How LBank makes contracts

On LBank's exchange, users can create and customize perpetual, futures, and options contracts with specified parameters like symbol, margin, and order type.

Nov 29, 2024 at 02:02 pm

How LBank Makes Contracts

LBank is a global cryptocurrency exchange that offers a variety of services, including spot trading, margin trading, and futures trading. The exchange also offers a variety of contracts, including perpetual contracts, futures contracts, and options contracts.

1. Create a Contract

To create a contract on LBank, you will need to first create an account on the exchange. Once you have created an account, you can click on the "Contracts" tab at the top of the page.

On the Contracts page, you will see a list of all of the available contracts. You can click on any of the contracts to view more information about it.

To create a contract, click on the "Create Contract" button. You will then need to select the type of contract you want to create.

2. Select the Contract Type

There are three types of contracts available on LBank:

• Perpetual contracts: Perpetual contracts are contracts that do not have an expiration date. They are similar to futures contracts, but they do not have a fixed settlement date.
• Futures contracts: Futures contracts are contracts that have a fixed expiration date. When the contract expires, the buyer and seller must settle the contract at the agreed upon price.
• Options contracts: Options contracts give the buyer the right, but not the obligation, to buy or sell an asset at a certain price on or before a certain date.

3. Set the Contract Parameters

Once you have selected the type of contract you want to create, you will need to set the contract parameters. The contract parameters will vary depending on the type of contract you are creating.

For example, if you are creating a perpetual contract, you will need to set the following parameters:

• Symbol: The symbol of the asset that the contract is based on.
• Margin: The amount of margin that you will need to post in order to create the contract.
• Leverage: The amount of leverage that you will use for the contract.
• Order type: The type of order that you want to create.

4. Fund the Contract

Once you have set the contract parameters, you will need to fund the contract. You can fund the contract using either BTC or USDT.

To fund the contract using BTC, click on the "Deposit" button and then select "BTC." You will then need to enter the amount of BTC that you want to deposit and the address of your BTC wallet.

To fund the contract using USDT, click on the "Deposit" button and then select "USDT." You will then need to enter the amount of USDT that you want to deposit and the address of your USDT wallet.

5. Place the Order

Once you have funded the contract, you can place the order. To place the order, click on the "Place Order" button. You will then need to select the order type that you want to use and enter the order quantity.

If you are creating a market order, the order will be executed immediately at the current market price. If you are creating a limit order, the order will only be executed if the market price reaches the specified limit price.

6. Monitor the Contract

Once you have placed the order, you can monitor the contract on the "Contracts" page. The Contracts page will show you the status of your contract, the current market price, and the profit or loss that you have made on the contract.

You can also manage your contract on the Contracts page. You can add or remove margin, close the contract, or take profit on the contract.