Complete Guide to Bitunix Futures Terminology (App)

Item

Details

Platform

Bitunix — Futures (App)

Article Focus

Futures page terminology and UI zones (5 areas, left → right)

Contract Type

Perpetual futures (e.g. BTCUSDT) — no expiry if not liquidated

Margin Modes

Cross (“Full Position”) · Isolated (“Position-by-Position”)

Asset Modes

Single-Asset (USDT margin) · Multi-Assets (cross-asset margin; Cross only)

Max Leverage (example)

Up to 200× on select pairs such as BTC/USDT and ETH/USDT perpetuals (pair-specific limits apply)

Funding Rate

Often every 8 hours (UTC+8: 00:00, 08:00, 16:00); some low-liquidity pairs may settle hourly

Funding Direction

Positive: longs pay shorts · Negative: shorts pay longs

Pricing for Risk

Mark price used for unrealized PnL and liquidation; last price = latest trade

Order Methods

Market, Limit, Tracking, Planned, Post Only (maker-style rules)

Trading Fees

Maker / taker differ by order type; Bitunix VIP may offer fee discounts (e.g. up to 87% per platform promos)

Fee Settlement

Charged on execution; funding settled on funding schedule

Guaranteed SL

Optional coupon product for defined SL fee / slippage protection (see in-app help)

Related Guides

Margin & size · Leverage · TP/SL · Order types · Academy

BTCUSDT

The current view shows the Bitcoin (BTC) to Tether (USDT) trading pair, corresponding to a perpetual futures contract with no expiration date. As long as the position is not liquidated, it can be held indefinitely.

−1.67%

Indicates that the contract price has decreased by 1.67% compared with 24 hours ago, reflecting short term price movement.

Funding rate / Countdown

Funding rate: A mechanism used to keep the perpetual contract price aligned with the spot index price and to reflect market sentiment. Positive rate: longs pay shorts.

Negative rate: shorts pay longs. Funding is generally settled every 8 hours.

Note: Due to low liquidity and high volatility, some newly listed or low volume contracts may use more frequent funding intervals, such as hourly settlement. This can lead to higher trading costs.

Settlement times (UTC+8): 08:00, 16:00, 00:00.

Current funding rate: 0.0062% for the upcoming settlement.

Countdown: 7 hours, 40 minutes, and 46 seconds remaining until the next settlement.

Example: If you hold a long position in the BTCUSDT perpetual contract with a notional value of 10,000 USDT, and the funding rate is 0.0031%, the short side will pay you a funding fee of approximately 0.31 USDT (10,000 × 0.0031%).

Sell order area (red, upper section)

Displays pending sell orders in the order book, with prices arranged from high to low (76,954.8–76,953.8). This area reflects short term selling pressure.

Latest transaction price (76,973.2)

The most recent execution price of the current contract.

Buy order area (green, lower section)

Displays pending buy orders in the order book, with prices arranged from low to high (76,953.1–76,953.7). This area reflects short term buying support.

Long / Short ratio (B 37% / S 63%)

Represents the proportion of long and short orders in the current order book.
B: proportion of buy orders (long positions).

S: proportion of sell orders (short positions).

This ratio provides a quick view of short term market sentiment. In this example, short positions slightly exceed long positions, indicating a bearish bias.

0.1

Indicates the minimum price tick size. Prices are displayed with one decimal place, for example 87,893.4, rather than rounded to whole numbers.

Full Position (Margin Mode)

Click Full Position to switch margin modes.

Current mode: Cross Margin (Full Position Mode). In this mode, all positions for the same asset share the available margin in your account. If losses reach the liquidation threshold, margin and positions under that asset may be liquidated.

Position-by-Position mode (Isolated Margin): The system allocates independent margin for each position. If a position’s margin ratio falls below the Maintenance Margin, only that position may be liquidated. Other funds and positions are not affected. You can manually add or reduce margin for an isolated position.

Tip: Click the triangle icon on the right of Full Position to open the drop-down menu.

200× (Leverage Ratio)

Shows the currently selected leverage, which is 200×. This means you can open a position with up to 200 times the initial margin.

