Coin-Margined Perpetual Futures Price Limit Rules
- Guias de Perpétuos Coin-M
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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