What is a Contract?

A contract is a unit of trade that you buy and sell in futures trading.

You're not exchanging actual coins, but rather buying and selling a promise (contract) to trade coins at a specific price.

💡Example of a contract

In BTCUSDT futures trading, if we say "1 contract = 0.0001 BTC",

you are buying and selling a promise (contract) to trade for 0.001 BTC instead of actual BTC.

→ This is a way of trading that calculates profit or loss based on price changes, rather than holding or moving actual coins.

Units	The size of 1 contract differs by exchange and is also specific to each asset, such as BTC, ETH, XRP or etc.
Different from spot	You don’t own the coin itself; you speculate on its price via a contract.
Payment Method	Profits and losses are settled in USDT
Price-based	Profit or loss is calculated based on the difference between the entry and exit price.

◦ Allows you to make large trades with small assets

◦ Example: Trade 1,000 USDT with 100 USDT at 10 times leverage

• Two-way profit structure

◦ Profit opportunities in both bull and bear markets

• Flexible strategy configuration

◦ Can be used for scalping, hedging, trend following, etc.

💡Note on setting contract quantity

When placing a futures order, you can set the contract quantity in one of the following three ways:

Concept	Description	Example
By Cont	By manually entering how many contracts you want to order	100 Contracts
By Value	Enter the order value in USDT	500 USDT
By Qty	Enter order value in coins	0.01 BTC

It is a unit that defines how much value (quantity) an asset represents per 1 futures contract.

In other words, it is the value that determines how many BTC or how many ETH 1 contract actually represents.

💡Multiplier example

Asset	Multiplier Example	Meaning
BTCUSDT	0.0001	1 contract = 0.0001 BTC
ETHUSDT	0.01	1 contract = 0.01 ETH

What are multipliers used for?

Multipliers are used for margin calculations, position sizing, and profit-loss calculations.

💡Example of calculating required margin

• Multiplier = 0.0001 BTC

• Contract Quantity = 100 contracts

• Entry Price = $30,000

• Leverage = 10x

Required Margin = Multiplier x Contract Volume x Entry Price / Leverage

→ Required Margin = 0.0001 × 100 × 30,000 ÷ 10 = 30 USDT

Contract information including multipliers can be found on the Contract Details page.

1. Select [More] to go to the Contract Details page.

2. You can find Contract Details for each of trading pair

You can view contract information that includes multipliers on the Contract Details page.