New Perpetual Contracts Are Now Available in the CIEX Exchange

Being on a mission to offer CIEX traders a CEX-competitive trading experience, the CIEX team is pleased to announce 5 New Perpetual Margined Contract supporting 1–75x leverage.






πŸ“² Download the CIEx mobile app and trade perpetual contracts with up to 75x πŸ‘‰πŸΌ

Perpetuals for dummies

If you are new to the concept of perpetual futures, you will love our explanation β€” short and simple.

Perpetual contracts mirror the price of a certain pair of assets, in the case of ATOM-USDT it will reflect the price of ATOM-USDT. In the spot market, you profit from buying low and selling high, so basically you only make money in uptrend markets. Perpetuals are different and allow you to earn income in any market.

If you think that the price will go up, you open a long Perpetuals position (buy), and if you are right, your profit will be equal to the difference between the price at which you entered the position and the price at which you closed it. If you think that the price will go down, you open a short position (sell) and earn on the difference between the entry and exit price levels. In this way, Perpetuals are like betting on the direction of future price action, if you like.

To trade Perpetual Futures, you need to have money to back your position. In the case of CIEX, this is USDT, so you only need USDT to sell or buy ATOM-USDT perpetual contracts. When you enter a position, a certain percentage of the value of the position (different for all markets) is locked on your balance β€” collateral. To support your position in the event that the market goes in the opposite direction of your position, a margin balance (refers to the funds you have deposited for perpetual trading) is used.

If your bet on the next price move was correct, your uPnL ( unrealized Profit and Loss) will increase. When you close your position, realized PnL will be added to your balance β€” so happy ending. But if you, for example, open a long position, the market goes down, and you do not have enough funds to cover possible losses β€” your position will be liquidated. In extreme cases, collateral will be used to cover your losses.

Another important concept in perps trading is leverage. It allows you to increase the position size by several times and thereby increase the efficiency of your capital. But be careful, if you are trading with, say, x3 leverage, each price move will have 3x the impact on your PnL and margin balance, so it will deplete faster if the market moves in the opposite direction. On CIEX, the maximum leverage is x75.

Hope you didn’t get too tired. Let’s move on to CIEX Perpetuals!

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