Trade BTC Futures on FTX US Derivatives

Trade BTC Futures

FTX US Derivatives mini futures enable you to enter into a contract to buy or sell the underlying asset (BTC) at an agreed-upon price at a future date - but the price is set when you enter into the contract. 

Why Trade Futures? Futures are useful for mitigating price risk by locking in a BTC price in the future, speculating on the direction of the underlying asset, and effectively placing a limit order to buy/sell in advance.

Long Futures Position: Post amount in USD (e.g. Long 100 contracts, post USD) 
Short Futures Position: Post BTC (e.g. Short 100 contracts, post 1 BTC)

The full contract specifications for FTX US Derivatives mini futures are available here.

Going Long? Buy Futures

Buy BTC Futures 
Buying BTC futures requires cash. If held to maturity, the long holder will receive physical delivery of BTC.

Note: FTX US Derivatives mini contracts are quoted in 1/100 BTC; i.e. 100 contracts have 1 BTC as the underlying.

Investors can trade out of their position or hold to maturity and, if long, take delivery of BTC. All orders are executed on our central limit order book, with full price transparency on market depth. Negotiated block trades are also printed on the central limit order book.

Historical daily trading data are posted on our website, including each day’s (as of 4pm EST) last bid/ask, 24-hour volume, open interest, and volume-weighted average price (VWAP). See historical data here.

1. Select Bitcoin >Navigate to the Futures tab
2. Select the contract you want to trade to load the order form
3. Enter the number of contracts you want to buy. You can buy BTC in increments of 0.01 BTC.
4. Review your buy order
5. Click preview and confirm to submit your order. If your trade executes, you will see it displayed in your positions. If exercised, the BTC will be available in your account at 5pm ET on expiration.

 

Sell BTC Futures 

Selling futures requires BTC. If held to maturity, the short holder will physically deliver BTC to the long contract holder. 

Investors can trade out of their position or hold to maturity. All orders are executed on our central limit order book, with full price transparency on market depth.  Negotiated block trades are also printed on the central limit order book. 

When selling a futures contract, your BTC will get position locked and remain there until expiration. The contract wouldn't settle until expiration so you would be able to close out at any time and receive your BTC back on your account. 

1. Select Bitcoin >Navigate to the Futures Tab
2. Click Sell to launch the order form
3. Enter the number of contracts you want to sell. You can sell BTC in increments of  1/100 or 0.01 BTC.
4. Review your sell order
5. Click confirm to submit your order. If your trade executes, you will see it displayed under your positions. The USD will be available in your account at 5pm ET on expiration.

How does Settlement work?

FTX US Derivatives futures contracts are physically settled and expire at 5pm ET on the expiration date. The final settlement price is the original trade price. Account balances are updated at settlement.

Futures contract buyers receive BTC and futures contracts sellers receive US dollars at Settlement.

Long futures position: Receives BTC
Short futures position: Receives US dollar

Futures Contract & Listing Details

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