LINK Futures & Perpetual Contracts Guide - Delta Exchange

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LINK Futures & Perpetual Contracts Guide

About Chainlink

Chainlink(LINK) is a blockchain-based middleware, acting as a bridge between cryptocurrency smart contracts, data feeds, APIs and traditional bank account payments. LINK token is an EIP20 token with additional ERC677 functionality. Chainlink currently resides on the Ethereum blockchain and supports connectivity to other Ethereum dApps.

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

LINK Contracts Listed on Delta Exchange

Contract
Type
Max Leverage
Price Currency
Margin Currency
Action

Contract Type Max Leverage Price Currency Margin Currency Action
LINKBTC Perpetual 20x BTC BTC See Market
LINKUSDC_OTC Perpetual 5x USDC USDC See Market

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

LINK Perpetual

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

Quotation Details

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

Margin and Leverage

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

Underlying Index

The underlying index for LINK Perpetual contracts is .DELINKXBT. It tracks the price of LINK/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%

LINK Perpetual

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

Quotation Details

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

Margin and Leverage

LINK Perpetual contracts are margined in USDC. This means you need to have USDC to trade these contracts. The maximum allowed leverage for LINK Perpetual contracts is 5x.

Underlying Index

The underlying index for LINK Perpetual contracts is .DELINKUSDC. It tracks the price of LINK/USDC 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 LINK

Why Should You Trade LINK Futures & Perpetual

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

LINK margin trading through derivatives addresses these shortcomings. The LINK futures and perpetual contracts enable you to go benefit from both up and down move in LINK. 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 LINK 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]