How to use Contract Trading (Futures) in Gate.io

How to transfer and check the account contract balance 【PC】

Gate.io perpetual contract is able to transfer and check the balance on the contract page. If users need to transfer or check the balance when Participating in contract trading, they can check on the contract page or contract account details for more information.

1.Check the account balance

1） You can check your balance from the available on the perpetual contract page.

2）Stimutaneously, you can check your balance from the wallet of your contract account.


2.Transfer

1）You can transfer your balance at transfer on the perpetual contract page, click the transfer button, and select transfer balance or select the direction of your transfer, then enter the amount how much you want to make the transfer and click confirm.

To transfer your point card, you can simply click point card transfer and select the direction of transfer, then enter the amount you want to make the transfer.

Note:
① You can select the direction of your transfer. (From Spot Account to Contract Account/ From Contract Account to Spot Account ).
② You can enter the amount you want to transfer.

2）You can also transfer in the Wallet page, the way to do it is:

Find Wallet in the navigation bar —— ‘Overall Balance’ —— Transfer, select the direction of your transfer, the currency, and the amount, and then click confirm.
Just select POINT to transfer your point card.

3）You can also transfer in the wallet of your contract account. The way to do it is:

Click Wallet in the navigation bar —— Contract Account —— Transfer, select the direction of the transfer, the currency, and the amount, then click Confirm. Just select POINT to transfer your point card.

*Note: BTC settlement contract and USDT settlement contract balance and point card should all be transferred separately.
 

How to transfer and check the account contract balance【APP】

Gate.io perpetual contract is able to transfer and check the balance on the contract page. If users need to transfer or check the balance when Participating in contract trading, they can check on the contract page or contract account details for more information.

1.Check the account balance

1）You can check your balance from the available on the perpetual contract page.

2）You can also click Contract Account to check your balance in your account.


2.Transfer

1）You can transfer your balance at transfer on the perpetual contract page, click the transfer button, and select transfer balance or select the direction of your transfer, then enter the amount how much you want to make the transfer and click confirm.


2）You can also transfer in the Wallet page, the way to do it is:

Find Wallet in the navigation bar —— ‘Overall Balance’ —— Transfer, select the direction of your transfer, the currency, and the amount, and then click confirm.

3）You can also transfer in the wallet of your contract account. The way to do it is:

Click Wallet in the navigation bar —— Contract Account —— Transfer, select the direction of the transfer, the currency, and the amount, then click Confirm.


Note:
① You can select the direction of your transfer. (From Spot Account to Contract Account/ From Contract Account to Spot Account )
②You can select the currency that you want to transfer.
③You can select the amount you want to transfer.

Note:
BTC settlement contract and USDT settlement contract balance and point card should all be transferred separately.

3.Point Card Transfer

Point Card Transfer is the same as the balance transfer, just click POINT when selecting the currency.

Note:
① You can select the direction of your transfer. (From Spot Account to Contract Account/ From Contract Account to Spot Account)
②You can select the currency that you want to transfer.
③You can select the amount you want to transfer.

Note:
BTC settlement contract and USDT settlement contract balance and point card should all be transferred separately.

How to Open a Position

Instructions for Gate.io contract position opening (web version)

*Note:
One-way/ Two-way positions are the same. (All following examples are USDT settlement contracts of BTC_USDT trading, the webpage screenshot below is an analog contract.)

There are two ways of placing an order:
You can select from Limit Price or Market Price.
Placing a long-position order to buy in when the market price is predicted to rise; placing a short-position to sell when the market price is predicted to fall.

1.Limit Price

Operation Method:
①Click to select Cross/Isolated Mode and the Leverage
②Input the price or select the price from the left-side
③Input the amount of opening a position
④Select Buy or Sell
⑤Make sure all information is correct and click confirm to place the order.

If the order is not filled immediately or fully filled, you can check under the Current Order list, or you can also withdraw the order to cancel it:

After an order is filled, you can check under the Position list. The margin can be adjusted under the Isolated Position Mode ( All balances in the traders contract account will be used as the margin under the Cross Position Mode ).

