How Coin-Margined Perpetual Futures Use Collateral and Margin Modes
Summary
The guide explains Bitget coin-margined futures, where a supported cryptocurrency serves as collateral and profits and losses settle in that margin currency. It distinguishes perpetual contracts, which lack an expiry date, from delivery contracts, and describes funding payments as a mechanism intended to keep contract prices near spot prices. Its ETH collateral examples show how one margin asset can support several USD-quoted markets, while also exposing the trader to movements in the collateral itself.
The practical sections cover transferring funds, opening and closing positions, leverage, and reading realized and unrealized profit or loss. They compare isolated margin, where risk is assigned to a position, with cross margin, where account funds and eligible position gains or losses can support multiple positions. Maintenance margin, mark-price liquidation triggers, and risk controls are also described. The guide is exchange-specific and explains mechanics rather than offering a trading edge; high leverage can amplify losses, and liquidation outcomes depend on market liquidity and the platform’s rules.
Key ideas
- Coin-margined contracts use crypto collateral, and gains and losses settle in the selected margin currency.
- Perpetual futures use recurring funding payments to help keep contract prices aligned with spot prices.
- Isolated margin confines allocated collateral to a position, while cross margin shares eligible account funds across positions.
- Maintenance margin and mark prices play a role in liquidation, and exchange risk controls may cancel orders or reduce positions.
- Leverage increases capital efficiency while raising the risk of rapid losses and liquidation.
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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.