Click the leverage value (for example 200×) to open the leverage selector and choose other levels, such as 100×, 50×, 20×, or 10×. Higher leverage increases both potential returns and liquidation risk, so choose based on your risk tolerance.

Bitunix has officially upgraded its perpetual contracts, allowing leverage of up to 200× on BTC/USDT and ETH/USDT perpetual contracts.

Single (Asset Mode)

Click Single to switch between asset modes: Single-Asset Mode and Multi-Assets Mode.

Single-Asset Mode: Only USDT is used as margin for this contract. This is a USDT-margined contract quoted and settled in USDT.

1. Cross-asset margin is not supported. Each asset’s risk in the futures account is segregated and does not affect other assets.
2. Profits and losses can offset between positions that use the same margin asset.
3. Both Cross Margin and Isolated Margin modes are supported.

Multi-Assets Mode: Cross-asset margin is supported. Multiple assets in the futures account can be used as margin.

1. Assets in the futures account can serve as margin for each other.
2. Profits and losses can offset across positions that use different margin assets.
3. Only Cross Margin mode is supported.

Open / Close (Position Actions)

Open Long: Open a long position when you expect the price to rise.

Open Short: Open a short position when you expect the price to fall. Close: Close an existing position to realize profit or loss.

Market Order (Order Method)

Click Market Order to switch order methods.

Limit Order: Set a specific price. The order executes at that price or better, but the fill is not guaranteed.

Market Order: Executes immediately at the best available market price. It is fast, but the execution price may differ from the displayed price due to slippage.

Tracking Order: A strategy order. When price pulls back to your set range, the system automatically submits the order.

Planned Order: Set the trigger price, order price, and quantity in advance. When the trigger price is reached, the system places the order automatically. Margin and positions are not frozen before the trigger activates, making it suitable for early strategy


planning. Post Only (Core Rules):
1.No immediate execution: If the order would fill immediately, it will be canceled instead.

2. Price requirements: For a buy order, the price must be below the current best ask. For a sell order, the price must be above the current best bid.

3. Adds liquidity only: Post-only orders enter the order book and may qualify for maker fees. In futures trading, different order methods can result in different fees.

Join Bitunix VIP and unlock up to 87% fee discounts. The more you trade, the more you save. Click to learn: Join Bitunix VIP

Market Price

In Market Order mode, the system executes at the best available buy or sell price. This field displays the market price and may be editable depending on the selected order type.

USDT (Contract Unit Settings)

Click USDT to switch contract unit settings.

BTC Quantity Unit: Enter the BTC quantity directly. Suitable if you want to control position size in BTC.

USDT Cost Value: Enter the USDT amount you want to invest. The system calculates the corresponding BTC quantity based on the selected leverage.

USDT Notional Value: Enter the total position value in USDT. The system calculates the required margin based on leverage. You can also enter the quantity manually or use the Progress Bar to quickly select a position size based on available funds.

Take Profit / Stop Loss

Optional tools to pre-set trigger prices. Take Profit: When price reaches your target profit level, the system automatically closes the position to lock in profit. Stop Loss: When price reaches your loss limit, the system automatically closes the position to limit losses.

Bitunix Guaranteed Stop Loss Coupons: Can deduct fees and provide zero-slippage risk protection, helping reduce the risk of not being able to close positions in time during extreme market conditions.
Example: If you hold an ETH position with a notional value of 100,000 USDT, enabling Guaranteed Stop Loss requires a fee of 35 USDT.

Click to learn: How to Use Guaranteed Stop Loss Coupon on the Bitunix App

Available / Open

Available: Funds available in your account that can be used to open a position (for example 55.2308 USDT).

Open: The maximum position size you can open with your available funds at the current leverage.

Buy Open Long

Open a long position when you expect the price to rise and profit from upward movement.

Sell Open Short

Open a short position when you expect the price to fall and profit from downward movement.

Positioning

The currently displayed trading pair is a BTC/USDT perpetual futures contract.

The margin system is divided into Full Position Mode (Cross Margin) and Position-by-Position Mode (Isolated Margin).

Full Position Mode (currently selected): All positions under the same asset share the available margin in the account. If losses trigger liquidation conditions, all margin and positions for that asset may be liquidated.

