Cryptocurrency Futures Exchanges: TOP 15 Cryptocurrency Futures Exchanges with Perpetual Derivative Contracts

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Cryptocurrency futures exchanges are online platforms that allow you to buy or sell derivatives (derivative contracts, the value of which depends on the spot value of assets). They are often used by traders as a way to hedge other investments or to take profits when trading in highly volatile markets.

List of the top nine cryptocurrency exchanges with futures:

  1. Binance.
  2. Currency.com.
  3. Bybit.
  4. Bitmex.
  5. Stormgain.
  6. FTX.
  7. Deribit.
  8. PrimeXBT.
  9. Huobi.
  10. Bitforex.

The editors of the Btcnewsweb.com website have compiled a list of the best crypto exchanges for trading cryptocurrency futures contracts as of 2022.

Best crypto exchanges with futures

A futures contract is also called a forward contract; under its terms, goods or financial products are traded at a predetermined price on a specified date in the future. Due to their characteristics, futures are ideal for speculative cryptocurrency trading. With the use of leverage, it is possible to generate significant profits – but also losses.

After the expiration of the contract, the calculation is based on the current price difference, as a result of which the trader either gains or loses funds. One of the features of using futures is that even institutional investors who are prohibited from doing so for regulatory reasons can trade digital currencies with their help.

Let’s consider the most popular, convenient, profitable crypto-exchanges with the possibility of futures trading.

1. Binance Exchange

Binance recently became a futures exchange with a separate platform, Binance Futures. At the moment, you can trade one type of contracts there and use leverage up to 125x.

Binance Exchange

✅ Contract types: indefinite

✅ Symbols: BTCUSDT

✅ Initial margin 0.8%

✅ Maintenance margin 0.4%

✅ Funding rate 0.01%

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 125x

The approximate daily trading volume is $ 600,000,000.

Go to Binance

2. Bybit Exchange

Bybit exchange specializes in perpetual contracts based on Bitcoin, Ethereum, EOS, Ripple. For registration and deposit, you can get cryptocurrency bonuses and use them in trading. Trading with leverage up to 100: 1 is available

Bybit Exchange

✅ Contract types: indefinite

✅ Designations: BTCUSDT, ETHUSDT, EOSUSDT, XRPUSDT

✅ The initial margin is calculated by multiplying the order amount by the initial rate, which depends on the set leverage

✅ Maintenance margin 0.5%

✅ Funding rate 0.0148% for 3 hours

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 100x

The approximate daily trading volume is $ 300,000,000.

Go to Bybit

3. Bitmex Exchange

The Bitmex crypto futures exchange allows you to trade Bitcoin and Ethereum contracts with leverage up to 100x.

Bitmex Exchange

✅ Types of contracts: perpetual, with an expiration date of 4 months (quarterly futures).

✅ Legend: perpetual XBTUSD, futures XBTZ19, XBTH20, etc.

✅ Initial margin 1%

✅ Maintenance margin 0.5%

✅ Funding rate 0.01%

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 100x for unlimited, up to 50x for urgent.

The approximate daily trading volume is $ 1,600,000,000.

4. FTX Exchange

On the FTX crypto exchange, you can trade several types of derivatives – futures, perpetual contracts – and a large number of coins and tokens. BTC, BNB, XRP, EOS, LEO, TRX and dozens of other assets are represented within this platform.

FTX Exchange

✅ Contract types: perpetual, futures (quarterly, next quarter)

✅ Designations: BTC-PERP, BTC-1227, BTC-0327, etc.

✅ The initial margin is calculated using the formula min (1 / initial margin fraction, account leverage)

✅ Funding rate is calculated using the formula size * (TWAP of future – TWAP of index) / 24

✅ Funding interval: every 1 hour

✅ Leverage: up to 100x

The approximate daily trading volume is $ 107,000,000.

5. Bitforex exchange

Bitforex is a crypto exchange with perpetual futures contacts. It features a low level of commissions for the maker and taker.

Bitforex Exchange

✅ Contract types: indefinite

✅ Symbols: BTC / USD

✅ Initial margin is calculated using the formula IMR * Value + Open Taker Fee + Close Taker Fee

✅ Maintenance margin 0.5% * Value + Close Taker Fee

✅ Funding rate 0.07%

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 100x

The approximate daily trading volume is $ 140,000,000.

6. PrimeXBT Exchange

Cryptocurrency exchange PrimeXBT gives you the opportunity to make money on the rise and fall of prices of more than 30 cryptocurrencies. Offers a wide range of functionality for trading cryptocurrencies, Forex, commodities and indices from the same account.

PrimeXBT Exchange

✅ Contract types: indefinite

✅ Designations: BTC / USD, ETH / USD, ETH / BTC, etc.

✅ Initial margin 1%

✅ Leverage: up to 100x

The approximate daily trading volume is $ 140,000,000.

7. Deribit exchange

The Deribit exchange, as the name suggests, is focused specifically on trading cryptocurrency derivatives. Supports Bitcoin and Ethereum futures with up to 100x leverage, as well as options with up to 10x leverage. Pays a lot of attention to risk management.

Deribit Exchange

✅ Contract types: perpetual, futures, options

✅ Designations: for perpetual BTC-PERPETUAL, for urgent BTC-27DEC19, etc. depending on the expiration date

✅ Initial margin 1%

✅ Maintenance margin 0.5%

✅ Funding rate is calculated individually based on the difference between the marker price of the perpetual contract and the Deribit BTC index

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 100x

The approximate daily trading volume is $ 130,000,000.

8. Huobi Exchange

On the Huobi DM futures exchange, BTC, ETH, LTC, EOS, BCH, XRP, TRX contracts are available for a week, two weeks, a quarter. Weekly contracts are always completed on the coming Friday; fortnightly next Friday; quarterly on the last Friday of March, June, September and December.