*Note: The liquidation price will be recalculated after adjusting the margin. Please be aware of the risk of forced liquidation.

2.Market Price

Operation Method:
①Click to select Cross/Isolated Mode and the Leverage
②Input the amount of opening a position
③Select Buy or Sell
④Make sure all information is correct and click confirm to place the order.

*Note: The order will be taken directly if choosing the market price. The order will be filled immediately without placing an order.

Instructions for Gate.io contract position opening (app version)

*Note:One-way/ Two-way positions are the same.

(All following examples are USDT settlement contract of BTC_USDT trading, the webpage screenshot is an analog contract.)

1.Limit Price

Operation Method:
①Click to select Cross/Isolated Mode and the Leverage
②Input the price or select the price from the right-side
③Input the amount of opening a position
④Select Buy or Sell
⑤Make sure all information is correct and click confirm to place the order.

If the order is not filled immediately or fully filled, you can check under the Current Order list, or you can also withdraw the order to cancel it:

After an order is filled, you can check under the Position list. The margin can be adjusted under the Isolated Position Mode ( All balances will be used as the margin under the Cross Position Mode ).

*Note:The liquidation price will be recalculated after adjusting the margin. Please be aware of the risk of forced liquidation.

2.Market Price


Operation Method:
①Click to select Cross/Isolated Mode and the Leverage
②Input the amount of opening a position
③Select Buy or Sell
④Make sure all information is correct and click confirm to place the order.

*Note:The order will be taken directly if choosing the market price. The order will be filled immediately without placing an order.
 

How to Reduce/Close a Position【PC】

(All following examples are USDT settlement contracts of BTC_USDT trading, the webpage screenshot below is an analog contract.)

1 How to reduce a position

Under the One-way position mode:

1.Under the same trading pair, you can reduce a position by creating a new position opposite the current position. When the order is filled:

1)The amount of inverse contract position is lower than the current position, that is reduce position, you can review the PNL of reducing a position in the billing statement.

2)When the position amount of inverse contract and current contract are the same, that is close position, of which the details may not be viewable in the closing position history.

3)When the position amount of the inverse contract exceeds the current position, the user will be holding positions opposite to the current contract.

2.To reduce directly in the position:

On the right side of the Position list, input the number you want to reduce in Price.
Click Amount, and input the amount( You can choose from 25%, 50%, and 75% or input a specific number ).
Click Limit to enter the confirm page.
The process will be completed after the order is filled.

Theres no need to input a price if selecting Market Price. You just need to select the amount to complete reducing the position.

Under the Two-way position mode:

Under the two-way position mode, users can reduce a position on the position-opening page. The specific operation is the same as that under the one-way mode: If you click Close Position on the position-opening page, you can simply input the price and amount.

Theres no need to input a price if selecting Market Price. You just need to select the amount to complete reducing the position.

2 How to close a position

Under the One-way position mode: You can close a position at the limit price or market price.

1.Limit

On the right side of the Position list, input the number you want to close in Price.
Click Amount, and input the amount.
Click Cross or input the amount directly.
Click Limit to enter the confirm page.
The process will be completed after the order is filled.

The order will be displayed in Reduce-Only if its not filled immediately.
You can look up the order details.
It will be marked as Reduce-Only.
You can cancel the order by clicking Withdraw.

2.Market:

The specific operation is the same as that under the limit price. The position can be closed without inputting any price. ( The depth of the market is ever-changing so that the predicted price is for reference only. Due to the potential bises, please pay attention when operating a position-closing. )

Under the Two-way position mode:

Under the two-way position mode, users can close a position on the position-opening page. The specific operation is the same as that under the one-way mode: If you click Close Position on the position-opening page, you can simply input the price and amount.

Theres no need to input a price if selecting Market Price. You just need to select the amount to complete closing the position.

Note:
Since there are only long and short positions instead of inverse positions under the two-way position mode, so there is not a selection of Reduce-Only.