Position-by-Position Mode: Each position uses independent margin. If a position’s margin ratio falls below the Maintenance Margin, only that position will be liquidated. Other positions and funds are not affected. You can manually add or reduce margin for an isolated position.

BTCUSDT

The current trading pair is BTC/USDT, representing a perpetual futures contract with no expiration date.

Short

Indicates that a short position is currently held, meaning the trader expects the price to fall.

Cross

Indicates that the position is using Cross Margin, where all positions under the same asset share the available margin.

200×

The current leverage is 200×, meaning the position size can be up to 200 times the initial margin.Higher leverage increases both potential returns and liquidation risk.

Bitunix has officially upgraded its perpetual contracts, allowing leverage of up to 200× on BTC/USDT and ETH/USDT perpetual contracts.

Unrealized PnL (USDT)

The floating profit or loss of the current open position that has not yet been closed. For example, +0.0065 USDT (green) indicates an unrealized profit. Unrealized PnL becomes realized only after the position is closed.

ROI

The unrealized return on margin, for example +2.42%, showing the profitability of the position relative to the margin used.

Position (BTC)

The size of the current position in BTC, for example 0.0007 BTC, representing the number of contracts held.

Margin (USDT)

The amount of margin currently allocated to the position, for example 0.3012 USDT, which is required to maintain the position.

Margin Rate

The ratio of margin to position value, for example 4.29%. A higher margin rate generally indicates lower liquidation risk.

Entry Price

The average entry price of the position, for example 76,829.1 USDT, used as the reference for calculating profit and loss.

Mark Price

A reference price used to calculate unrealized PnL and liquidation risk. It helps prevent unnecessary liquidations caused by abnormal or short-term price fluctuations.

Estimated Liquidation Price

The estimated price at which the position will be forcibly liquidated by the system, for example 81,955.1 USDT. This is a key risk warning indicator.

Realized PnL (USDT)

The actual profit or loss generated from closed portions of the position, for example 0.00000000 USDT, which is directly reflected in the account balance.

TP / SL

Allows you to set Take Profit and Stop Loss levels for the current position. When the trigger price is reached, the system automatically closes the position to lock in profits or limit losses.

Add Position

Increase the size of the existing position. This can amplify both potential returns and risks.

Close

Close part or all of the current position to realize profit or loss.

Close All

Immediately close all positions for the contract at the best available market price, ensuring a fast exit.

Trading pair and contract type (top left)

Displays the current trading pair BTCUSDT and the contract type (perpetual contract), clearly identifying the trading instrument and product type.

Optional (top right)

Click the yellow star icon (★) to add the trading pair to your watchlist for quick access.

Alerts (top right)

Click the Alert button (🔔) to set trading alerts based on indicators or price conditions. When preset conditions are met, the system sends push notifications.

Share (top right)

Click the Share button (↗) to generate a snapshot of the current K-line chart, a chart link, or a profit screenshot with one click, making it easy to share with other traders.

Latest price and mark price (top left)

Last price: The most recent executed trade price from the order book, reflecting real-time market quotes. Mark price: A reference price used for risk control, unrealized PnL calculation, and liquidation determination. It helps prevent forced liquidations caused by short-term price spikes or manipulation.

Custom K-line period (above the chart)

Switch between different chart timeframes to suit different trading styles.

5 / 15 / 30: Suitable for short-term trading and capturing intraday price movements.

1H / 4H: Suitable for swing trading and tracking mid-term trends.

Daily / Weekly: Suitable for trend analysis and understanding long-term market direction.

Technical indicator area (below the chart)

Includes indicators such as MA, EMA, BOLL, VOL, MACD, KDJ, RSI, and more. Indicator parameters can be customized to assess trend strength, momentum, and overbought or oversold conditions.

Open Long / Open Short button (bottom)

Click Open Long or Open Short to enter the trading interface.

Open Long: Open a position when you expect the price to rise.

Open Short: Open a position when you expect the price to fall.

Basic version

Click Basic Edition to switch to the simplified TradingView K-line interface for easier and faster trading.

Settings (bottom left)

Customize the chart’s colors, style, background, as well as the display of the price axis and time axis, to create a personalized analysis interface.

Quick order button (bottom right)

Enables fast order placement to improve trading efficiency.