Matic Network is a Layer 2 scaling solution. Matic enables existing platforms to scale and provide significantly better user experience in DApps. Matic achieves this by using sidechains for off-chain computation. Simultaneously, it ensures asset security using the Plasma framework and Proof-of-Stake (PoS) validators. The advantage of the approach followed by Matic is that with scalability and usability challenges are solved without sacrificing decentralization.
You can margin trade MATIC on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short MATIC with leverage.
|Contract||Type||Max Leverage||Price Currency||Margin Currency||Action|
Complete details of the futures and perpetual contracts on MATIC that are listed on Delta Exchange are available below.
Perpetual contracts on MATIC are intended to provide returns of the underlying spot market in MATIC with the added advantage of leverage. Perpetual contracts do not have an expiry date. You can learn more about perpetual contracts here.
MATIC Perpetual contracts are quoted in BTC. All margin, Profit/ loss and settlement calculations are denominated in BTC.
MATIC Perpetual contracts are margined in BTC. This means you need to have BTC to trade these contracts. The maximum allowed leverage for MATIC Perpetual contracts is 20x.
The underlying index for MATIC Perpetual contracts is .DEMATICXBT. It tracks the price of MATIC/BTC price from binance.
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.
This contract is perpetual and does not settle.
You can directly buy or sell MATIC. This is called spot trading of MATIC. If you buy low and sell high, you will make profit. However, this trade only works when MATIC price goes up. Further, leverage trading is not possible in spot trading.
MATIC margin trading through derivatives addresses these shortcomings. The MATIC futures and perpetual contracts enable you to go benefit from both up and down move in MATIC. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.
Starting trading on Delta Exchange is a breeze. Here’s how you can make your first MATIC trade on Delta Exchange:
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.
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.
For any query, feedback, suggestion or business proposals, please write to us at: [email protected]