How to Buy Long in USDT-M Perpetual Market?

How to gain multipled profits through opening long positions when the price goes up?
For example: Suppose that you have 1,500 USDT, and the price of BTC rises from 15,000 USDT to 16,000 USDT while you buy long BTC with 10X leverage In BTCUSDT trading market. The PNL are calculated as follows:

10*0.1* BTC*(16,000-15,000)=1,000 USDT. If you use 1,500 USDT for full position on spot trading, you can only make a profit of 100 USDT. But when you make 10X leverage through perpetual contracts, your profit will be increased by 10 times.

Note: In order to simplify the calculation of the above process, the calculation of premium, margin profit and loss, transaction fees and capital fees are ignored.

Perpetual Contract Page Description

1) Perpetual selection area 

2)Search bar and market selection area
3) Basic contract market area
4) K-line market and depth chart
5) Position type and margin area
6) Fee discount and rate area
7) Order placing area
8) Proportion of buy & sell
9) Market depth area
10) Trade history area
11) Current position and position history area
12) Transaction record area
13）Orders Area

When judging that the price of BTC will rise, you need to open/buy BTC at a lower price. When the price of BTC rises to the expected price, you can close/sell BTC at a higher price to get profit after settlement of profit and loss. The detailed steps are as follows:

Step 1: Enter the perpetual contract trading page

Step 2: Transfer the assets to the perpetual account

Step 3: Set the margin mode and adjust the leverage

Step 4: Open a position/buy BTC at a lower price

Step 5: Close the position/sell BTC at a higher price when it rises to expected price.

Step 6: Transfer the assets to the spot account

For example: Buying long BTC in the BTCUSDT market with cross position and 10X leverage

Step 1: Enter the perpetual contract trading page
1. Visit CoinEx website www.coinex.com, click [Contract] on the top to enter the contract transaction page after successfully logging in.

2. After entering the contract trading page, select the contract trading market. (Take BTCUSDT as an example)

Step 2: Transfer the assets to the contract account
Take long BTC as an example, click [Transfer], select [From Spot Account to Perpetual Account], and select [USDT] coin type, set the [Amount] and then click [Submit] to complete the transfer.

Step 3: Set the margin mode and adjust the leverage
Take cross margin mode and 10X leverage as an example, select [Cross Margin] mode and [10X] for leverage.

Step 4: Open a position/buy BTC at a lower price. (Take limit order as an example here)
1. Set the [Price] and [Amount] in the BTCUSD contract market and click [Buy BTC] to complete the order.

2. The buy/long will be completed when the order is executed, and you can view the  position details in the [Current Position].

Step 5: Close the position/sell BTC at a higher price when it rises to expected price.

Method 1: Sell the number of positions in order placement area to close the position. (Take limit order as an example here)

 Set the [Price] and [Amount] in BTCUSD contract market and click [Sell BTC] to complete the order. When the order is executed, the position will be closed/sell;

Note: When closing a position through the order placement area, if you want to completely close the position, the order amount must be the same as the position. If it is greater than the position amount, the position will be held in the opposite direction after the order is executed.

Method 2: Close the position at the current position. (Take limit order as an example here)
Set the [Price] and [Amount] on the BTCUSD contract market, and then click [Close Position] to complete the delegation. When the order is executed, the close/sell will be completed.

Step 6: Transfer the contract assets to the spot account
Click [Transfer] on the contract transaction page, select [From perpetual account to spot account], select [BTC] coin type, set the transfer [Amount] and click [Submit] to complete the transfer.

Risks
Perpetual Contract Trading not only allows you to magnify gains with fewer funds but can also saddle you with amplified losses when the market moves against you. Therefore, we strongly advise entry-level users not to use highly leveraged trading to avoid forced liquidation or even bankruptcy.