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How to start trading on Binance futures?

Follow these steps to start trading on our Binance Futures platform: Deposit USDT, BUSD into your USDⓈ-M Futures account as margin, and other Coins e.g. BTC into your COIN-M Futures as margin Here’s an example of how you can profit by going long or short on a futures contract:

What is last price and Mark Price in Binance futures?

To avoid spikes and unnecessary liquidations during periods of high volatility, Binance Futures uses Last Price and Mark Price. The Last Price is easy to understand. It means the Last Price that the contract was traded at. In other words, the last trade in the trading history defines the Last Price.

What is funding/Countdown in Binance futures?

If you are going long on an asset, then you are required to pay certain interest to the short sellers. This interest must be paid every eight hours and is known as funding. This rate is usually 0.01%. Remember to keep this into account whether you are going long or short.

What is the margin balance in Binance futures?

The Margin Balance is the balance of your Binance Futures account, including your unrealized PnL (Profit and Loss). So, your profits and losses will cause the Margin Balance value to change. If you’re using Cross Margin mode, this balance will be shared across all your positions.

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