Additional materials

The Moonbot terminal now supports trading BTCUSD Quarterly Futures contracts on Binance Futures. Detailed information about these contracts can be found on the Binance website in the article: 🔗 BTCUSD Quarterly Futures Contracts Launched on Binance Futures.

Quarterly futures are implemented in the Moonbot terminal as a separate exchange — Binance Quarterly. It is recommended to create a separate copy of the terminal in a new folder for trading.

To connect to Binance Quarterly, follow these steps:

1. Open Settings → Login and select Binance Quarterly;

2. Click Apply;

3. Use existing API keys with futures trading permissions or create new ones;

4. If you want to use new API keys:

1. Click Register other keys;

2. Enter API Key and API Secret in the corresponding fields;

3. Click Register API keys and wait for the connection to the exchange.

Key points of trading BTCUSD Quarterly contracts

• The base currency is BTC, not USDT; the traded pair is BTC-USD; the minimum lot size is 100 USD;
  Orders are calculated in lots; when opening a long position, you effectively buy BTC for BTC; even with 1x leverage, the position has a liquidation price; when opening such a long, the exchange locks collateral in BTC at the current rate, so a 1x long is not equivalent to simply holding BTC; this is a key feature, followed by technical details;

• Based on the above, all volume calculations change: volumes in the order book and trade volumes are displayed in lots, while the terminal converts them into USDT. Order volumes are shown in lots, as on the exchange; the balance is shown in BTC, and the order size is also set in BTC.

This is not a terminal error, but a consequence of balance calculations in BTC.

The lower the contract price, the more BTC is required as collateral to place an order. Accordingly, when the price decreases, the maximum possible position size that can be opened with the available balance also decreases.