1.Overview The USDT perpetual contract is a digital currency derivative launched by Tapbit, which is quoted and settled in USDT only, supports long, short and two-direction positions and provides simple multiple leverage options. The USDT Perpetual will not be settled and will keep pace with spot market prices to the highest order based on the … Read more
Take Profit refers to a situatuon, when an investor having made profit from the current market, for fear that there may be a loss if the market become worse, he lock in profits and initiates the stop trading. When the market is good, since investors have already made profits on their books, take-profit continually can … Read more
Whether or not your position will be automatically deleveraged, will ultimately depend on the ranking of the current position of the profit, which will be shown by an indicator. So, when all the “lights” are alight, this means that your position is in the top percentile. In the case of a liquidation that is not … Read more
Tapbit perpetual contracts provide high multipliers of leverage. To keep a position from being liquidated, traders must hold a margin at a certain proportion of the position value, which is also known as the maintenance margin. If your position does not meet the maintenance margin requirement, it will be liquidated, and you will potentially lose … Read more
Currently, Tapbit Derivatives supports 5 types of order: Limit Order Market Order Trigger Order Post Only Order TP/SL Order (Strategy Order) Limit Order What is a Limit Order? Limit Orders allow you to place an order at a specific or even at a better price. A buy Limit Order will be filled if the … Read more
The purpose of funding fee is to promote a better following to index prices by a means of funding that compensates between longs, as well, shorts. Tapbit does not charge any fees on the funding fee. It is exchanged directly by way of peer-to-peer. Collection: The Funding fee is exchanged between longs and … Read more
The Price Index is a bucket of prices from the major Spot market exchanges, weighted by their relative volume. The Price Index for USDT Perpetual Contract derived prices from Binance, Bybit, OKX, Gate.io, Kucoin, Bitstamp, CoinbasePro, Kraken, Gemini, Bittrex. There are additional protections to avoid poor market performance during outages of Spot exchanges or … Read more
Flash Close refers to closing all positions at once based on the market price. Through Flash Close, you can quickly close a specified position completely. Note: Market orders may not be completely filled during extreme market conditions.
There are two margin modes on Tapbit: Isolated margin mode and Cross margin mode. What is the Isolated Margin mode? The isolated margin mode depicts the margin placed into a position is isolated from the trader’s account balance. This mode allows traders to manage their risks accordingly as the maximum amount a trader would … Read more
Tapbit adopts mark price to avoid unnecessary liquidations, forming apart of its highly leveraged products. Without this relatively sophisticated system, when the market is either being manipulated or its actually illiquid, the mark price may swing unnecessarily in relation to its index price, leading to, in many cases, an unnecessary liquidation. Mark price … Read more
