The USDT-M futures contract offered by bitcastle Futures is a linear futures product that is quoted and settled in USDT – a stablecoin pegged to the value of the U.S. dollar.
Futures contracts offer the following characteristics:
1. Settlement in USDⓈ: Contracts are denominated and settled in USDT.
2. Expiration: Perpetual
3. Clear pricing rules: Each futures contract specifies the base asset's quantity delivered for a single contract, also known as "Contract Unit". For instance, BTC/USDT, ETH/USDT, and BNB/USDT futures contracts represent only one unit of its respective base asset, similar to spot markets.
4. Funding fee: bitcastle's funding fee is zero now.
If you have further inquiries, please don't hesitate to contact our Support Team via "Contact Us" function.