Coin-Margined Perpetual Futures Price Limit Rules

To prevent the market from malicious manipulation, HTX limits the position opening and closing prices of all coin-margined perpetual futures contracts. The specific rules are as follows:

  • Example: BTC Futures Price Limits

Contract

Hard Price Limit

Non-Basis Price Limit

Basis Price Limit

Highest Bid Price

Lowest Ask Price

Highest Bid Price

Lowest Ask Price

Highest Bid Price

Lowest Ask Price

BTC

6.0%

6.0%

4.0%

4.0%

2.0%

2.0%

Search the price limits on more types of contracts>>

(The above data and indicators may be adjusted in real time based on market conditions without prior notice.)

Assume for BTCUSD perpetual futures, the non-basis price limit range is ±4%, the hard price limit range is ±6%, and the basis price limit range is ±4%.

Within 10 minutes of the BTCUSD perpetual futures launch (non-basis price limits):

Highest bid price = min [Spot index * (1 + 6%), Spot index * (1 + 4%)]

Lowest ask price = max [Spot index * (1 - 6%), Spot index * (1 - 4%)]

10 minutes after the BTCUSD perpetual futures launch (basis price limits):

Highest bid price = min [(Basis average of the past 10 minutes + Spot index) * (1 + 4%), Spot index * (1 + 6%)]

Lowest ask price = max [(Basis average of the past 10 minutes + Spot index) * (1 - 4%), Spot index * (1 - 6%)]

The above price limit rules apply to both opening and closing positions. If users open long or close short, a hard price limit will be triggered when the order price is higher than the highest bid price; if users open short or close long, a hard price limit will be triggered when the order price is lower than the lowest ask price.

 

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HTX se réserve le droit, à sa seule discrétion, de modifier, changer ou annuler cette annonce à tout moment pour une raison quelconque et sans préavis. Le contenu susmentionné n’est fourni qu’à titre informatif, HTX ne donne ni parrainage ni garantie en faveur de tout actif, produit ou promotion numérique sur HTX. Les prix des actifs numériques sont fortement volatiles et le trading comporte un haut risque. Veuillez consulter notre Avertissement sur les Risques.