDT
Contract size
10 ARK / cont
1 ETHFI / cont
1 W / cont
1 ENA / cont
Maintenance margin (MM)
2.5%
1%
1%
1%
Minimum price change
0.0001
0.001
0.001
0.001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
4,000 cont
20,000 cont
95,000 cont
76,000 cont
Leverage
1～20
1～50
1～50
1～50
Contract
SAGAUSDT Perpetual
TAOUSDT Perpetual
LRCUSDT Perpetual
TONUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
SAGA／USDT
TAO／USDT
LRC／USDT
TON／USDT
Contract size
1 SAGA / cont
0.01 TAO / cont
10 LRC / cont
1 TON / cont
Maintenance margin (MM)
1%
1%
1%
2.5%
Minimum price change
0.0001
0.01
0.0001
0.001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
25,000 cont
20,000 cont
40,000 cont
5,500 cont
Leverage
1～50
1～50
1～50
1～20
Contract
FETUSDT Perpetual
SUSHIUSDT Perpetual
HBARUSDT Perpetual
OCEANUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
FET／USDT
SUSHI／USDT
HBAR／USDT
OCEAN / USDT
Contract size
10 FET / cont
1 SUSHI / cont
100 HBAR / cont
10 OCEAN / cont
Maintenance margin (MM)
2.5%
1%
1%
2.5%
Minimum price change
0.0001
0.0001
0.00001
0.0001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
2,000 cont
95,000 cont
10,000 cont
4,500 cont
Leverage
1～20
1～50
1～50
1～20
Contract
COMPUSDT Perpetual
NOTUSDT Perpetual
IMXUSDT Perpetual
JUPUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
COMP／USDT
NOT／USDT
IMX／USDT
JUP／USDT
Contract size
0.1 COMP / cont
100 NOT / cont
1 IMX / cont
10 JUP / cont
Maintenance margin (MM)
1%
1%
1%
1%
Minimum price change
0.01
0.000001
0.0001
0.0001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
18,000 cont
45,000 cont
55,000 cont
10,000 cont
Leverage
1～50
1～50
1～50
1～50
Contract
PYTHUSDT Perpetual
1000BONKUSDT Perpetual
ARUSDT Perpetual
VETUSDT Perpetual
Type
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Perpetual, linear contract
Identifier
PYTH／USDT
1000BONK／USDT
AR／USDT
VET／USDT
Contract size
10 PYTH / cont
100 1000BONK / cont
0.1 AR / cont
100 VET / cont
Maintenance margin (MM)
1%
1%
1%
1%
Minimum price change
0.0001
0.000001
0.001
0.00001
Minimum contracts
1 cont
1 cont
1 cont
1 cont
Single order limit
25,000 cont
35,000 cont
30,000 cont
35,000 cont
Leverage
1～50
1～50
1～50
1～50
Q:Example：
How is the BTC / USDT Perpetual Contract quoted?
A: The underlying price of the BTC / USDT contract is the Tapbit index. The underlying price and the price of the perpetual contract are both quoted in USDT. All margins and PNL are quoted in USDT only.
Traders who want to profit from the rise in the BTC / USDT Index will buy BTC / USDT Perpetual contracts. On the contrary, traders who believe that its value will fall will short the perpetual contract.
Examples of transactions:
A trader goes long 100 BTC of BTC at a price of 30,000 USDT. He is long 100BTC/0.001BTC/cont = 100000 contracts. A few days later, the price of the contract increases to 40,000 USDT.
Profit will be: 100000 * 0.001 * (40,000 – 30,000) = 1,000,000USDT
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