How to trade perpetuals on Bullish

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.
   

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

3. Choose Buy or Sell.
   

4. Choose Market.
   
   

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.
   

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.
   

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.
   

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.
   
   

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.
   

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.
   
2. Choose Trading (by default, Trading should already be selected).
   
3. Choose Perpetual Markets.
   
   

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).