BlockFin perpetual swap is a contract product settled with digital assets. Investors can buy long or sell short to obtain profits from the increase or decrease in the price of digital assets. The perpetual contract has no expiration and delivery date and will never arrive.
1. Fund transfer
Click [Assets] - [Futures] in the upper right corner.
Select the currency, taking [USDT] as an example, from [Funding Account] to [Futures Account], enter the transfer [Amount], click [Confirm]. Transfer is successful.
2. Bullish: open long, and close long
A) Buy and open long
Take the BTCUSDT perpetual contract as an example: Click [Futures] in navigation bar of the official website homepage to enter the Futures trading page.
Click to switch the trading type on the new page - [USDT Contract] - select [BTCUSDT].
Select [Cross Margin/Isolated Margin] - [Limit Price Order] - Enter [Price] - Select [Leverage Multiple] - [Amount] - Click [Buy] - [Confirm]. Order is placed successfully.
B) Sell and close long
To close a long order on the trading page: select [Limit Price Order] - enter [Price], [Amount] - click [Sell] - Confirm your order.
To close long orders on the specific position page: tap [Position] - select the specific position to be closed and tap on [Close] - enter [Price] and [Amount] - tap [Confirm] or tap [Close All] - tap on [Confirm].
Close: You can close your position using a limit order or market order. Additionally, you have the option to partially close the position using this feature.
Close All: This feature allows you to close your entire position with a market order, resulting in an immediate closure at the market price. Note: If the market fluctuates violently, the order may not be executed.
Close All: This feature allows you to close your entire position with a market order, resulting in an immediate closure at the market price. Note: If the market fluctuates violently, the order may not be executed.
Warm reminder: Users can also choose the [Stop Profit and Stop Loss] method to close positions, so as to stop losses in time to reduce losses, or take profit in time to lock in profits. There are two methods to set TP/SL to close positions.
1. Partial Position TP/SL. Select the specific position to be closed, then click [Take Profit and Stop Loss] - choose [Partial Position] - tick [Limit] - enter [Take Profit Trigger Price], [Take Profit Order Price], [Stop Loss Trigger Price], [Stop Loss Order Price], [Amount] - click [Confirm].
Note: if you tick "Limit", your TP/SL order is limit order and you can set the order price for the TP/SL order. When it is triggered, the order will be filled at your set price. If you don't tick it, your order will be filled promptly as a market order after it is triggered.
2. Entire Position TP/SL. Select the specific position to be closed, click [Take Profit and Stop Loss] - choose [Entire Position] - enter [Take Profit Trigger Price] and [Stop Loss Trigger Price]- click [Confirm]. A market order will be placed when the trigger price is reached. You can only place one entire position TP/SL order targeted at one position.
C) Position view
After the position is successfully opened, the user can see the relevant data of his position in the [Position] list: average opening price, estimated liquidation price, initial margin, etc., as well as the rate of return and how much USDT was earned (lost), etc.
D) Pending order inquiry
At the bottom of the main page of opening a position, click [Open Order] - Select the current order method [Take Profit and Stop Loss] to view the current pending order, or click [Cancel Order] to cancel the pending order.
3) Bearish: open short, and close short
A) Sell to open a short position
Take the BTCUSDT perpetual contract as an example: Click [Futures] in the upper left corner of the official website homepage to enter the trading page; click to switch the trading mode on the new page - [USDT Contract] - select [BTCUSDT] Continued.
Select [Cross Margin/Isolated Margin] - [Limit Price Order] - Enter [Price] - Select [Leverage Multiple] - [Amount] - Click [Sell] - [Confirm]. Order is placed successfully.
B) Buy and close short
To close a short order on the trading page: select [Limit Order] - enter [Price], [Amount] - click [Buy].
To close long orders on the specific position page: tap [Position] - select the specific position to be closed and tap on [Close] - enter [Price] and [Amount] - tap [Confirm] or tap [Close All] - tap on [Confirm].
Close: You can close your position using a limit order or market order. Additionally, you have the option to partially close the position using this feature.
Close All: This feature allows you to close your entire position with a market order, resulting in an immediate closure at the market price. Note: If the market fluctuates violently, the order may not be executed.
Warm reminder: Users can also choose the [Stop Profit and Stop Loss] method to close positions, so as to stop losses in time to reduce losses, or take profit in time to lock in profits. There are two methods to set TP/SL to close positions.
1. Partial Position TP/SL. Select the specific position to be closed, then click [Take Profit and Stop Loss] - choose [Partial Position] - tick [Limit] - enter [Take Profit Trigger Price], [Take Profit Order Price], [Stop Loss Trigger Price], [Stop Loss Order Price], [Amount] - click [Confirm].
Note: if you tick "Limit", your TP/SL order is limit order and you can set the order price for the TP/SL order. When it is triggered, the order will be filled at your set price. If you don't tick it, your order will be filled promptly as a market order after it is triggered.
2. Entire Position TP/SL. Select the specific position to be closed, click [Take Profit and Stop Loss] - choose [Entire Position] - enter [Take Profit Trigger Price] and [Stop Loss Trigger Price]- click [Confirm]. A market order will be placed when the trigger price is reached. You can only place one entire position TP/SL order targeted at one position.
Reverse: A reverse order involves simultaneously closing an existing open position and opening a position of equal size in the opposite direction. It is executed through market orders.
Reverse orders allow you to quickly react to market shifts by effectively “reversing” your current market stance.
Note: If your balance can't cover an equal opposite position, a smaller one will be opened based on available funds. The reversed position size is capped by market order limits. Please be aware that market conditions, margin, and risk may prevent reversal.