Correspondingly, the original direction of go long and go short become open long, close-range, open short, and close short. So that users need to pay attention to choose an inverse position to reduce or close.

For example, choose to sell long to close a long position, and buy short to close a short position, and not open any position in the opposite direction.

When the amount of position you want to reduce exceeds the current position amount, only orders of the current position size can be filled successfully. If users want to open opposite positions after closing a position, an inverse position needs to be opened separately.

How to Reduce/Close a Position【APP】

(All following examples are USDT settlement contracts of BTC_USDT trading, the webpage screenshot below is an analog contract.)

1 How to reduce a position

Under the One-way position mode:

1.Under the same trading pair, you can reduce a position by creating a new position opposite the current position. When the order is filled:

1） The amount of inverse contract position is lower than the current position, that is reduce position, you can review the PNL of reducing a position in the billing statement.

2） When the position amount of inverse contract and current contract are the same, that is close position, of which the details may not be viewable in the closing position history.

3）When the position amount of the inverse contract exceeds the current position, the user will be holding positions opposite to the current contract.

2.To reduce directly in the position:

On the right side of the Position list, input the number you want to reduce in Price
Click Amount, and input the amount( You can choose from 25%, 50%, and 75% or input a specific number )
Click Limit to enter the confirm page
The process will be completed after the order is filled.


Theres no need to input a price if selecting Market Price. You just need to select the amount to complete reducing the position.

Under the Two-way position mode:

Under the two-way position mode, users can reduce a position on the position-opening page. The specific operation is the same as that under the one-way mode: If you click Close Position on the position-opening page, you can simply input the price and amount.

Theres no need to input a price if selecting Market Price. You just need to select the amount to complete reducing the position.

2 How to close a position

Under the One-way position mode: You can close a position at the limit price or market price.

1.Limit Price:

On the right side of the Position list, input the number you want to close in Price
Click Amount, and input the amount
Click Cross or input the amount directly
Click Limit to enter the confirm page
The process will be completed after the order is filled.


The order will be displayed in Reduce-Only if its not filled immediately. You can look up the order details It will be marked as Reduce-Only You can cancel the order by clicking Withdraw

2.Market Price:

The specific operation is the same as that under the limit price. The position can be closed without inputting any price. ( The depth of the market is ever-changing so that the predicted price is for reference only. Due to the potential bises, please pay attention when operating a position-closing. )

Under the Two-way position mode:

Under the two-way position mode, users can close a position on the position-opening page. The specific operation is the same as that under the one-way mode: If you click Close Position on the position-opening page, you can simply input the price and amount.

Theres no need to input a price if selecting Market Price. You just need to select the amount to complete closing the position.

Note:
Since there are only long and short positions instead of inverse positions under the two-way position mode, so there is not a selection of Reduce-Only.

Correspondingly, the original direction of go long and go short become open long, close-range, open short, and close short. So that users need to pay attention to choose an inverse position to reduce or close. For example, choose to sell long to close a long position, and buy short to close a short position, and not open any position in the opposite direction.

When the amount of position you want to reduce exceeds the current position amount, only orders of the current position size can be filled successfully.

If users want to open opposite positions after closing a position, an inverse position needs to be opened separately.
 

Adjust Margin on Position

On the condition that the current balance in the users account is sufficient to support the position, the user can adjust the amount of the margin according to their preference, including both increasing and reducing.

Users can tap the Margin Amount on the position page and tap in the amount to adjust the margin as shown in the following screenshot:


The leverage used for opening the position and the leverage in the order zone will not be affected when the margin is added to the position, but the leverage of the actual position and close price will change accordingly to the margin. If the margin reduces, the actual leverage multiplier will go up and the gap between the liquidation price and mark price will be smaller, that the user may face a higher risk. Conversely, If the margin rises, the actual leverage multiplier will go down and the gap between the liquidation price and the mark price will be bigger, that the user may face a lower risk.

Users can remove the margin at most when the leverage is not yet adjusted.

