Coin-Margined Perpetual Futures Price Limit Rules
- Coin-M Perpetual Guides
To prevent the market from malicious manipulation, HTX limits the position opening and closing prices of all coin-margined perpetual futures contracts. The specific rules are as follows:
- Example: BTC Futures Price Limits
Contract |
Hard Price Limit |
Non-Basis Price Limit |
Basis Price Limit |
|||
Highest Bid Price |
Lowest Ask Price |
Highest Bid Price |
Lowest Ask Price |
Highest Bid Price |
Lowest Ask Price |
|
BTC |
6.0% |
6.0% |
4.0% |
4.0% |
2.0% |
2.0% |
Search the price limits on more types of contracts>>
(The above data and indicators may be adjusted in real time based on market conditions without prior notice.)
Assume for BTCUSD perpetual futures, the non-basis price limit range is ±4%, the hard price limit range is ±6%, and the basis price limit range is ±4%.
Within 10 minutes of the BTCUSD perpetual futures launch (non-basis price limits):
Highest bid price = min [Spot index * (1 + 6%), Spot index * (1 + 4%)]
Lowest ask price = max [Spot index * (1 - 6%), Spot index * (1 - 4%)]
10 minutes after the BTCUSD perpetual futures launch (basis price limits):
Highest bid price = min [(Basis average of the past 10 minutes + Spot index) * (1 + 4%), Spot index * (1 + 6%)]
Lowest ask price = max [(Basis average of the past 10 minutes + Spot index) * (1 - 4%), Spot index * (1 - 6%)]
The above price limit rules apply to both opening and closing positions. If users open long or close short, a hard price limit will be triggered when the order price is higher than the highest bid price; if users open short or close long, a hard price limit will be triggered when the order price is lower than the lowest ask price.
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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.