Perpetual Contracts
A perpetual contract is a derivatives financial contract. At TetaDex, we offer USDT collaterized contracts that can be held and traded for an indefinite amount of time as it has no expiration date, unlike other derivatives contracts.
USDT Perpetual Contracts
TetaDex offers decentralized access to USDT collaterized contracts with StarkEx's Layer 2 scalability capabilities on Ethereum, ensuring data integrity and EVM-compatibility with maximum fund security guarantees and transaction transparency. With lower fees, an advanced pricing system, higher transaction speeds and up to 50x leverage on contracts offered, traders can make the most of their trades in the safest trading environment on TetaDex.
Cross Margin
Traders can access multiple perpetual contract markets on a single margin account, allowing for enhanced capital efficiency while trading multiple pairs in an improved user experience. Traders can now simply deposit any asset, which is converted to USDT collateral so traders can enter any of the markets that TetaDex offers in that same account.
Margin, Profit & Loss (PnL) Calculations
Margin and PnL are calculated in USDT. Traders will not have to hedge their positions to avoid the risk of holding non-stablecoin cryptocurrency. PnL chart follows a linear curve, e.g. if the price moves by 100 USDT when trading 1 BTC, the trader's PnL will see a change of 100 USDT.
Open Interest & Leverage
Open interest refers the total amount of outstanding derivative contracts held by traders that has not been settled at the end of a trading day.
Leverage
Centralized exchanges may offer higher leverage of up to 125x, but traders most frequently utilize leverage at the lower end of the range. To ensure that traders comfortably make their trades in a safe and trusted environment, TeTaDex offers an optimal amount of leverage to meet the needs of individual traders in the community.
We are now offering up to 50x leverage on TeTaDex for selected perpetual contracts.
For more leverage information on perpetual contracts symbols, click here.
Last Price, Index Price and Oracle Price
Last Price
This refers to the latest price at which a contract is trading at real-time and is reflected on the order book. Traders will have their orders executed based on the last price as shown on the order book.
Index Price
Index Price is the sum of prices pulled from multiple crypto spot exchanges, then calculated based on weighted average. It is used to derive funding fees.
Oracle Price
Oracle Price is pulled from external and independent data aggregators and used to calculate your margin and liquidation price. The estimated liquidation price is influenced by your leverage and margin. If the Oracle Price reaches the liquidation price, your position will go through forced liquidation.
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