【Product】Bfx Adds NAS Perpetual Contract

Source: bfx Release time: 2019-11-24 18:46:13


Dear valued users,

BFX Derivative Market will launch NAS perpetual contract at SGT 15:00 p.m. on October the 29th in the inn

 More details are laid out as below:

Transaction Coin

NAS

Underlying Object

NAS/USD index

Minimum Trading Unit

100 NAS

TheMinimumPrice Change

0.001USDT

Settlement Coin

NAS/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 1000 NAS Perpetual Contracts at a price of 0.6 USDT, NAS Position Value = 0.6×1000=600USDT.Using 20x leverage, the margin is:600/20=30USDT
Suppose the NASUSDT contract rises in price to 0.63USDT, You made 0.63-0.6×1000=30USDT profit from the increase in the value of NASUSDT,
If you use 20x leverage(5% Margin Rate), the margin is 30USDT,Your profit is 30USDT, and your profit rate is 100%;

Suppose the price drops to 0.57USDT after opening the position,You made 0.6-0.57)×1000=30个USDT loss from the fall in the value of NASUSDT,
If you use 20x leverage(5% Margin Rate), the margin is 30USDT,Your loss is 30USDT, and your loss rate is 100%.

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


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BFX.NU

October 29, 2019