How to play Bitget perpetual contract? Bitget futures trading introductory tutorial

Bitget offers perpetual contracts with no expiration, up to 125x leverage, and a funding rate to align with spot prices, allowing for indefinite position holding.

May 28, 2025 at 05:08 pm

Introduction to Bitget Perpetual Contracts

Bitget is a leading cryptocurrency derivatives exchange that offers various trading products, including perpetual contracts. Perpetual contracts are a type of futures contract with no expiration date, allowing traders to hold positions indefinitely. This article will provide a comprehensive guide on how to play Bitget perpetual contracts, covering everything from account setup to advanced trading strategies.

Setting Up Your Bitget Account

Before you can start trading perpetual contracts on Bitget, you need to set up an account. Here are the steps to follow:

• Visit the Bitget website and click on the "Sign Up" button.
• Enter your email address and create a strong password.
• Verify your email by clicking on the confirmation link sent to your inbox.
• Complete the KYC (Know Your Customer) process by providing the required identification documents. This step is necessary to comply with regulatory requirements and to increase your withdrawal limits.

Once your account is set up and verified, you can proceed to deposit funds and start trading.

Depositing Funds into Your Bitget Account

To trade perpetual contracts, you need to deposit funds into your Bitget account. Here's how to do it:

• Log in to your Bitget account and navigate to the "Wallet" section.
• Select the cryptocurrency you want to deposit (e.g., BTC, ETH, or USDT).
• Click on the "Deposit" button and follow the instructions to generate a deposit address.
• Transfer the desired amount of cryptocurrency from your external wallet to the provided deposit address.

After the deposit is confirmed on the blockchain, the funds will be available in your Bitget account for trading.

Understanding Bitget Perpetual Contracts

Before you start trading, it's essential to understand how Bitget perpetual contracts work. Here are the key features:

• No Expiration Date: Unlike traditional futures contracts, perpetual contracts do not have an expiration date, allowing you to hold positions indefinitely.
• Funding Rate: To keep the contract price aligned with the underlying asset's spot price, a funding rate is periodically exchanged between long and short positions.
• Leverage: Bitget offers up to 125x leverage on perpetual contracts, allowing you to amplify your trading positions.
• Liquidation: If the market moves against your position, and your margin falls below the maintenance margin level, your position may be liquidated.

Understanding these features will help you make informed trading decisions.

Placing Your First Perpetual Contract Trade

Now that you have funds in your account and understand the basics of perpetual contracts, you can place your first trade. Here's how to do it:

• Navigate to the "Futures" section on the Bitget platform.
• Select the perpetual contract you want to trade (e.g., BTCUSDT).
• Choose your leverage level by clicking on the "Leverage" button and selecting the desired amount (e.g., 10x).
• Enter the order details:
  • Order Type: Choose between "Market" or "Limit" order.
  • Side: Select "Long" if you expect the price to rise, or "Short" if you expect the price to fall.
  • Amount: Enter the amount of contracts you want to trade.
  • Price: If you selected a "Limit" order, enter the desired entry price.
• Click on the "Buy/Long" or "Sell/Short" button to place your order.

Once your order is filled, you will have an open position in the perpetual contract.

Managing Your Open Positions

After opening a position, you need to manage it effectively to maximize your profits and minimize losses. Here are some tips:

• Monitor the Funding Rate: Keep an eye on the funding rate, as it can impact your position's profitability. If the funding rate is positive, long positions pay short positions, and vice versa.
• Use Stop-Loss and Take-Profit Orders: Set stop-loss orders to limit your potential losses and take-profit orders to secure your profits automatically.
• Adjust Your Leverage: If the market moves against your position, you may need to reduce your leverage to avoid liquidation.
• Close Your Position: When you're ready to exit your position, you can do so by placing an opposite order (e.g., if you're long, place a sell order to close).

Effective position management is crucial for successful trading.

Advanced Trading Strategies for Bitget Perpetual Contracts

Once you're comfortable with the basics, you can explore advanced trading strategies to enhance your trading performance. Here are some strategies to consider:

• Scalping: This strategy involves making small, frequent trades to profit from short-term price movements. Scalpers often use high leverage and focus on liquid markets.
• Trend Following: This strategy involves identifying and following market trends. Traders using this strategy may hold positions for longer periods and use technical indicators to confirm trends.
• Arbitrage: This strategy involves exploiting price differences between different markets or exchanges. For example, you could buy a perpetual contract on Bitget and sell it on another exchange at a higher price.
• Hedging: This strategy involves opening positions that offset each other to reduce risk. For example, if you have a long position in a cryptocurrency, you could open a short position in a perpetual contract to hedge against potential losses.

Experimenting with different strategies can help you find what works best for your trading style.

Frequently Asked Questions

Q: Can I trade perpetual contracts on Bitget without completing the KYC process?

A: While you can sign up for a Bitget account without completing the KYC process, you will need to complete it to access higher withdrawal limits and certain trading features.

Q: What is the minimum amount required to start trading perpetual contracts on Bitget?

A: The minimum amount required to start trading perpetual contracts on Bitget varies depending on the contract and the leverage you choose. It's best to check the specific requirements for each contract on the platform.

Q: How often is the funding rate calculated and paid on Bitget perpetual contracts?

A: The funding rate on Bitget perpetual contracts is typically calculated and paid every 8 hours.

Q: Can I use Bitget's mobile app to trade perpetual contracts?

A: Yes, Bitget offers a mobile app for both iOS and Android devices, allowing you to trade perpetual contracts on the go.