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BAKE Perpetual Contract and BOND Perpetual Contract is Now Available on Toobit Futures

Toobit
Toobit Futures launched the BAKE Perpetual Contract and BOND Perpetual Contract at 11:48 am, Dec 27th, 2023 (UTC), with up to 50 leverage.
 
BAKEUSDT&BONDUSDT_EN_WEB.png

More details on the BAKE Perpetual Contract and BOND Perpetual Contract can be found in the table below:

USDⓈ-M Perpetual Contract BAKEUSDT BONDUSDT
Launch Time 11:48am (UTC) Dec 27th, 2023 11:48am (UTC) Dec 27th, 2023
Underlying Asset BAKE BOND
Settlement Asset USDT USDT
Tick Size 0.0001 0.001
Capped Funding Rate 0.7500% / -0.7500% 0.7500% / -0.7500%
Funding Fee Settlement Frequency Every eight hours Every four hours
Maximum Leverage 50x 50x
Trading Hours 24/7 24/7
Please Note:

  • The maximum funding rate of the BAKE Perpetual Contract at the time of launch is 0.7500% / -0.7500%.

  • The maximum funding rate of the BOND Perpetual Contract at the time of launch is 0.7500% / -0.7500%

Based on market risk conditions, Toobit may adjust the specifications of the BAKE and BOND Perpetual Contract from time to time, which may include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

 
We at Toobit would like to thank you for your continuous support. Toobit believes in building a crypto ecosystem in a way that promotes transparency and long-term, sustainable growth, and we implore you to undergo this journey with us. Trade safely and wisely.
 
People May Ask:

What does BOND Perpetual mean?

Perpetual bonds, or perps, are bonds that have no maturity date. This allows them to be treated as equity and not debt . The issuers of perpetual bonds pay coupons forever and do not need to redeem their principal.


What is BAKE Perpetual Contract？

BAKE Perpetual Contract is a derivative product offered by the crypto exchange FTX that allows traders to speculate on the price movements of the BAKE token without actually owning it. It is a type of futures contract that has no expiry date and allows traders to enter into long or short positions on BAKE with leverage.
 
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There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Toobit reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reason without prior notice.

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Toobit is not liable for any losses that might arise from your use of Margin. This information should not be regarded as financial or investment advice. For more information, see our Terms of Use and Risk Warning.

 

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