Close Custom Amount helps users manage market risk by reducing exposure and allows them to realize part of the profits while keeping the rest of the position open for potential further gains.
Tag: Flipster
Flipster is a cryptocurrency trading platform designed to make derivatives trading accessible and enjoyable for both new and seasoned traders. It offers perpetual futures listings, deep liquidity, and zero trading fees. Developed by Presto Labs, Asia’s largest quantitative trading firm, Flipster aims to provide a seamless and efficient trading experience.
Invite Link: https://flipster.io/signin?referral_code=SHIRAVERSE
Referral Code: SHIRAVERSE
Shiraverse Latest Questions
The closing price will be based on the Best Bid/Ask Price. Example: If the user is using Instant Flip for a Long position, the exit price will be the Best Bid Price.
No. The entry price of the position will remain the same.
Open interest decreases when a user closes a position.
Open Interest information can be found on the Contracts page.
Funding fees are periodic payments made between users holding long and short positions in a perpetual futures contract. These fees ensure the contract’s price closely tracks the underlying asset’s market price.
Funding fees are typically charged every 8 hours in perpetual swap contracts. However, the frequency can vary between contracts, so it is advisable to check the Contracts page for specific details.
Funding rates are calculated using the following formula: Interest Rate (I) = (Interest Quote Index – Interest Base Rate) / Funding Interval Interest Quote Index = The interest rate for borrowing the quote currency Interest Base Index = The interest rate ...Read more
Funding fees are calculated using this formula: Funding Fee = Notional Value of Positions * Funding Rate Notional Value of Positions = Quantity of Contract * Mark Price
Funding fees will be charged or received directly from the margin balance of your Flipster account.