1、Sign up Toobit account
2、Deposit cyptos
3、Transfer USDT to Futures account from Spot account
- choose ”from“ Spot account ”to“ Futures account
- select ”USDT“ as the currency
- input the amount and click“confirm”
4、For example，USDT-M BTC perpetual contract
1、how to open position
- select “open”
- select the leverage
- leverage can enlarge the balance so that you can trade more amount, but the higher leverage, the higher risk
- select the order type
- Limit order：The limit order specifies the highest price that users are willing to buy or the lowest price that they are willing to sell. After the user sets the limit price, the market will prioritize the transaction at a price that is favorable to the user.
- Market order：A market order is immediately matched to the best available market price.
- Trigger order：It requires traders to specify a trigger price to activate the order. The system will place an order with the price and quantity you set when the stop price is reached.
- input the order price and the amount
- choose“buy long” or “sell short“
- buy long means that the market will rise
- sell short means that the market will fall
2、how to check the position
3、how to close position
1）the first way
- input the amount if you choose “Market”
- input the amount and the order price if you choose “Limit”
2）the second way
- select ”close“
- choose the order type
- input the amount
- Close Long based on your existed Buy Long position
- Close Short based on your existed Sell Short position