3. Perpetual Swaps

Perpetual swap contracts are cryptocurrency futures contracts without an expiry date. A perpetual swap derives its value from the underlying crypto asset. The perpetual swap contract enables traders to speculate on the underlying cryptocurrency price movements.

Learn more about perpetual swap contracts or check out the full list.

3.1 Funding Fee

The exchange of funding fee is designed to promote the convergence between the market price of a perpetual swap contract and the index price of the underlying asset.

If the funding fee is positive, traders holding long positions pay the funding fee to traders holding short positions.
Negative Funding Fee: If the funding fee is negative, traders holding short positions pay the funding fee to traders holding long positions.

Check out an in-depth explanation of how funding fees and rates are calculated.

3.2 Funding Period

Funding payment occurs every 8 hours at fixed timestamps for all perpetual swap contracts.

funding fee screenshot

Funding payment only applies to users holding positions at the funding timestamp. Traders who hold long and short positions of perpetual swaps will exchange funding fees with each other with no additional costs levied by the platform.

3.3 Contracts Category

Trade with up to 100x leverage on perpetual swap contracts. The maximum leverage, initial and maintenance margin rates depend on the contracts category.

Category	Symbol
1st	BTCUSDT, ETHUSDT
2nd	1000PEPEUSDT, 1000SHIBUSDT, ADAUSDT, ARBUSDT, AVAXUSDT, BNBUSDT, DOGEUSDT, ETCUSDT, FILUSDT, LINKUSDT, LTCUSDT, SOLUSDT, XRPUSDT
3rd	1000FLOKIUSDT, APTUSDT, ATOMUSDT, BCHUSDT, DOTUSDT, NEARUSDT, NOTUSDT, OPUSDT, ORDIUSDT, SUIUSDT, TONUSDT, TRXUSDT, WIFUSDT, WLDUSDT
4th	10000SATSUSDT, 1000BONKUSDT, AAVEUSDT, ALGOUSDT, APEUSDT, AXSUSDT, BLURUSDT, BOMEUSDT, CFXUSDT, CHZUSDT, DYDXUSDT, ENAUSDT, EOSUSDT, FTMUSDT, GALAUSDT, GMTUSDT, GRTUSDT, ICPUSDT, INJUSDT, IOUSDT, JASMYUSDT, JTOUSDT, JUPUSDT, LDOUSDT, MEMEUSDT, MKRUSDT, ONDOUSDT, PEOPLEUSDT, PYTHUSDT, RUNEUSDT, SANDUSDT, SEIUSDT, STRKUSDT, STXUSDT, TIAUSDT, TRBUSDT, UNIUSDT, XLMUSDT, ZKUSDT, ZROUSDT
5th	1000LUNCUSDT, 1INCHUSDT, ACEUSDT, AEVOUSDT, ALTUSDT, ARKMUSDT, ARUSDT, AVAILUSDT, BAKEUSDT, BIGTIMEUSDT, BLASTUSDT, CAKEUSDT, COMPUSDT, COREUSDT, CRVUSDT, DOGSUSDT, EGLDUSDT, ENJUSDT, ENSUSDT, ETHFIUSDT, HIGHUSDT, IDUSDT, IMXUSDT, KASUSDT, L3USDT, LISTAUSDT, LUNA2USDT, MANAUSDT, MANTAUSDT, MASKUSDT, MAXUSDT, MEWUSDT, MOCAUSDT, NEOUSDT, OMUSDT, ORDERUSDT, PENDLEUSDT, POLYXUSDT, POPCATUSDT, QTUMUSDT, STGUSDT, TAOUSDT, THETAUSDT, TWTUSDT, VETUSDT, WUSDT, YGGUSDT, ZRXUSDT
6th	1000RATSUSDT, 1000XECUSDT, ACHUSDT, AGLDUSDT, AIUSDT, ANKRUSDT, API3USDT, ARKUSDT, ARPAUSDT, ASTRUSDT, ATHUSDT, AXLUSDT, BADGERUSDT, BALUSDT, BANANAUSDT, BANDUSDT, BBUSDT, BEAMUSDT, BICOUSDT, BNTUSDT, BRETTUSDT, BSVUSDT, BSWUSDT, C98USDT, CELOUSDT, CHESSUSDT, CKBUSDT, CYBERUSDT, DYMUSDT, EDUUSDT, FLOWUSDT, FLUXUSDT, FOXYUSDT, FXSUSDT, GASUSDT, GLMUSDT, GMXUSDT, GUSDT, HIFIUSDT, HOOKUSDT, ICXUSDT, KAVAUSDT, KNCUSDT, LINAUSDT, MBOXUSDT, MERLUSDT, METISUSDT, MNTUSDT, MOVRUSDT, MTLUSDT, MYROUSDT, NFPUSDT, NULSUSDT, OMNIUSDT, ONEUSDT, ONGUSDT, ONTUSDT, PIXELUSDT, PORTALUSDT, QUICKUSDT, RAREUSDT, RENDERUSDT, RONUSDT, RPLUSDT, RVNUSDT, SAGAUSDT, SLFUSDT, SNXUSDT, SPELLUSDT, SSVUSDT, STEEMUSDT, STORJUSDT, SUNUSDT, SUSHIUSDT, SXPUSDT, SYNUSDT, SYSUSDT, TNSRUSDT, TOKENUSDT, TRUUSDT, TURBOUSDT, USTCUSDT, VIDTUSDT, VOXELUSDT, WOOUSDT, XAIUSDT, XTZUSDT, ZETAUSDT, ZILUSDT
7th	BATUSDT, BONDUSDT, COMBOUSDT, CROUSDT, CTSIUSDT, CVCUSDT, DODOUSDT, ETHWUSDT, FTTUSDT, GPTUSDT, GTCUSDT, HFTUSDT, ILVUSDT, IOTXUSDT, JOEUSDT, JSTUSDT, KEYUSDT, LOOMUSDT, LQTYUSDT, LRCUSDT, LSKUSDT, MAGICUSDT, MAVIAUSDT, MAVUSDT, NTRNUSDT, OASUSDT, OGNUSDT, ORBSUSDT, OXTUSDT, PERPUSDT, PIXFIUSDT, POWRUSDT, QIUSDT, RDNTUSDT, REZUSDT, RIFUSDT, SCAUSDT, STMXUSDT, SUPERUSDT, TAIKOUSDT, TUSDT, ULTIUSDT, VANRYUSDT, WAXPUSDT, XVGUSDT, XVSUSDT, ZENUSDT

Category	Max Leverage	Initial Margin Rate	Maintenance Margin Rate
1st	100x	1%	0.5%
2nd	50x	2%	0.6%
3rd	25x	4%	1%
4th	25x	4%	1%
5th	20x	5%	2%
6th	20x	5%	2%
7th	10x	10%	2%

Please note that details of the contracts category may be adjusted based on market conditions.

3.4 Use of TradingView technology

Flipster leverages TradingView technology for showcasing price charts. TradingView, a sophisticated platform designed for traders and investors, is supported with technologies that can be accessed via web browsers, desktop software, and mobile applications. It provides users with real-time data, including the BTC USD chart, the latest financial news, in-depth financial reports, a Stock screener and an Economic calendar.