How to deduct money from perpetual contracts

To deduct funds from a perpetual contract, select the contract, specify the amount to deduct, confirm the details, and track the progress in the order history section.

Oct 24, 2024 at 05:00 am

How to Deduct Money from Perpetual Contracts

Step 1: Select a Perpetual Contract

Choose the perpetual contract you want to deduct money from. For example, if you want to deduct money from a Bitcoin perpetual contract, navigate to the BTCUSDT Perpetual Trading page.

Step 2: Define the Deduction Amount

Enter the amount of funds you want to deduct in the "Deduct" field. This field represents the amount you want to transfer from your Margin Account to your Funding Account.

Step 3: Confirm Deduction

Review the deduction details and ensure they are correct. Click the "Deduct" button to confirm the deduction.

Step 4: Monitor Deduction Status

The deduction process may take a few minutes. You can track the progress in the "Order History" section of your trading platform.

Step 5: Use Deduct Funds

Once the deduction is complete, the funds will be available in your Funding Account. You can use these funds to increase your margin or cover potential losses.

Additional Tips:

Before deducting money, ensure you have sufficient funds available in your Margin Account.
The deduction amount cannot exceed your available margin balance.
Deducting money from perpetual contracts does not affect your open positions.
You can also add funds to your Funding Account by clicking the "Add" button in the Funding Account tab.
Monitor your account balance and market conditions regularly to manage your risk effectively.

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