What is a Coin-M perpetual futures contract?

A Coin-M perpetual futures contract is a coin-margined contract. You post the underlying coin as margin and your realized profit and loss are also settled in that same coin. Example: in a BTC-M perpetual position, you deposit BTC as margin and all PnL is settled in BTC. This differs from USDT-M contracts, where you post and settle in USDT.

Key characteristics

• Margin and PnL are denominated in the underlying coin.
• Contracts do not expire. Funding payments keep the contract price near the spot index.
• You can choose isolated or cross margin and adjust leverage according to your risk tolerance.

Advantages of Coin-M perpetual futures

• Earn in the asset you are bullish on: If you hold BTC and expect upside, Coin-M lets you post BTC as margin and realize profits directly in BTC.
• Avoid stablecoin conversion frictions: Because both margin and settlement use the underlying coin, you reduce repeated swaps between the coin and stablecoins.
• Flexible strategies: Support for cross or isolated margin and adjustable leverage lets you manage risk and capital efficiency.
  
  

Trading settings

Step 1: Transfer assets

1. Open the Bitunix web platform. Tap Assets on the top right bar.
2. Tap Transfer.
3. Set From to Spot Account and To to Futures Account.
4. Under Coin, select BTC.
5. Enter the Quantity and tap Confirm.

Step 2: Select a trading pair

1. Tap Futures on the top navigation bar.
2. On the menu, tap the symbol at the top left (Coin M) and then tap one of the trading pairs (BTCUSD) for example.
3. Use Search or pick a contract from the list and select BTCUSD.

Coin-M margin type reminder
Margin future: The underlying currency is used as the secured asset, it must be held before trading, and profit and loss are settled in that currency.

Step 3: Set leverage and order type

1. In the order panel, tap the leverage display (for example 50X) to open Adjust leverage.Set the desired leverage for Open long and Open short.You may enable Adjust Long and Short Leverage Simultaneously if needed.Tap Confirm.
2. Choose the Order type. Tap the order-type selector and pick Limit, Market, Trigger order, or Trailing Stop.A Market order will execute at the current market price.A Limit order will execute at your specified price.

Position Mode and Margin Models

Cross vs. Isolated margin

• Cross margin The account’s margin is shared across all open positions. Profits and losses from different positions can offset one another.
• Isolated margin Margin is assigned to each position independently. The PnL and liquidation risk of one position do not affect another.
• Both Cross and Isolated margin modes are supported.

Asset model

• Single-currency margin Uses one coin as margin. Cross-asset offset is not supported. Risks of assets in the futures account are separated by currency.
• Joint margin model Supports cross-asset futures margin where eligible assets in the futures account can provide mutual margin. Profits and losses across margin assets can offset one another under this model.

Step 4: Enter the order size

1. Enter quantity in contracts or amount.
2. Choose your order type. In your screenshots the panel shows Market.

Step 5: Set Take Profit / Stop Loss and place an order

1. Before the order is filled, click TP/SL on order panel.
2. In the TP/SL window, set your take-profit and stop-loss parameters.
3. Tap Open long to buy or Open short to sell.

Buy long / sell short

• Buy long opens a long position and benefits if price rises. After opening, you can view the position under Positions and set TP/SL or close the position.
• Sell short opens a short position and benefits if price falls. After opening, you can manage it under Positions, including TP/SL or position close.

Conclusion

Coin-M futures provide a path to earn coins with coins. They suit traders who are bullish on the underlying asset over the long term and who want to capture both price appreciation and coin-denominated PnL during uptrends. With flexible leverage, multiple order types, and built-in risk controls such as TP/SL, you can manage positions precisely and control risk. Understand each mode’s characteristics and make disciplined decisions to use Coin-M futures effectively in your crypto strategy.

Disclaimer

This article is not intended to provide:

(i) investment advice or investment recommendations;

(ii) an offer, invitation, or solicitation to buy, sell, or hold digital assets;

(iii) financial, accounting, legal, or tax advice.

Digital assets, including stablecoins and NFTs, carry significant risk and price volatility. Evaluate whether trading or holding digital assets is appropriate for your financial situation. Seek guidance from your legal, tax, or investment adviser regarding your specific circumstances.

Bitunix assumes no responsibility for any investment outcomes. You are solely responsible for understanding and complying with all applicable local laws and regulations.