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To learn how to deposit money into your Binance account and use Binace, you can check out our in-depth Binance tutorial. Just confused about this. If you dont use this button and instead place limit / stop limit / stop market orders using the green buy/long button, you can tick reduce only. What is the symbol (which looks similar to an equals sign) called? Instead of getting liquidated and losing the whole margin, this stop loss order will basically allow me to close the position with an estimated loss of 17 USDT. Note: All information on this page is subject to change. Futures are considered to be high-risk trading, especially on a volatile cryptocurrency market. Binance API proper way to open a futures trade? Changelly provides quick access to over 150 digital assets. Leverage and Margin in Coin-Margined Futures Contracts 1. It exists to avoid price divergence between futures and spot markets. Binance API proper way to open a futures trade? rev2023.5.1.43405. If ETH increases by 30%, you generate $1,500 as profit. January 24, 2022. When your sell/short order is executed by other users, your position can be seen as in the image below. Lot size and total profit in USDT stays the same, just the % varies but to reflect the leverage change. 2020-05-18. This follows the updates on 2021-07-19 (UTC) when leverage limit of a maximum of 20x was implemented for new accounts opened within 30 days. If you want to make more money during price movements, you should instead place a new sell/short order to increase your position size. If the position value is 10 BTC, the collateral required would be 1 BTC. Then I'm in profit of $50 on that position. Binance Futures Beginner's Guide & Exchange Review (Updated 2023) Fellow Binancians,Binance Futures will close all positions and conduct an automatic settlement on the USD-M FILBUSD Perpetual Contract at 2023-05-02 09:00 (UTC).