Huobi Futures is a kind of digital currency derivatives. Users can make a profit from the rising/falling of digital currencies prices by going long or selling short based on their own judgment.
The Huobi Futures adopts spread delivery. When the futures expires, all open positions will be closed at the index-based last-hour arithmetic average price, instead of physical delivery.
Futures Variety
BTC/ETH/EOS/LTC/XRP/BCH/TRX/BSV/ETC/LINK/DOT/ADA/FIL Futures are available on Huobi Futures.
Futures are priced in USD, with corresponding digital currency (BTC/ETH/EOS/LTC/XRP/BCH/TRX/BSV/ETC/LINK/DOT/ADA/FIL respectively) as margin to open positions, and P/L is also settled in corresponding digital currency (BTC/ETH/EOS/LTC/XRP/BCH/TRX/BSV/ETC/LINK/DOT/ADA/FIL).
Futures Face Value
Each futures represents a certain amount of digital currency.
The face value of a BTC futures is $100 and the minimum price change in order book is aggregated to $0.01.
The face value of a XRP and LINK futures is $10 and the minimum price change in order book is aggregated to $0.0001.
The face value of a TRX futures is $10 and the minimum price change in order book is aggregated to $0.00001.
The face value of a ADA futures is $10 and the minimum price change in order book is aggregated to $0.000001.
For other futures varieties, unless stated, the face value of other futures varieties shall be $10 and the minimum price change in in order book are aggregated to $0.001.
Futures Expirations
Weekly, bi-weekly, quarterly and bi-quarterly futures are available in Huobi Futures.
Weekly futures will be delivered on imminent Friday;
Bi-weekly futures will be delivered on next Friday;
Quarterly futures will be delivered on the last Friday of imminent quarter.
Bi-quarterly futures will be delivered on the last Friday of next quarter.
Note: The delivery date of each futures shall not be identical with each other, and it is based on Singapore time (GMT+8). Normally speaking, the system will form a new Weekly or Bi-weekly futures after settlement every Friday. However, in terms of a Quarterly futures, when settled on the-third-to-last Friday, there are only two weeks left before the expiration, in other words, the Quarterly futures turns into a Bi-weekly one, meanwhile, if it forms a new bi-weekly futures, the same expiration date have on the two futures. Therefore, for quarterly futures, after settlement on the-third-to-last Friday of March, June, September and December, the system will form a new Bi-quarterly futures instead of a Bi-weekly one. Meanwhile, the old Bi-quarterly futures comes into being Quarterly futures and the old Quarterly futures comes into being Bi-weekly futures.
For Example:
After the settelment/delivery at 16:00 on September 11, 2020 (GMT+8), because 1225 Bi-quarterly futures is only 3 months left before the delivery date, the system will generate a new kind futures: 0326 Bi-quarterly futures which expires on 26th March, 2021; the original 1225 Bi-quarterly futures will become 1225 Quarterly futures; At the same time, 0326 Bi-quarterly futures will come.
After the stttlement/delivery at 16:00 on every Friday (GMT+8), the K line of new weekly futures will continue on the K line of the original weekly futures; the K line of new bi-weekly futures will continue on the K line of the original bi-weekly futures. In the same way, the K line of new Bi-quarterly futures will continue on the K line of the original Bi-quarterly futures. For trading information, users should refer to K-line of corresponding futures.
Leverage
Choices of leverage:1x, 5x, 20x and higher leverages.
For example, if users choose BTC weekly futures with 10x leverage, users can take 1 BTC as the margin to open long/short 10 BTC positions.
Before opening a position, users need to select the leverage. Once the leverage is selected, the weekly, bi-weekly, quarterly and bi-quarterly futures should all use the same leverage. Users cannot change the leverage unless they hold no position and have no pending orders.
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