How to Sell Short in USDT-M Perpetual Market?

How to gain multipled profits through opening short position when the price goes down?
For example: Suppose that you had 1,000 USDT and the price of BTC rised from 10,000 USDT to 20,000 USDT, and you sold short BTC with 10X leverage in BTCUSDT trading market. The PNL are calculated as follows:

10*0.1 *(20,000-10,000)=10,000USDT.

If you traded 1,000 USDT in trade market, you can only buy low and sell high instead of selling short.

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 go down, you need to open/sell BTC at a higher price. When BTC drops to the expected price, you can close/buy BTC at a lower 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/sell BTC at a higher price

Step 5: Close the position/buy BTC at a lower price when it drops to expected price.

Step 6: Transfer the assets to the spot account

Take Cross position with 10X leverage to short BTC in the BTCUSDT market as an example:

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 short 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/sell BTC at a higher price. (Take limit order as an example here)
1. Set the [Price] and [Amount] in the BTCUSDT contract market and click [Sell BTC] to complete the order.

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

Step 5: Close the position/buy BTC at a lower price when it drops to expected price.

Method 1: Buy 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 BTCUSDT contract market and click [Buy BTC] to complete the order. When the order is executed, the position will be closed/buy.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 BTCUSDT contract market, and then click [Close Position] to complete the delegation. When the order is executed, the close/buy 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.