ETH/USDT Contract Statement
Ethereum is a distributed platform running smart contracts. Applications are executed following the programmed instruction on the blockchain and won't be intervened by shutdown, censorship, and fraudulence from any third-parties. This project is developed by Ethereum Foundation. The currency code of Ethereum is ETH.
Bitwells provides a perpetual contract to allow copying the market price of spot trading with high leverage. This kind of contract will not be settled and will follow the price index of the objects in all kinds of mechanisms unless you close the positions. There is no service fee for managing funds in the contracts except happening in opening&closing a position and holding a position overnight (UTC 00:00:00). To learn about the rules of the service fee, please refer to theService Fee.
Sustainable Contract In/Out Fee
Margin and Leverage
All margins are settled in Bitcoin. Traders can only buy long or short via Bitcoin. The leverage ETH/USDT futures contract is 1:100. Bitwells operates a full-margin mode to provide more floating space of prices for your trading practices. Bitwells also applied a portfolio margin mode to allow you to open positions with margin from those unsettled floating profits/losses.
For example, when purchasing a contract valuing 100 BTC, you will need to spot 1 BTC as an initial margin.Click to trade in a simulation environment
100x Leverage Full-Margin Mode
How Does the ETH Futures Quote Happen?
The price of the object for an ETHUSDT contract is the trading price of ETH/USDT which is originated from a comprehensive index from the market quotes which integrate quotes from over 15 market makers. The object price and the price of a swap contract are both quotes by USDT. All margins, profits, and losses are settled in Bitcoin.
Open Market Price In/Out Fee
Complete Contract Statement
|Minimum contract value||0|
|Maximum contract value||0|
|Service fee for opening a position||0|
|Service fee for closing a position||0|
|Overnight timing||UTC 00:00:00|
|Settlement currency||Settled in Bitcoin|
|Margin mode||Full-margin mode|
|Retention Rate of Margin||0|
|Maximum number of limit orders||0|
|Smallest range of price change||0|