【Product】Bfx Adds XTZ Perpetual Contract

Source: bfx Release time: 2019-11-25 15:39:25

Dear valued users,

BFX Derivative Market will launch XTZ(Tezos) perpetual contract at SGT 15:00 p.m. on November the 26th in the inn

 More details are laid out as below:

Transaction Coin

XTZ(Tezos

Underlying Object

XTZ/USD index

Minimum Trading Unit

10XTZ

TheMinimumPrice Change

0.001USDT

Settlement Coin

XTZ/USDT

leverage Multiples

5x/10x/20x

Contract Types

Perpetual Contract

Liquidation Mechanism

Fair Index Price

Source Of Index

HUOBI&OKEX&BINANCE


Examples:
You go Long on 100 XTZ Perpetual Contracts at a price of 1 USDT, XTZ Position Value = 1×100=100USDT.Using 20x leverage, the margin is:100/20=5USDT
Suppose the NASUSDT contract rises in price to 1.05USDT, You made (1.05-1×100=5USDT profit from the increase in the value of XTZUSDT,
If you use 20leverage(5% Margin Rate), the margin is 5USDT,Your profit is 5USDT, and your profit rate is 100%;

Suppose the price drops to 0.95USDT after opening the position,You made (1-0.95)×100=5USDT loss from the fall in the value of XTZUSDT,
If you use 20leverage(5% Margin Rate), the margin is 5USDT,Your loss is 5USDT, and your loss rate is 100%.

(Note: for convenience, the influence of transaction commission is not considered)


BFX.NU Fair and equitable comprehensive digital financial derivatives trading market


BFX.NU

November 25, 2019