BNB Futures & Perpetual Contracts Guide - Delta Exchange

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BNB Futures & Perpetual Contracts Guide

About Binance Coin
Binance Coin (BNB) is an exchange token issued by prominent cryptocurrency exchange Binance. BNB runs natively on Binance chain. BNB has several uses: (a) gets traders discounts in trading fees, (b) it serves at the underlying gas for Binance chain, (c) it forms the key base asset for Binance DEX, (c) is needed to participate in IEO (Initial Exchange Offerings) that are conducted on Binance.

The initial supply of BNB was set at 200 million. Every quarter Binance uses 20% of its profits to buyback and burn BNB. This will continue until 50% of the tokens have been destroyed.

You can margin trade Binance Coin on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short BNB with leverage.

BNB Contracts Listed on Delta Exchange

Contract
Type
Max Leverage
Price Currency
Margin Currency
Action

Contract Type Max Leverage Price Currency Margin Currency Action
BNBUSDQ Quanto Perpetual 20x USD BTC See Market
BNBBTC Perpetual 20x BTC BTC See Market

Complete details of the futures and perpetual contracts on BNB that are listed on Delta Exchange are available below.

BNB Quanto Perpetual

BNB futures are derivative contracts defined on BNB spot markets and have a have a fixed maturity date. The price of futures contract converges to the underlying spot market at the time of expiry. You can learn more about futures here.

Quotation Details

BNB Quanto Perpetual contracts are quoted in USD. All margin, Profit/ loss and settlement calculations are denominated in BTC.

Margin and Leverage

BNB Quanto Perpetual are margined in BTC. This means traders need to have BTC to trade these contracts. The maximum allowed leverage for BNB Quanto Perpetual contracts is 20x.

Underlying Index

The underlying index for BNB Quanto Perpetual contracts is  .DEBNBUSD.

Funding

Funding is a series of continuous payments that are exchanged between longs and shorts in a perpetual contract to keep the price of the contract tethered to the underlying index.

At any given time, funding rate is equal to the difference of the mark price and the underlying index price. Funding is considered to be an 8-hourly interest rate and is computed and exchange every minute. When funding rate is positive, longs pay shorts. When funding rate is negative, shorts pay longs.

Settlement

This contract is perpetual and does not settle.

Fees

  • Taker fees = 0.25%
  • Maker fees = -0.05%

BNB Perpetual

Perpetual contracts on BNB are intended to provide returns of the underlying spot market in BNB with the added advantage of leverage. Perpetual contracts do not have an expiry date. You can learn more about perpetual contracts here.

Quotation Details

BNB Perpetual contracts are quoted in BTC.  All margin, Profit/ loss and settlement calculations are denominated in BTC.

Margin and Leverage

BNB Perpetual contracts are margined in BTC. This means you need to have BTC to trade these contracts. The maximum allowed leverage for BNB Perpetual contracts is 20x.

Underlying Index

The underlying index for BNB Perpetual contracts is  .DEBNBXBT. It is comprised of BNB/BTC price from binance.

Funding

Funding is a series of continuous payments that are exchanged between longs and shorts in a perpetual contract to keep the price of the contract tethered to the underlying index.

At any given time, funding rate is equal to the difference of the mark price and the underlying index price. Funding is considered to be an 8-hourly interest rate and is computed and exchange every minute. When funding rate is positive, longs pay shorts. When funding rate is negative, shorts pay longs.

Settlement

This contract is perpetual and does not settle.

Fees

  • Taker fees = 0.25%
  • Maker fees = -0.05%


Trading BNB

Why Should You Trade BNB Futures & Perpetual

You can directly buy or sell Binance Coin. This is called spot trading of Binance Coin. If you buy low and sell high, you will make profit. However, this trade only works when Binance Coin price goes up. Further, leverage trading is not possible in spot trading.

Binance Coin margin trading through derivatives addresses these shortcomings. The BNB futures and perpetual contracts enable you to go benefit from both up and down move in Binance Coin. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.

How to Start Trading on Delta Exchange

Starting trading on Delta Exchange is a breeze. Here’s how you can make your first BNB trade on Delta Exchange:

  • Register: This takes < 1min and requires on a verified email address. No other KYC is needed.
  • Fund your Delta Exchange Wallet: Only bitcoins are accepted in the Delta Exchange Wallet. A unique BTC deposit address will be generated for you when you register.
  • Convert BTC to USDC: All futures and perpetual contracts on Delta Exchange are margined and settled either in BTC or USDC. For USDC settled contracts, use the currency convertor to change BTC to USDC.
  • Make your first trade: Now you are all set to trade on Delta Exchange!

FAQs

  • Does Delta Exchange support margin trading?

    Delta exchanges offers trading in cryptocurrency futures. These futures offer: (a) up to 100x leverage and (b) ability to go both long or short. Crypto futures not only have the same features as margin trading, but also higher liquidity and lower trading fees.

  • Which cryptocurrencies can I trade on Delta Exchange?

    Delta Exchange is a derivatives exchange. You can trade futures on cryptocurrencies, but not cryptocurrencies directly. The complete list of futures listed on delta is available here.

  • How can I contact Delta Exchange?

    For any query, feedback, suggestion or business proposals, please write to us at: [email protected]