Huobi Exchange

✅ Contract types: futures

✅ Designations: BTC_CQ, ETH_NW, etc. depending on currency and expiration date

✅ Initial position margin depends on price changes

✅ Maintenance margin 0.5%

✅ The financing rate is calculated individually based on the spread indicators

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 20x

The approximate daily trading volume is $ 800,000,000.

9. Okex Exchange

Crypto exchange Okex provides functionality for trading futures and perpetual contracts. It is among the leaders in this area (second in terms of trading volume, as of November 2019).

✅ Contract types: perpetual, futures (weekly, bi-weekly, quarterly)

✅ Legend: BTC-USD-SWAP, ETH-USD-SWAP, etc.

✅ Initial margin is calculated by the formula Face Value x Number of Swaps / (Average Position Price x Leverage)

✅ Maintenance margin is calculated using the formula (Fixed Margin + UPL) / Position Value

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 100x for perpetual, up to 20x for futures with an expiration date

The approximate daily trading volume is $ 270,000,000.

10. Xena Exchange

Xena Exchange allows you to trade perpetual contracts with leverage up to 1:20 and provides protection against price manipulation – positions are closed only after the price change is confirmed.

✅ Contract types: indefinite

✅ Legend: XBTUSD, ETHUSD, XGRAM

✅ The initial margin changes depending on the lot size; minimum level 5%, maximum 100%

✅ The maintenance margin changes depending on the lot size; minimum level 1.25%, maximum 25%

✅ Funding interval: every 1 hour

✅ Leverage: up to 20x

The declared daily trading volume is $ 1,800,000.

11. Kraken Exchange

The Kraken cryptocurrency exchange allows you to trade futures on Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash against the dollar, and Bitcoin against Ripple.

✅ Types of contracts: perpetual, futures (month, quarter)

✅ Designations: FI_XBTUSD, FI_ETHUSD, FI_LTCUSD, etc.

✅ Initial margin is calculated using the formula Avg Price x Open Volume

✅ Funding rate calculated as time-weighted average premium and standardized by hour

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 50x

✅ The approximate daily trading volume is $ 31,000,000.

12. Gate.io exchange

The Gate.io trading platform allows you to operate on perpetual contracts and use a small leverage of up to 1: 3.

✅ Contract types: indefinite

✅ Designations: BTC_USD, ETH_USD, BCH_USD, etc. more than 20 pairs

✅ Maintenance margin 0.5%

✅ Funding rate 0.063% for BTC_USD

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 3x

The approximate daily trading volume is $ 31,000,000.

13. BTSE exchange

BTSE’s multi-currency trading platform is licensed by the United Arab Emirates and allows leveraged spot or futures trading.

✅ Types of contracts: perpetual, quarter, month.

✅ Legend: BTC-USD, USDT-USD, ETH-USD, LTC-USD, XMR-USD, BBCX-USD

✅ Initial margin 1%

✅ Maintenance margin 0.5%

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 100x.

The approximate daily trading volume is $ 56,000,000.

14. Kumex Exchange

The Kumex trading platform is a subsidiary project of the Kucoin exchange, aimed specifically at trading in derivatives.

✅ Types of contracts: perpetual, quarter, month.

✅ Designations: XBTUSDM, XBTMZ19, XBTMH20

✅ Initial margin 1%

✅ Maintenance margin 0.5%

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 20x.

The approximate daily trading volume is $ 12,000,000.

15. BaseFex Exchange

BaseFEX is a secure platform for speculating perpetual contracts for Bitcoin, Ethereum and other cryptocurrencies against USD and USDT.

✅ Contract types: indefinite

✅ Designations: BTCUSDT, BTCUSD

✅ Initial margin 1%

✅ Maintenance margin 0.5%

✅ Funding Interval: Every 8 Hours

✅ Leverage: up to 100x.

The approximate daily trading volume is $ 60,000,000.

Criteria for choosing a cryptocurrency futures exchange

Any good exchange for trading cryptocurrency futures must meet at least a few criteria:

  1. Have a good reputation – long term of work, positive reviews.
  2. Provide a high level of liquidity, support all popular trading pairs and offer a variety of contract choices.
  3. Maintain the maximum possible number of methods for depositing and withdrawing funds.
  4. Store users’ money in cold wallets so as not to endanger them from hacker attacks.
  5. Adhering to maximum transparency is good if the developers actively communicate with users, answer questions and regularly post news about the development of the project.

Of course, the conditions of the selected exchange should also suit you – commissions, limits for both trading and deposit / withdrawal of funds.

Advantages and Disadvantages of Futures Trading on Crypto Exchanges

Pros:

✅ Futures trading is one of the most effective ways to hedge risks in the face of increased volatility in the cryptocurrency market. Price changes of at least five percent a day are not even an exception, but a rule.

✅ The ability to take a long or short position, thus making a profit in different ways, depending on the specific situation.

✅ Efficiency in speculation on the crypto market. In anticipation of the rise in coin prices, investors buy futures at an agreed price. As prices rise, contracts become more valuable and can be sold at higher prices to other traders as they expire or even earlier. And in anticipation of a fall in prices, speculators sell futures at a certain price. As prices fall, contracts become more valuable and are bought by other investors at lower prices. As a result, both sides are in the black.

Cons and risks: 

❌ The losses can be greater than the investment, especially if the method of trading with margin lending is used.

❌ Futures make the market even more volatile. To minimize risks, you need to work out an ideal strategy and stick to it.

There are other risks that are associated with political events, unexpected currency surges or the unprofessionalism of cryptocurrency exchanges.

Recommended: the best exchanges with margin trading.

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