Binance Futures Referral Code: 35% OFF

Binance Futures Referral Code

Are you looking for a Binance Futures Referral Code?
Get 35% OFF trading fees on Binance Futures!

(10% OFF + 25% OFF when you use BNB to pay for fees)

Sign up using our Binance Futures Referral Code STWNRF0Q and get 10% OFF trading fees + 25% OFF trading fees when you use BNB to pay for trading fees!

+ Get 40% of your friends' trading fees when you invite them to trade on Binance!

Binance Futures Referral Code 3

What is Binance Futures?

A quarterly futures contract is an agreement to buy or sell the underlying asset at a predetermined price at a specified time (delivery date) in the future. Unlike perpetual futures contracts, quarterly futures contracts will expire. When the quarterly futures contract is due, both contract buyer and seller are obligated to execute the contract regardless of where the price of the underlying asset is actually at. The buyer gains if the settlement price is higher than the entry price while the seller gains if the settlement is lower than the entry price.

The first quarterly futures contract launched by Binance Futures is BTCUSD Quarterly 0925 futures contract. The ticker name indicates the underlying asset and expiry date. BTCUSD Quarterly 0925 futures contract is quoted and settled in the denominated BTC tokens. BTCUSD Quarterly 0925 futures contract uses BTC tokens as collateral, which means you need to have BTC tokens to trade on a quarterly futures contract. BTCUSD Quarterly 0925 futures contract will expire on the last Friday of the corresponding three-month period, which is on 25 December 2020 at 08:00:00 UTC. A flat 0.015% of delivery fee will be charged for all positions settled on the delivery date. Should we add more quarterly futures contracts for trading, an official announcement will be made in advance.

BTCUSD Quarterly 0925 futures contract is a cash-delivered futures contract. Cash delivery is also known as a cash settlement. When the contract is due, the underlying asset is not exchanged directly. Instead, all open positions will be delivered at a settlement price (index-based last-hour moving average price).

Binance Futures uses “contract” as a standardized size unit when describing a quarterly futures contract position size. For example, there are 10 contracts of BTCUSD Quarterly 0925 long position and 20 contracts of BTCUSD Quarterly 0925 short position.

Contract multiplier represents the value of a contract. Each contract of BTCUSD Quarterly 0925 represents 100 USD. For example, there are 1,000 USD of BTCUSD Quarterly 0925 long position (100 USD x 10 contracts) and 2,000 USD of BTCUSD Quarterly 0925 short position (100 USD x 20 contracts).

Notional value is the contract value of a futures contract. The notional value of BTCUSD Quarterly 0925 is denominated in BTC. The notional value of the contract is calculated by multiplying the contract unit by the contract multiplier and divided by the average entry price of a position. Binance Futures uses the notional value to calculate the required margin, trading fee, delivery fee, and PNL.

Realized PNL refers to profits and losses incurred from a completed trade transaction while unrealized PNL refers to profits and losses that are happening but the related transaction has not been completed yet. For example, when User A opens 10 contracts of BTCUSD Quarterly 0925 long position, the unrealized PNL would be 0.0007 BTC. Once User A has closed the position, then only User A is said to have earned 0.0007 BTC of realized PNL. The Binance Futures Referral Code is STWNRF0Q

More Discounts!

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The cryptocurrency market is one of the fastest-growing markets today and has become a popular option for those looking to diversify their portfolios, if you'd like to sign up for a Binance Futures account, you can use our Binance Futures Referral Code.

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If you would like to read our Binance Review, follow the link below!

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About Dalton Rush

Dalton Rush has always been aware of a centuries-old cult's intent to control the majority through centrally controlled global organizations by deceiving the public into accepting their system with the help of multiple made-up crises. This is why he developed a passion for self-education, self-expression, freedom, privacy, and independence, all of which led to the creation of RushRadar.

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