When making profits, users can remove all margins. When losing, the removable margin = margin transferred in - unrealized PNL ( If the position has been adjusted, users will also have to take the fee for position adjustment and etc. )

*Note:
1） Users need to pay attention to the changes in liquidation price while adjusting the margin and to prevent a forced liquidation.

2） If a user changes the leverage after adjusting the margin, then the adjusted margin will invalidate, and will have to recalculate the margin according to the current leverage.

3） Users need to make sure the leverage margin is sufficient before reducing the margin, or they can also reduce the margin by increasing the leverage. In the meantime, users will also have to make sure the margin is sufficient before reducing the leverage, or else it can be adjusted.

4） Adjust the margin before adding positions. The margin will be shared and wont invalidate. If reducing positions, then the margin will be reduced according to the proportion of ADL.

5）Margin adjustments in cross margin mode are made in the positions. In isolated margin mode, users can transfer funds directly to the contract account.

How to use contract calculator

The Contract Calculator helps traders to calculate the PNL, Liquidation Price, and Target Price under the USDT and BTC contract.

Calculations for PNL:
Find the contract calculator, select long or short, input the leverage, position, opening price, and closing price, click Calculate, then youll have the position margin, PNL, and Return of Investment.

For example:
Assuming that a user placing a BTC_USDT short order with 2X leverage, position 0.1BTC, opening price 30,645.8, and closing price 45,740.2.

The web operation:

1.Find the Contract Calculator at the top right corner of the contract trading page.

2.Calculations of PNL, Liquidation Price, and Target Price

1）PNL:
Click PNL and select Short, input the corresponding leverage, position, opening price, and closing price, click Calculate, then youll have the position margin, PNL, and Return of Investment.

2）Liquidation Price:
Click Liquidation Price and select Short/Isolated, input the corresponding leverage, position, opening price, and closing price, click Calculate, then youll have the liquidation price, current position, and the position size after once settled.

3）Target Price:
Click Target Price and select Short, input the corresponding leverage, position, opening price, and closing price, click Calculate, then youll have the target price.


The app Operation:

1.Click … on the top right corner and find the Contract Calculator

2.Calculations of PNL, Liquidation Price, and Target Price

1）PNL:
Click PNL and select Short, input the corresponding leverage, position, opening price, and closing price, click Calculate, then youll have the position margin, PNL, and rate of return. img

2）Liquidation Price:
Click Liquidation Price and select Short/Isolated, input the corresponding leverage, position, opening price, and closing price, click Calculate, then youll have the liquidation price, current position, and the position size after once settled.

3）Target Price:
Click Target Price and select Short, input the corresponding leverage, position, opening price, and rate of return, click Calculate, then youll have the target price.

Note:
The result of the contract calculator is for reference only. There might be deviation calculations because of the funding fee and rate in actual operations. The two-way position mode of USDT and BTC perpetual is currently not supported.

How to manage Basic Contract Settings

Web Version:

Click Settings on the top right corner of the Gate.io perpetual page to manage the basic contract settings.

USDT Settlement Contract:

Manage the contract settings under the USDT settlement:

Note:
① The opening position contract can be adjusted to be calculated based on currency or contract amount. ( Note: Adjustment will be applied by all contracts. )

② The mode of position holding can be adjusted to a one-way position ( There is only one position for each contract) or a two-way position ( At most two positions will be supported for each contract under the isolated position mode with independent position margin ). ( Note: Adjustment will be applied by all contracts. )

③ After turning on the order confirmation function, you will receive notifications of Limit Orders, Market Orders, and Planned Orders. ( Note: The confirmation box will pop up every time when submitting an order. )

④ You can choose whether to turn on the settlement confirmation. Once turned on, the notification will pop up when there is an order settled; if not, there will not be any notifications for settled orders. ( Note: Adjustments will be applied by all contracts. )

⑤ You can choose whether to turn on the price protection. ( Note: Once turned on, when the Stop-Limit reached the trigger price and the price difference between the last price and mark price exceeds the reasonable threshold preset by the system, the Stop-limit order will be rejected in order to prevent the stop-limit caused by the price fluctuation. The price protection will be put into use once its turned on, and the API order will not be limited to whether the price protection is turned on or not. Adjustments will be applied by all contracts. )

⑥ You can choose whether to turn on the stop-limit trigger notification and funding fee notification. ( Once turned on, the notification will be sent through E-mail). ( Note: Once turned on, the notifications will be sent through E-mail, and adjustments will be applied by all contracts. )

⑦ Click Confirm to apply all settings.

