BiyaPay provides U-margined contracts (USDT-settled linear contracts). Unlike traditional inverse contracts, U-margined contracts use USDT as the quotation and settlement unit. USDT, as a stablecoin pegged to the US dollar, makes trading profit calculations more intuitive. For example, earning 1000 USDT in profit means approximately equal to 1000 US dollars.

Features of U-margined Contracts

1. USDT Settlement: All trades are priced and settled in USDT, reducing conversion complexity.
2. Perpetual Contracts: No expiration date, can be held long-term, suitable for flexible trading strategies.
3. Clear Pricing Rules:

Each U-margined contract corresponds to one unit of the underlying asset (e.g., BTC/USDT, ETH/USDT).

Trading logic is similar to the spot market, making it easy for users to understand.

1. Funding Fee Mechanism:

U-margined perpetual contracts generate funding fees, which are transferred between traders.

Collection Time: Usually collected every 4 or 8 hours, may vary for different currencies, adjusted according to market conditions.

Minimum Order Notional Limit

Each order's minimum notional value must be ≥ 5 USDT. Orders below this threshold will be rejected.

Examples:

Opening 0.0001 BTC (notional value > 5 USDT) can be executed

Opening 0.00001 ETH (notional value < 5 USDT) order will be rejected

Note: BiyaPay contracts may adjust the minimum order threshold from time to time without prior notice. Please refer to the actual trading prompts.