BTC, ETH, and USDT futures contracts are forward contracts, i.e., stablecoin contracts, using USDT as margin and USDT as the settlement unit. PX has launched quarterly and bi-quarterly futures contracts. Quarterly futures contracts are derivative contracts with fixed expiration and delivery dates, with the last Friday of each quarter as the delivery date. For example, "BTCUSDT-26SEP25" means delivery will take place at 16:00 (UTC+8) on September 26, 2025.
1. Buy (Long)
Using the BTCUSDT futures contract as an example: Click [Trade] in the top left corner of the official website homepage to enter the trading page; select [BTCUSDT - 27JUN25].
Select [Leverage], [Limit Price]/[Market Price]/[Plan Order]—Enter [Price] and [Quantity]—Click [Open Long]—[Confirm].
2. Sell (Short)
Using the BTCUSDT futures contract as an example: Click [Trade] in the top left corner of the official website homepage to enter the trading page; select [BTCUSDT - 27JUN25].
Select [Leverage], [Limit Price]/[Market Price]/[Planned Order]—enter the [Price] and [Quantity]—click [Sell]—and [Confirm].
Position Limits
Position limits are a key risk control mechanism in futures trading, designed to reduce a trader's risk exposure.
Contract Tiered Position Limits
Each trading pair has a maximum opening value at different leverage levels. For a detailed table of tiered position limits, refer to the tiered position limits. These limits apply to sub-accounts. If you would like to open a larger position within a sub-account, you can reduce the leverage ratio. Please note that the initial margin required for your account will also increase with this reduction in leverage.
Position Limits
Unlike the tiered positions in futures contracts, position limits apply to all accounts under the master account. To prevent market manipulation, the platform imposes a maximum position limit on a single user. This limit is divided into an absolute limit and a percentage limit of the platform's overall position. This limit is not yet publicly available.
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