Onederx Perpetual (BTCUSD_P) allows users greater ability to profit from fluctuations in Bitcoin price than the typical spot market. This is achieved through a futures-inspired contract without an expiration date; thus allowing the miner, the speculator, or the Bitcoin holder to short or long a position with redemption at a future price the user finds amenable. Onederx Perpetual is referred to on the exchange under the ticker name BTCUSD_P. The spot market price of BTC is what drives BTCUSD_P. The trading of BTCUSD_P contracts on the Onederx Exchange closely resembles trading BTC to USD on the spot market, but with the advantage of the ability to enter short positions, and utilize up to 20x leverage. Telegram | Facebook | Medium.
Contract Symbol: BTCUSD_P Contract Type: Inverse Perpetual P&L Settlement Currency: BTC Contract Size: $1 Tick Size: $0.5 Initial Margin: 5% of the order size ($0.05 per contract) Maintenance Margin: 0.5 * Initial Margin Fees: 0.06% Taker Fee, 0.01% Maker Rebate Position Limit: $10 000 000 ( = 10 000 000 Contracts)
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