What is Linear Contract?
A futures contract is a crypto derivative that allows investors to profit from price fluctuations by opening long (buy) or short (sell) positions.
CoinEx offers both Linear Contract and Inverse Contract in Futures trading. Linear Contract, also known as "USDT-Margined Contract", is quoted, settled, and margined in USDT or other stablecoins.
🔗For more concepts about Futures Contracts and Linear Contracts, please refer to
A Beginner's Guide to CoinEx Futures Trading
What Are Linear Contract and Inverse Contract
How to Place Orders in Linear Contract Market
1. To place orders in the futures market, you need to activate Futures Trading, read Risk Reminder, and accept the risks and liability.
2. When placing orders in the linear contracts market, you can select different order types for buying (going long) or selling (going short). Also, you can adjust the leverage ratio and margin mode here.
(The image below illustrates the BTCUSDT contract.)
(1) You can switch margin modes between cross margin mode and isolated margin mode, and adjust the leverages when placing orders.
Learn more: What are Isolated & Cross Margin Modes
Note:
- When opening a position of linear futures contracts, the system will calculate the estimated cost, which includes the initial margin required to open the position and trading fees.
- If the limit order you placed cannot be executed immediately, the initial margin and trading fees will be locked for the transaction based on the preset prices.
(2) CoinEx supports 4 types of orders for Futures trading: limit order, market order, stop-limit order, and stop-market order. You could select the order type based on your needs.
Learn more: Introduction to Futures Order Types
(3) When you believe the price goes up, you could earn profits by buying (going long). When you believe the price goes down, you could earn profits by selling (going short).
Learn more:
How to Buy Long in Inverse Futures Contracts (Web)
How to Sell Short in Inverse Futures Contracts (Web)
(4) When opening a position, you can set a TP/SL price to lock in profits and stop losses. The position will be automatically closed when the market price reaches the trigger price.
Learn more: Introduction to Futures Take-Profit and Stop-Loss (TP/SL)
How to Check or Cancel Futures Orders
After placing orders, you can check the pending orders or order history. You can also cancel the pending order if needed.
Method 1:
1. Visit CoinEx's official website (https://www.coinex.com), log in to your account, and select [Futures Trading] under [Futures] in the navigation bar.
2. Scroll down to the bottom and click [Pending Order] to view open orders in the current market. To cancel an order, click [Cancel] on the right side of the page.
Note: To view open orders in all markets, uncheck the [Show current market] box.
3. Click [Order History] to check historical orders in the current market. You can also uncheck the [Show current market] box to view historical orders across all markets simultaneously.
Method 2:
1. Visit CoinEx's official website (https://www.coinex.com), log in to your account, and select [Futures Orders] under [Orders] in the top-right corner.
2. Click [Pending Orders] to view all pending orders. To cancel an order, you can click [Cancel] on the right side of the page or click [Cancel All] to cancel all orders simultaneously.
Note: If you want to check pending orders in a specific market, you can search for the keywords in the [Market] menu.
3. Click [Order history] to check order records across all markets. Additionally, you can navigate to [Trade History] and [Funding Fee] for more information.
Related Articles
Introduction to Linear Futures Contract Trading Page (Web)
Introduction to Linear Contract Leverage and Margin