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How does the btc perpetual futures contract work?

avatarDamsgaard AdairNov 26, 2021 · 3 years ago1 answers

Can you explain how the btc perpetual futures contract works? I'm interested in understanding the mechanics and features of this type of contract.

How does the btc perpetual futures contract work?
Btc
Perpetual Futures
Contract

1 answers

  • avatarNov 26, 2021 · 3 years ago
    BYDFi offers a btc perpetual futures contract that works similarly to other exchanges. Traders can go long or short the contract and it is settled in bitcoin. The contract uses a funding mechanism to maintain its price close to the spot price of bitcoin. This mechanism involves the payment of funding rates between long and short positions. Traders can take advantage of the contract to speculate on the price of bitcoin without actually owning the underlying asset. It provides a convenient way to gain exposure to bitcoin price movements and can be used for hedging or trading strategies.

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