Bitaigen Research To trade futures on Binance, you first need to complete account registration, activate a futures account, choose the contract type, set margin and leverage, transfer funds, place an order and configure take‑profit/stop‑loss parameters before you can start futures trading.
We have compiled a full‑process guide for investors who are new to the futures market, covering everything from registration to order placement on Binance. The guide places special emphasis on contract types, leverage settings, and key risk‑control points. With illustrated step‑by‑step instructions, you can get up to speed quickly, avoid common pitfalls, and later chapters will dive deeper into practical take‑profit and stop‑loss techniques—worth a careful read.
Note: U.S. residents must use Binance.US for futures trading; the global Binance platform is not available to them.
Binance Futures Trading: Beginner’s Step‑by‑Step Guide
- Register on Binance (https://accounts.binancezh.sh/) and enable the Futures Account.
- Choose the trading instrument. The two most common categories are USDT‑Margined Futures and Coin‑Margined Futures.
- Before opening a position, confirm the Order Type (e.g., limit, market) and make the appropriate selections in the red‑boxed area below.
- Set the Margin Mode and adjust the Leverage Ratio to match your risk tolerance.
- Transfer funds from your Spot account to your Futures account; these funds will be used for subsequent orders.
- To mitigate the impact of rapid market swings, it is advisable to pre‑set Take‑Profit and Stop‑Loss parameters.
- Monitor the Position P&L in real time to keep track of unrealized gains or losses.
- Based on the performance of your position, execute a Close or Adjust operation to complete a full trading cycle.
How Does Binance Calculate Unrealized P&L and Return Rate?
1. USDT‑Margined Futures
| Calculation | Formula |
|---|---|
| **Unrealized P&L (based on Mark Price)** | `Unrealized P&L = Position Size × Position Side × (Mark Price – Entry Price)` |
| **Return % (based on Mark Price)** | `Return % = Unrealized P&L (USDT) / Initial Margin = 1 / Leverage` |
| **Unrealized P&L (based on Last Price)** | `Unrealized P&L = Position Size × Position Side × (Last Price – Entry Price)` |
| **Return % (based on Last Price)** | `Return % = Unrealized P&L (USDT) / Initial Margin` |
- Position Side: Buy = 1, Sell = ‑1.
2. Coin‑Margined Futures
| Calculation | Formula | ||
|---|---|---|---|
| **Unrealized P&L (based on Mark Price)** | `Unrealized P&L = Position Size × Contract Multiplier × Position Side × (1/Entry Price – 1/Mark Price)` | ||
| **Return % (based on Mark Price)** | `Return % = Unrealized P&L × Mark Price / ( | Position Size | × Contract Multiplier × Initial Margin Rate)` |
| **Unrealized P&L (based on Last Price)** | `Unrealized P&L = Position Size × Contract Multiplier × Position Side × (1/Entry Price – 1/Last Price)` | ||
| **Return % (based on Last Price)** | `Return % = Unrealized P&L × Mark Price / ( | Position Size | × Contract Multiplier × Initial Margin Rate)` |
Definitions:
- Position Size – the quantity of contracts held, expressed in the underlying asset.
Additional Notes:
- When funding your Binance account, you can use USD via SEPA, SWIFT, or other international bank transfers.
- Profits generated from futures trading may be subject to tax in your local jurisdiction; please consult a tax professional to ensure compliance.
Related Reading
- Huobi Futures Guide: Setup, Leverage & Order Basics
- Best Hardware & Mobile Wallets for Binance Futures Trading
- Activate & Trade Huobi Perpetual Contracts: Guide
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