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Get binance referral code code#
The Binance Futures Referral Code is STWNRF0Q Once User A has closed the position, then only User A is said to have earned 0.0007 BTC of realized PNL. For example, when User A opens 10 contracts of BTCUSD Quarterly 0925 long position, the unrealized PNL would be 0.0007 BTC. Realized PNL refers to profits and losses incurred from a completed trade transaction while unrealized PNL refers to profits and losses that are happening but the related transaction has not been completed yet. Binance Futures uses the notional value to calculate the required margin, trading fee, delivery fee, and PNL. The notional value of the contract is calculated by multiplying the contract unit by the contract multiplier and divided by the average entry price of a position. The notional value of BTCUSD Quarterly 0925 is denominated in BTC. Notional value is the contract value of a futures contract.
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For example, there are 1,000 USD of BTCUSD Quarterly 0925 long position (100 USD x 10 contracts) and 2,000 USD of BTCUSD Quarterly 0925 short position (100 USD x 20 contracts). Each contract of BTCUSD Quarterly 0925 represents 100 USD. For example, there are 10 contracts of BTCUSD Quarterly 0925 long position and 20 contracts of BTCUSD Quarterly 0925 short position.Ĭontract multiplier represents the value of a contract. Instead, all open positions will be delivered at a settlement price (index-based last-hour moving average price).īinance Futures uses “contract” as a standardized size unit when describing a quarterly futures contract position size. When the contract is due, the underlying asset is not exchanged directly. Cash delivery is also known as a cash settlement. Should we add more quarterly futures contracts for trading, an official announcement will be made in advance.īTCUSD Quarterly 0925 futures contract is a cash-delivered futures contract. A flat 0.015% of delivery fee will be charged for all positions settled on the delivery date. BTCUSD Quarterly 0925 futures contract will expire on the last Friday of the corresponding three-month period, which is on 25 December 2020 at 08:00:00 UTC. BTCUSD Quarterly 0925 futures contract uses BTC tokens as collateral, which means you need to have BTC tokens to trade on a quarterly futures contract. BTCUSD Quarterly 0925 futures contract is quoted and settled in the denominated BTC tokens. The ticker name indicates the underlying asset and expiry date.
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The first quarterly futures contract launched by Binance Futures is BTCUSD Quarterly 0925 futures contract. The buyer gains if the settlement price is higher than the entry price while the seller gains if the settlement is lower than the entry price. When the quarterly futures contract is due, both contract buyer and seller are obligated to execute the contract regardless of where the price of the underlying asset is actually at. Unlike perpetual futures contracts, quarterly futures contracts will expire. A quarterly futures contract is an agreement to buy or sell the underlying asset at a predetermined price at a specified time (delivery date) in the future.