How to trade perpetuals on Bullish

Important: Perpetual futures trading is high risk and only available to eligible professional investors in select locations and subject to regulatory approval. Perpetual futures are not available in Hong Kong or to Hong Kong users.

Opening a perpetuals position 

In perpetual futures contracts, you can place long or short positions across all supported markets.

How to open a perpetual position

To place a market order in perpetual trading:

  1. Go to the left-hand navigation and choose Trade.
    Trade in lefthand navigation.png

  2. Choose the market from the drop-down menu. Choose the market with “PERP.
    Perp markets in drop down.png

  3. Choose Buy or Sell.

  4. Choose Market.
    Market tab in Perps order.png

  5. Enter the Amount.

  6. Choose Buy or Sell under the Margin panel.

  7. Confirm Buy or Sell in the Order Confirmation pop-up window to place the margin order.
    Perps Market Order Confirmation pop up.png

To place a limit order in perpetual trading:

  1. Go to the left-hand navigation and choose Trade.

  2. Choose the market from the drop-down menu. Choose the market with “PERP.

  3. Choose Buy or Sell.

  4. Choose Limit.
    Limit tab in Perps order.png

  5. Enter the Limit Price and Amount.

  6. Choose GTC, IOC, or FOK from the Time in Force drop-down menu.

  7. Choose Buy or Sell under the Margin panel.

  8. Confirm Buy or Sell in the Order Confirmation pop-up window to place the margin order.
    Limit Order Confirmation pop up.png

To place a stop limit order in perpetual trading:

  1. Go to the left-hand navigation and choose Trade.

  2. Choose the market from the drop-down menu. Choose the market with “PERP.

  3. Choose Buy or Sell.

  4. Choose Stop Limit.
    Stop Limit tab in Perps order.png

  5. Enter the Stop Price, Limit Price and Amount.

  6. Choose GTC, IOC, or FOK from the Time in Force drop-down menu.

  7. Choose Buy or Sell under the Margin panel.

  8. Confirm Buy or Sell in the Order Confirmation pop-up window to place the margin order.
    Stop Limit Perps Order Confirmation pop up.png

How to close a perpetual position

In perpetual futures contracts, you can close your position by creating a new contract that will offset the result of the initial position. For example, to be able to close your long position of 1 BTC in the BTC/USDC market, you must also enter a short position of 1 BTC in the same market.

Minimum and maximum order sizes 

  1. Go to https://exchange.bullish.com/ and navigate to Reference.
    Reference in lefthand navigation.png
  2. Choose Trading (by default, Trading should already be selected).
    Trading tab in Reference screen.png
  3. Choose Perpetual Markets.
    Perpetual tab in Reference screen.png

Trading fees

Perpetual market trading fees are always charged in the settlement asset based on the Notional Value of that trade, converted to the settlement asset. A perpetual market may have a different maker and/or taker fee to the underlying spot market (if there even is one).

Perpetual Market Maker fee Taker feee Settlement asset

ADA/USDC PERP

0 bps

1 bps (0.01%)

USDC

ARB/USDC PERP

0 bps

1 bps (0.01%)

USDC

AVAX/USDC PERP

0 bps

1 bps (0.01%)

USDC

BCH/USDC PERP

0 bps

1 bps (0.01%)

USDC

BTC/USDC PERP

0 bps

1 bps (0.01%)

USDC

CD20/USDC PERP

0 bps

1 bps (0.01%)

USDC

DOGE/USDC PERP

0 bps

1 bps (0.01%)

USDC

DOT/USDC PERP

0 bps

1 bps (0.01%)

USDC

ETH/USDC PERP

0 bps

1 bps (0.01%)

USDC

LINK/USDC PERP

0 bps

1 bps (0.01%)

USDC

LTC/USDC PERP

0 bps

1 bps (0.01%)

USDC

MATIC/USDC PERP

0 bps

1 bps (0.01%)

USDC

NEAR/USDC PERP

0 bps

1 bps (0.01%)

USDC

OP/USDC PERP

0 bps

1 bps (0.01%)

USDC

SAND/USDC PERP

0 bps

1 bps (0.01%)

USDC

SOL/USDC PERP

0 bps

1 bps (0.01%)

USDC

XLM/USDC PERP

0 bps

1 bps (0.01%)

USDC

XRP/USDC PERP

0 bps

1 bps (0.01%)

USDC

 

 

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