BTC Settlement Contract:
Manage the contract settings under the BTC settlement:

Note:
① The mode of position holding can be adjusted to a one-way position ( There is only one position for each contract) or a two-way position ( At most two positions will be supported for each contract under the isolated position mode with independent position margin ). ( Note: Adjustment will be applied by all contracts. )

② After turning on the order confirmation function, you will receive notifications of Limit Orders, Market Orders, and Planned Orders. ( Note: The confirmation box will pop up every time when submitting an order. )

③ You can choose whether to turn on the settlement confirmation. Once turned on, the notification will pop up when there is an order settled; if not, there will not be any notifications for settled orders. ( Note: Adjustments will be applied by all contracts. )

④ You can choose whether to turn on the price protection. ( Note: Once turned on, when the Stop-Limit reached the trigger price and the price difference between the last price and mark price exceeds the reasonable threshold preset by the system, the Stop-limit order will be rejected in order to prevent the stop-limit caused by the price fluctuation. The price protection will be put into use once its turned on, and the API order will not be limited to whether the price protection is turned on or not. Adjustments will be applied to all contracts. )

⑤ You can choose whether to turn on the stop-limit trigger notification and funding fee notification. ( Once turned on, the notification will be sent through E-mail). ( Note: Once turned on, the notifications will be sent through E-mail , and adjustments will be applied by all contracts. )

⑥ You can adjust the contract accuracy. You can select from BTC ( 1 BTC = 1000 mBTC = 1000000 uBTC ), mBTC ( Milli-Bitcoins ), and BTC ( Micro-Bitcoins ).

⑦ Click Confirm to apply all settings.

App Version:

Click … on the top right corner of the Gate.io perpetual page to manage the basic contract settings.

USDT Settlement Contract:

Manage the contract settings under the USDT settlement:


Note:
① The opening position contract can be adjusted to be calculated based on currency or contract amount. ( Note: Adjustment will be applied by all contracts. )

② The mode of position holding can be adjusted to a one-way position ( There is only one position for each contract) or a two-way position ( At most two positions will be supported for each contract under the isolated position mode with independent position margin ). ( Note: Adjustment will be applied by all contracts. )

③ After turning on the order confirmation function, you will receive notifications of Limit Orders, Market Orders, and Planned Orders. ( Note: The confirmation box will pop up every time when submitting an order. )

④ You can choose whether to turn on the price protection. ( Note: Once turned on, when the Stop-Limit reached the trigger price and the price difference between the last price and mark price exceeds the reasonable threshold preset by the system, the Stop-limit order will be rejected in order to prevent the stop-limit caused by the price fluctuation. The price protection will be put into use once its turned on, and the API order will not be limited to whether the price protection is turned on or not. Adjustments will be applied by all contracts. )

⑤ You can choose whether to turn on the stop-limit trigger notification and funding fee notification. ( Once turned on, the notification will be sent through E-mail). ( Note: Once turned on, the notifications will be sent through E-mail, and adjustments will be applied by all contracts. )

BTC Settlement Contract:
Manage the contract settings under the BTC settlement:


Note:
① You can adjust the contract accuracy can be adjusted. You can select from BTC ( 1 BTC = 1000 mBTC = 1000000 uBTC ), mBTC ( Milli-Bitcoins ), and BTC ( Micro-Bitcoins ).

