Compared to service Perpertual Swap which was invented in 2016, this new service from MoonXBT has been improved to have more simplicity and less risk for users.
What's that Perpetual Swap?
Perpetual Swap is a kind of derivative similar to a contract futures or futures.
The main difference between the two is that the contract has no expiration date, which directly provides two advantages.
First, merchant Perpetual Swap can hold the contract longer and technically face less possibility of liquidation.
Second, it can free up traders from rebuilding positions long or short constantly, unlike during the contract futures end.
In addition, the difference between the two is that they adopt a funding level mechanism to ensure prices Perpetual Swap same as in the market spot.
Please note, traders need to consider funding levels when calculating their profit or loss. In MoonXBT, funding tier fees are exchanged between sellers and buyers at the end of every 8 hour interval.
When the funding level is positive, position holders long pay position holder short and vice versa. Users will only pay or receive funding fees if they hold positions at counting intervals only.
Why MoonXBT?
The attraction is, Perpetual Swap of MoonXBT improved based on the original invention to make it easier to operate positions and manage risk.
Perpetual Swap MoonXBT is also USDT margined. All margins, profits and losses are calculated in USDT.
Compared to similar services on some other exchanges which have USDT margin and coin margin, traders do not need to allocate their funds to different sub-accounts for pair different trades. It's very simple, far from complicated.
In addition, MoonXBT also allows users to choose from various margin levels and customize leverage as freely as they need. Leverage largest is 100 times.
Compared to products Perpetual Swap on peer platforms others that in reality only offer options leverage limited, MoonXBT actually wants to protect traders by allowing them to adjust their margins and leverage as you wish.
And for the matter of trading fees, MoonXBT charges trading fees of 0.025 percent to maker and trading fees of 0.075 percent to taker.
Because MoonXBT puts the convenience of users first, traders can be worry free to trade new product it's in platform with all the facilities provided.
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