Exchange
Blockchain and crypto asset exchange
Academy
Blockchain and crypto education
Broker
Trading terminal solutions
Charity
Charity
Cloud
Enterprise exchange solutions
DEX
Fast and secure decentralized digital asset exchange
Labs
Incubator for top blockchain projects
Launchpad
Token Launch Platform
Research
Institutional-grade analysis and reports
Trust Wallet
Binance's official crypto wallet
Buy Crypto
Markets
Scan to Download App IOS & Android
Download
English
USD
Support Center
FAQ
Crypto Derivatives
Futures Contracts
Futures Guide
How to start a battle
Binance
2020-10-19 15:06
Futures Battle Tutorial Video
I. Important to note before start:
  • The battle is currently available on BTCUSD perpetual contract, Coin-Margined Futures. Please make sure you have a futures account before participating in the battle;
  • Leverage and positions will be automatically set to 20x Isolated Margin during the battle;
  • Check if you have any position or open order on BTCUSD perpetual, please remove them to start the battle;
  • Please ensure that there is enough BTC balance in your futures coin wallet so that you have sufficient margin to support the number of orders placed in the battle;
  • You are not allowed to make any changes to the BTCUSD order placed during the battle in any other way, including change in leverage, quantity, reduce/close/open position, change in margin-mode etc. Users should self-assess any possible losses that arise from the abnormal battle result caused by those actions. Trading on symbols is not affected.
  • The same trading fee shall apply as the BTCUSD perpetual contract. Please refer to the Taker rate on the Coin-Margined Futures Trading Fee Rate
II. How to start a battle?
The battle will be launched on the Web and H5 page. Visit the Battle page to get started.
1. Battle entrance:
  • Web
Open Futures Trading interface, go to ‘Activities’, then click into ‘Battle’.
2. Choose the desired contract size 1/5/10/50 Contracts. If you expect prices to rise within the next 5 minutes, select “Long” to express your view. Conversely, if you expect prices to fall, select “Short”. The battle will start when an opponent is matched.
3. Waiting for a battle match-up.
4. Battle in progress: the latest price of BTCUSD perpetual contract is displayed in real-time along the bar, You may choose to end the battle manually after a 30-seconds countdown when the ‘End Battle’ button appears, or wait for the position to be auto-closed when TP/SL level is reached. Otherwise, the system will force-close the position at the end of the battle.
5. Your Battle results
III. Battle Rules
i.Winning conditions:
  • Long: closing - opening price > 0
  • Short: opening price - closing > 0
ii. First, choose the desired contract size of 1, 5, 10, or 50 contracts. Next, predict how the price will move in 5 minutes and select long or short to start the battle, the system will then auto-assign a player for your battle. In each battle, you are able to collect points regardless of whether you win or lose, please refer to Points Rules* for more detail.
  • Countdown 05:00-04:30min: User cannot close the position manually unless Take profit or Stop loss is triggered and the system automatically closes the order to exit the battle.
  • Countdown 04:29-00:00min: When the ‘End Battle’ button pops up, the user can choose to close the position manually or wait for the system to force-close the position at the time out to exit the battle.
iii. Every battle trade will be sent as market order type with Take profit/Stop loss, at the same time the isolated-margin mode is enabled.
The Take profit/Stop loss price is defined as a percentage of the opening price, condition as below:
Take long as an example, same logic for short:
  • Stop loss level: opening price - opening price * 0.13%
Exit the battle when: latest price <= Lose & exit price
  • Take profit level: opening price + opening price * 0.17%
Win & Exit the battle when: latest price >= Take profit level
*Points Rule (The points redeem scheme will be announced soon)
IV. Other functions
1. Winning Streak & Battle Point Leaderboards are automatically updated every 5 minutes.
2. Battle history
3. Share your battle result with your friends
Related Articles
How to Open a Futures Account