Crypto Perpetual Futures: Funding, Fees, Margin, and Trade Costs
Summary
The document introduces crypto perpetual futures as leveraged contracts without a fixed expiry. It explains that funding payments between long and short positions are intended to keep the contract price near spot, and distinguishes those payments from maker and taker trading fees. Examples calculate a taker fee on a Bitcoin position and a funding payment on a long position; a separate Solana trade example estimates gross profit, funding, fees, and net profit. These illustrate how trading costs can affect returns.
The guide also outlines contract selection, order types, leverage, and isolated versus cross margin, alongside platform features such as demo trading and stop-loss controls. Its risk discussion notes liquidation and the need to monitor margin. However, much of the material is specific to one exchange, and fees, funding intervals, contract availability, and platform features can change. The examples are simplified illustrations, not evidence of trading performance; leverage can magnify losses, and funding may be paid or received depending on conditions.
Key ideas
- Perpetual futures have no scheduled expiry and use funding payments to help keep contract prices near spot.
- Trading costs can include both opening and closing fees as well as funding payments while a position is held.
- Leverage and margin settings affect liquidation risk, so traders need to monitor available collateral.
- The document illustrates fee and funding calculations but does not provide performance evidence for a strategy.
- Exchange-specific fees and features may change, and funding direction depends on market conditions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.