This article explains the basic specifications and key features of USDT-M Futures Contracts.
USDT-M Futures Contracts are futures products quoted and settled in USDT, a stablecoin pegged to the US Dollar.
🔍 Key Features of USDT-M Futures Contracts
1️⃣ USDT Settlement (USDⓈ Settlement)
USDT-M Futures Contracts use USDT as the base currency for:
📌 Price quotation
📌 Margin requirements
📌 Profit and loss calculation
📌 Settlement
All calculations and settlements are conducted in USDT.
2️⃣ Contract Type: Perpetual Futures Contract
USDT-M Futures Contracts are perpetual contracts, meaning they do not have an expiration date.
Positions can be held as long as margin requirements are met.
3️⃣ Contract Unit
Each futures contract defines the quantity of the underlying asset per contract (also called the contract unit).
Examples:
• BTC/USDT
• ETH/USDT
• BNB/USDT
These contracts track the price movement of their respective underlying assets.
4️⃣ Funding Fee
USDT-M Futures Contracts include a funding fee mechanism applied to open positions.
※ Currently, bitcastle operates with a 0% funding fee.
※ Funding fee policies may change in the future.
📝 Summary
USDT-M Futures Contracts provide:
✔ Easy profit and loss calculation using USDT
✔ No expiration date (perpetual contract structure)
✔ Leverage trading capability
If you have further inquiries, please don't hesitate to contact our Support Team via "Contact Us" function.
USDT-M Futures Contract Specifications
