How to use the Binance mobile app for futures?

Understanding Binance Futures on Mobile

The Binance mobile app offers a full-featured trading environment for futures contracts, allowing users to trade perpetual and quarterly futures directly from their smartphones. Before diving into operations, ensure your account is verified and you have completed KYC (Know Your Customer) requirements. This step is mandatory for futures trading on Binance. Navigate to the app’s homepage, tap the 'Trade' tab, and select 'Futures' from the dropdown menu. You’ll be redirected to the futures trading interface, which mirrors the desktop version in functionality but is optimized for touch interaction.

Setting Up Leverage and Margin Mode

Once inside the futures section, locate the leverage display at the top-right corner of the trading chart. Tap it to adjust your leverage—options typically range from 1x to 125x depending on the asset. Remember, higher leverage increases both potential gains and risks. Below the leverage selector, toggle between 'Isolated' and 'Cross' margin modes. Isolated margin limits risk to the allocated amount per position, while Cross margin uses your entire wallet balance as collateral. For beginners, Isolated margin is safer. Always confirm your settings before placing an order to avoid unintended exposure.

Placing a Futures Order Step-by-Step

To open a long or short position:

• Tap the chart to reveal the order panel at the bottom.
• Choose your order type: 'Limit', 'Market', or 'Stop-Limit'.
• For a Market order, input the quantity you wish to trade in USDT or coin value.
• Set a Take Profit (TP) and Stop Loss (SL) by enabling the 'TP/SL' switch—this is critical for risk management.
• Review the liquidation price displayed below the order form—it shows the price at which your position will be automatically closed if losses reach a threshold.
• Confirm by tapping 'Buy/Long' or 'Sell/Short'.

  Each step must be completed deliberately; missing a TP/SL setup could result in full liquidation during volatile markets.

  Managing Open Positions

  After placing an order, your active positions appear under the 'Positions' tab. Here, you can:
• Adjust leverage without closing the position.
• Add or reduce margin by tapping the '+' or '-' icons next to the position.
• Modify TP/SL levels by selecting the three-dot menu beside the position.
• Close the position manually using the 'Close' button or set a partial close by entering a custom amount.

  Real-time P&L is shown in green (profit) or red (loss). Tap any position to view detailed metrics like entry price, mark price, and unrealized P&L. These updates happen instantly, allowing for rapid decision-making during fast-moving markets.

  Funding Rate and Its Impact

  Perpetual futures on Binance incur a funding rate, paid every 8 hours (00:00, 08:00, 16:00 UTC). If the rate is positive, longs pay shorts; if negative, shorts pay longs. This is displayed in the contract info section above the chart. Tap the ⓘ icon next to the symbol to see the next funding time and rate. Holding positions across these intervals affects your balance automatically—no action needed. Understanding this mechanism helps avoid surprises in your P&L when holding overnight or over weekends.

  Accessing Order History and Trade Reports

  To review past trades:
• Go to the 'Orders' tab below the chart.
• Select 'Position Close' to see all closed positions with timestamps, entry/exit prices, and realized P&L.
• Tap any closed trade for a breakdown of fees, funding payments, and net profit.
• Use the filter icon to sort by date range or symbol.

  This data is essential for performance tracking and tax reporting. The mobile app logs every transaction, including failed orders and partial fills, ensuring transparency comparable to the web platform.

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  FAQs

  Can I switch between USDT-M and COIN-M futures on the mobile app?Yes. At the top of the futures trading screen, tap the current mode (e.g., 'USDT-M') to switch to COIN-M, which uses crypto like BTC or ETH as collateral instead of stablecoins. Each has different contract specifications—always check the contract details before trading.

  How do I receive margin call alerts on mobile?Enable push notifications in the Binance app settings under 'Notifications' → 'Futures Alerts'. You’ll get alerts when your position’s margin ratio drops below 110%, signaling a potential liquidation risk. Do not disable these—they are crucial for timely intervention.

  Is copy trading available for futures on mobile?Yes. Tap the 'Copy Trading' tab from the main menu, select a futures trader, and set your allocation. The system mirrors their entries and exits automatically. Ensure your copy settings match your risk tolerance—you can cap the maximum leverage used in copied trades.

  What happens if my phone loses internet during a trade?Your open positions remain active on Binance’s servers. TP/SL and liquidation mechanisms execute automatically regardless of your connection. However, you cannot manually adjust or close positions until reconnected. Always monitor connectivity during high-volatility events.