Trading Rules
Last updated
Last updated
To ensure an efficient and fair trading market, NFEX reserves the right to impose trading rules, restrictions, and limitations at our sole and absolute discretion. These may include limits on orders, trades, positions, and prices, among others.
NFEX provides trading services for eligible users across all perpetual markets, 24 hours a day, seven days a week.
Open positions: When you initiate a new trade, whether it's long or short, it's referred to as opening a position.
Close Positions: On the other hand, when you exit your trade, it's known as closing a position.
You can find this order section on the NFEX trading page.
Like traditional futures contracts, NFEX perpetual contracts support two-sided trading, enabling both buyers and sellers to participate in the market. Traders can take either long or short positions on the floor price of a particular NFT collection, without owning it.
Long orders, also known as buy orders, refer to traders buying the perpetual contract of the underlying asset and waiting to sell it in anticipation of a price increase.
Short orders, also called sell orders, refer to traders selling first and buying back later. Short trades profit from a drop in the perpetual contract price.
There are several types of orders available for buying or selling NFT contracts on NFEX:
Market Order: A market order is an order to buy or sell an NFT contract at the best available current price. It is executed as quickly as possible without guaranteeing a specified price. When a trader selects a market order, they are placing a taker order and will be charged according to the taker fee rate.
Limit Order: A limit order is an order to buy or sell the contract at a specified limit price. It will not be executed if the current market price does not reach the limit price or better. Under the limit order mode, the order adds liquidity to the market and is placed on the order book with no assurance of execution.
NFEX offers leverage for all listed contracts, supporting up to 50X. Users can trade using cross-margin mode to ensure maximum capital efficiency.
Cross-margin mode allows traders to share the margin across all contracts. This margin policy shares assets among all positions, and the margin level is calculated based on the total asset value.
In the perpetual contracts market, a position refers to the amount of underlying contracts that have not yet been closed. At NFEX, we offer Hedge Mode for all contracts.
Hedge mode allows users to hold both long and short positions at the same time on the same trading pair. This helps users minimize losses and protect their positions.
At NFEX, we have implemented various limitations and protections to ensure a secure and efficient trading environment for all users. These limitations include position limits, order limits, and price limits, and are designed to minimize risks and enhance the trading experience on our platform.
For more information on the specific limitation details of each contract, please refer to Contract Specifications and Leverage&Margin pages.
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| Trade | Long | Short |
|---|---|---|
Open
Open Long( a buy )
Open Short (a sell )
Close
Close Long ( a buy )
Close Short ( a sell )