Introduction to Stock Perpetual Contracts
Stock perpetual contracts are leveraged derivatives that track stock prices without requiring actual ownership of the underlying stocks. Key learning areas include contract mechanics, funding fees, trading rules, and risks such as forced liquidation.
Basic Mechanics and Trading Methods
Stock perpetual contracts track the prices of stocks listed on traditional trading platforms, have no expiry date, and are settled in USDT. They support around-the-clock trading, but the underlying stocks may still lack spot-market references on weekends, holidays, or during other non-trading periods. Traders can select limit orders, market orders, or limit take-profit/stop-loss orders on the contract page.
Funding Fees and Leverage
Funding fees help keep contract prices close to the underlying stock price. Stock perpetual contracts settle every 8 hours, with a rate range of ±2.00%and an interest component of 0%. The maximum leverage is 10 x, but the platform may adjust leverage and margin requirements based on risk; the larger the position, the lower the available leverage is typically.
Key Risks and Management
Leverage amplifies both gains and losses, and forced liquidation may be triggered when margin falls below the maintenance-margin level. Long-term positions also accumulate funding fees, and price gaps may occur when markets reopen. Learners should first understand the latest contract specifications and manage risk through stop-loss orders and position sizing.
Original Tutorial
https://www.binance.com/zh-CN/academy/articles/how-to-trade-stock-perpetual-contracts-on-binance
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