② The mode of position holding can be adjusted to a one-way position ( There is only one position for each contract) or a two-way position ( At most two positions will be supported for each contract under the isolated position mode with independent position margin ). ( Note: Adjustment will be applied by all contracts. )

③ After turning on the order confirmation function, you will receive notifications of Limit Orders, Market Orders, and Planned Orders. ( Note: The confirmation box will pop up every time when submitting an order. )

④ You can choose whether to turn on the price protection. ( Note: Once turned on, when the Stop-Limit reached the trigger price and the price difference between the last price and mark price exceeds the reasonable threshold preset by the system, the Stop-limit order will be rejected in order to prevent the stop-limit caused by the price fluctuation. The price protection will be put into use once its turned on, and the API order will not be limited to whether the price protection is turned on or not. Adjustments will be applied by all contracts. )

⑤ You can choose whether to turn on the stop-limit trigger notification and funding fee notification. ( Once turned on, the notification will be sent through E-mail). ( Note: Once turned on, the notifications will be sent through E-mail, and adjustments will be applied by all contracts. )
 

Perpetual Contract Bonus related FAQ

1. What are perpetual contract bonus of Gate.io?
Gate.io perpetual contract bonus can be used as margin and deduct losses, trade fees and funding fee. Gate.io perpetual contract bonus are designed to facilitate new and old users to experience the function of contract products without risk in real contract trading.

2. How to get and use perpetual contract bonus?
1)Perpetual contract bonus of Gate.io will be distributed in the form of USDT or BTC;

2)Users can get perpetual contract bonus through give-away events, and claim it on contact trade page,

3)The user obtains perpetual contract bonus through designated events, which can be collected in the contract trading area;

4)Users can view the perpetual contract bonus she/he has received in the contract trading page-assets or wallet-contract account;

5)Perpetual contract bonus can be used directly as a trade principal, serving as a contract trade margin and to deduct account losses, trade fees and funding fees.

3. How perpetual contract bonus work
1)Gate.io perpetual contract bonus will be deducted in priority over the accounts own principal;

2)The part of the profit obtained from the perpetual contract bonus trading can be transferred or withdrew.

Example：
User A’s account has its own 50 USDT funds and 100 USDT perpetual contract bonus. After the first transaction is closed, the loss of 80 USDT will be first deducted with the perpetual contract bonus. The remaining perpetual contract bonus is 20 USDT, and the own funds 50 USDT remains unchanged. After the position is closed again, the profit will be 20 USDT, and the perpetual contract bonus will remain unchanged at 20 USDT, while the own funds will be changed to 70 USDT, and the profit from the position can be transferred.

4. What are the limitations of the perpetual contract bonus?
1)Perpetual contract bonus cannot be transferred or withdrew;

2)The perpetual contract bonus will keep valid for 30 days upon being received. When the unspent part expires, the will automatically withdraw it. The risk of position liquidation should be noted.

3)The perpetual contract bonus is only supported in certain contract markets. In the event that there is an unfilled order or position in market that does not support perpetual contract bonus, the perpetual contract bonus can only be received after the order is canceled or the position is closed. After receiving and before exhaustion of the perpetual contract bonus, placing order in a market that does not support the fund will not be allowed. Markets supporting the fund are as follows:

BTC_USDT, ETH_USDT, LINK_USDT, DOT_USDT, SHIB_USDT, XRP_USDT, LUNA_USDT, EOS_USDT, DOGE_USDT, ADA_USDT, LTC_USDT, SUSHI_USDT, UNI_USDT, BSV_USDT, FIL_USDT, BNB_USDT, ALICE_USDT, AXS_USDT, BCH_USDT,CRV_USDT；

4)Sub-accounts are not eligible to use perpetual contract bonus.

Example
User A has 100USDT perpetual contract bonus in his account and holds a BTC/USDT position through contract trading which occupies 80USDT of the perpetual contract bonus without position liquidation. After the perpetual contract bonus expires after 30 days, the unused perpetual contract bonus 20USDT in the account will be automatically recovered and cleared.

5. In case of malicious acquisition of perpetual contract bonus and any other similar behaviors, Gate.io has the right to retrieve the loss and take action to the relevant account.

6. The final interpretation right of perpetual contract bonus of Gate.io is reserved to Gate.io.