The estimated order cost is displayed in real time after entering order details. Order Cost = Initial Margin + Opening Position Taker Fee + Closing Position Taker Fee
The Funding Fee is a mechanism to anchor the perpetual contracts price to the spot price, here’s how it works: If perpetual contracts trading price is above the spot price, long position traders will pay… Read More »What is Funding Fee? BiKi Perpetual Contracts
Leverage is using your existing capital to borrow funds to open a position. This increases your reward and also your risk. Note that traders will not lose more than their capital. The higher the leverage,… Read More »What is Leverage? BiKi Perpetual Contracts
What is Limit Order? A limit order allows traders to preset their order price, size and leverage. Orders will be executed when market price matches or exceeds the preset price. Traders who choose this option usually are… Read More »What is Limit Order, Market Order, Stop Order?
In simplified explanation: An open long position means the trader thinks, or hopes, that the current price of the market will rise and wants to take a long position to profit from the market movement.… Read More »What is Buy Order, Open Long vs Sell Order, Open Short
An Order Book is a list of buy and sell orders, organised by price level. This list helps improve market transparency as they provide information on price, availability, depth of trade. It is dynamic and… Read More »What is an Order Book? BiKi Perpetual Contracts
Liquidation price is calculated based on the trader’s selected leverage, maintenance margin and entry price. After opening your position, you can view the Liquidation Price LIVE as seen as image below.
When trader’s Initial Margin Level hits the minimum margin to keep a position open (Maintenance Margin), it triggers liquidation which is the forced closing of a trader’s position. Example: You deposit 0.01 BTC and open… Read More »What is Liquidation? BiKi Perpetual Contracts
The Maintenance Margin is the minimum margin to keep a position open and avoid liquidation. Formula: Maintenance Margin = (Quantity of Contract / Entry Price) x Maintenance Margin Rate (1%) BiKi Perpetual Contracts Maintenance margin… Read More »Maintenance Margin – BiKi Perpetual Contracts
The Initial Margin is the amount of contracts that you use to open a position to long or short. Formula: ( Minimum to open position is 1 Contract ) Initial Margin = (No. of Contracts/Order Price)… Read More »Initial Margin -BiKi Perpetual Contracts