BTC-USDC perpetual
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The BTC-USDC perpetual on Bitnxs is a futures contract with no expiry that tracks the price of Bitcoin (BTC). It is margined and settled in USDC, supports up to 50x leverage, and uses hourly funding to keep its price close to spot. Trade it at bitnxs.com.
Contract specifications
Section titled “Contract specifications”| Spec | Value |
|---|---|
| Symbol | BTC-USDC |
| Contract type | Perpetual (no expiry) |
| Underlying | BTC |
| Margin & settlement asset | USDC |
| Max leverage | 50x |
| Funding interval | 1 hour |
| Maker / taker fee (base) | 0.02% / 0.05% |
| Liquidation fee (base) | 0.10% |
| Trading hours | 24/7 |
How does the BTC-USDC perpetual work?
Section titled “How does the BTC-USDC perpetual work?”You open a long if you expect BTC to rise and a short if you expect it to fall. Profit and loss are calculated in USDC from the difference between entry and exit price times position size. Because there is no expiry, the funding rate is exchanged between longs and shorts every hour.
How much leverage can I use on BTC?
Section titled “How much leverage can I use on BTC?”Up to 50x. At 50x, a 1% move against you is roughly 50% of your initial margin, so liquidation is close to entry. See Margin & leverage and Liquidation.
Is BTC-USDC settled in BTC? No. Margin, PnL and fees are all in USDC.
Which price triggers liquidation? The mark price, not the last traded price.