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BingXGuides
Crypto derivatives, explained in plain numbers.
Short guides to how perpetual futures and options work and what they cost: funding, liquidation, margin, leverage, fees and slippage. Each one opens with the answer and shows the arithmetic.
Perpetuals
What are perpetual futures?
Perpetual futures are crypto derivatives with no expiry date. How they track the spot price through funding, how margin and leverage work, and what they cost.
Read the guideFunding rate explained
The funding rate is a periodic payment between long and short traders on perpetual futures. How it is calculated, who pays, and how to work out what it costs.
Read the guideCrypto liquidation explained
Liquidation is the forced closing of a leveraged position when its margin runs out. How the liquidation price is set, what you lose, and how to keep distance from it.
Read the guideCross vs isolated margin
Isolated margin limits a position’s loss to the margin assigned to it. Cross margin shares your whole balance across positions. When each one makes sense.
Read the guideCrypto leverage explained
Leverage lets a small margin control a larger position. How it multiplies profit, loss and fees, and how to think about position size instead of the leverage number.
Read the guideCosts
Maker vs taker fees
A maker order adds liquidity to the order book and pays the lower fee; a taker order removes it and pays the higher one. Which orders count as which, with real rates.
Read the guideSlippage in crypto trading
Slippage is the gap between the price you expected and the price your order filled at. What causes it, how to estimate it from the order book, and how to reduce it.
Read the guide