Perpetual Contracts

Compared to traditional contracts, one of the main features of perpetual contracts is that positions can be held indefinitely. Settlement occurs every 8 hours, specifically at 00:00, 08:00, and 16:00 (UTC) each day.

When trading perpetual contracts, investors need to understand several mechanisms of the perpetual market. Key points to note include:

Position Marking: Perpetual contracts use a fair price marking method. The mark price determines unrealized profit and loss as well as liquidation price.

Initial Margin: Determines the maximum leverage you can use to open a position.

Maintenance Margin: The minimum margin level required to maintain a position.

Funding Fee: A fee paid periodically every 8 hours between buyers and sellers. If the rate is positive, long positions pay and short positions receive funding fees; if the rate is negative, the opposite applies.

Please note that investors only need to pay or receive funding fees if they hold positions at the exchange timestamp.

Traders can see the current market funding rate in the "Funding Rate" indicator column at the top of the market chart.

Funding Times: 00:00 (UTC+8), 08:00 (UTC+8), 16:00 (UTC+8)

The value of an investor’s position is independent of leverage. For example, if an investor holds 100 BTCUSDT contracts, funding fees will be charged/paid based on the nominal value of these contracts, not on how much margin the investor has allocated to the position.

Investors can view the current market funding rate in the "Funding Rate" indicator column at the top of the market chart.

The relationship between JuCoin perpetual contracts and funding fees:

JuCoin perpetual contracts do not charge any funding fees; funding fees are exchanged between users. When the funding rate is positive, longs pay shorts; when the funding rate is negative, shorts pay longs.

JUcoin fees are as follows (for regular users):

Maker fee: 0.04%

Taker fee: 0.06%

Note: If the contract fee is negative, the corresponding fee will be refunded.

Wallet Balance = Transfers In - Transfers Out + Realized Profit and Loss

Realized Profit and Loss = Total Closed Position Profit and Loss + Total Fees + Total Funding Fees

Total Equity = Wallet Balance + Unrealized Profit and Loss

Position Margin = Funds securing open positions, generally including the margin for all of the user’s positions

Order Margin = Frozen funds for all active orders

Available = Wallet Balance - Position Margin - Order Frozen

Net Asset Balance = Funds available for user transfers and opening new positions

Unrealized Profit and Loss = Sum of all floating profit and loss