Best Bitcoin BTC Perpetual Contract and Highest Leverage Trading Site

Best Bitcoin BTC Perpetual Contract and Highest Leverage Trading Site

We list the best Bitcoin BTC perpetual contract and highest leverage. We compare and review the top Bitcoin and altcoin trading sites.

We will find out where is the best place to trade crypto perpetual futures contracts in terms of 

  • The number of perpetuals markets listed
  • Trading Fees and funding fees
  • Perpetual Leverage

No Financial Advice, Information only. Do your own research. 

Cryptocurrencies are high-risk investments.

We earn an affiliate commission for marketing these sites

List: Best Bitcoin BTC Perpetual Contract Trading Sites

Here we list the best Bitcoin BTC perpetual contract trading sites

  • Kucoin: Best Bitcoin BTC perpetual trading with high leverage and low trading fees
  • Bybit: Low trading fees and many listed perpetual together with a high trading volume
  • Gate.io: Most listed crypto perpetual contracts among all crypto trading exchanges
  • Binance: The number one Bitcoin BTC perpetual trading site in terms of trading volumes and the highest Bitcoin BTC available leverage 125x.

Kucoin Bitcoin BTC Perpetual Trading

Kucoin is ranked as the 10th crypto exchange regarding the number of listed perpetual crypto trading pairs.

Kucoin Perpetual Trading Fees

There are two different Kucoin perpetual trading fees

  • Trading fees for opening and closing a perpetual contract
  • Funding rate to maintain your position

Read more about the definitions of the crypto perpetual trading fees further down in the article.

In the screenshot below, you can see where to find the current funding rate and when the next funding rate payment is due.

To get to the screen, click “Derivatives” and “Futures Classic” in the top menu.

Kucoin perpetual maker fee starts at 0.02% and the taker fee starts at 0.06%.

You can pay lower Kucoin perpetual fees by

  1. Trade larger volumes
  2. Hold the Kucoin token
  3. Use our referral link

Read more about Kucoin trading fees.

Kucoin bitcoin BTC perpetual funding rate and funding settlement

Kucoin Perpetual Trading Pros and Cons

Pros

  • Low trading fees
  • Good reputation and trading platform interface
  • Excellent welcome bonus and other offers
  • 100x leverage available for Bitcoin BTC and Ethereum ETH perpetuals

Cons

  • Not as many listed perpetual contracts as other crypto exchanges
  • Not as good trading volume as some other crypto exchanges

M=Maker, T=Taker

Bybit Bitcoin BTC Perpetual Trading

Bybit is a great place to trade Bitcoin BTC and other crypto perpetual contracts with a leverage up to 20x.

Here, you get the exchange with the 3rd most trading volume for crypto derivative markets and the 6th crypti trading site with regards to the number of listed perpetual contracts, 

Bybit Perpetual Trading Fees and Funding Fees

Bybit charges trading fees and funding fees for perpetual trading.

Bybit perpetual trading fees

  • USDC Perpetuals: The maker fee starts at 0.01% and the taker fee at 0.075%
  • USDT Perpetuals and Inverse Perpetuals: The maker fee starts at 0.01% and the taker fee at 0.06%
 
Bybit perpetual funding fees and rate
Bybit charges 0.01% in funding rate for the perpetual contracts. If you log in and navigate to “Derivatives” you can see the funding rate and the countdown to the next payment. See the screenshot below.
Bybit Bitcoin BTC perpetual funding rate

Bybit Perpetual Trading Pros and Cons

Pros

  • Low maker fee
  • Many listed perpetual contracts
  • USDT, USDC, and inverse perpetual contracts are available
  • High trading volume

Cons

  • Lowest leverage accessible 20x for Bitcoin BTC among the compared sites

M=Maker, T=Taker

Gate io Bitcoin BTC Perpetual Trading

Gate.io is the best crypto perpetual trading site in terms of listed markets to trade. However, even if they have the most listed markets, Gate.io only ranks as the 11th crypto trading site regarding derivatives trading volume.

Gate.io Perpetual Trading Fees

As for most exchanges, Gate.io charges trading fees and funding fees for perpetual contracts.

Gate.io Perpetual Trading Fees

The maker fee starts at 0.02% and the taker fee at 0.06%

See the full crypto trading fee schedule from Gate.io.

Gate.io perpetual funding fees and funding rate

To find out the Gate.io perpetual funding rate, go to

  1. Trade
  2. Futures
  3. USDT-M Futures
  4. Select your perpetual contract in the dropdown
Here, you find the funding rate which is marked with a red square in the screenshot from Gate.io in the image below.

Gate.io Perpetual Trading Pros and Cons

Pros

  • Most listed perpetual contracts of the compared exchanges
  • Pay up to 70% fewer fees with the Gate.io points

Cons

  • Only 12th place on Coingecko in derivative trading volume and almost most listed perpetual and futures markets combined. 

M=Maker, T=Taker

Binance Bitcoin BTC Perpetual Trading

Binance is the number one trading platform for most crypto trading instruments and products.

The only main drawback is that they are not transparent with what trading products they offer in what countries. So this is a trial and error game to determine if you are eligible for trading futures, perpetual, options, or any other derivative on Binance.

Binance Perpetual Trading Fees

Binance has among the lowest listed Bitcoin BTC perpetual trading fees.

Binance perpetual trading fees

  1. Increase trading volume or hold Binance Coin BNB on your account
  2. Pay the fees with BNB
  3. Use our referral code to get -20% on all fees
  4. Trade BUSD perpetual instead of USDT perpetuals
Binance perpetual funding fees and funding rate
Navigate to the perpetual contract you want to trade and you can see the current Binance funding rate and funding countdown.
Binance BTC USDT perpetual funding rate screenshot

Binance Perpetual Trading Pros and Cons

Pros

  • Most trading volume for crypto derivative markets among all crypto exchanges
  • Number 3rd crypto exchange in terms of the number of listed perpetual markets

Cons

  • Not transparent with who or what countries are eligible for trading perpetuals, futures, options, and other derivatives on Binance

M=Maker, T=Taker

What are crypto perpetuals contracts?

Crypto perpetuals are a form of a derivative agreement allowing investors to purchase or sell a digital asset for a specified amount at an unspecified point in the future.

 

Bitcoin BTC Perpetuals VS Futures

Bitcoin BTC perpetuals and Bitcoin BTC futures are contracts between two parties, and they obligate the parties to buy or sell an asset at a predetermined future price.

While there is no specific date for the perpetual contracts, futures contracts also have a predetermined date when they expire and are settled.

What is Bitcoin BTC Perpetual Initial Margin?

Crypto perpetual contracts offer the trader the possibility to trade on margin.

To trade on margin is the same as using leverage. However, the trader can put only part of the notional value (in USD equivalents) in the margin.

Initial margin is the minimum value you must pay to open a crypto perpetual leveraged position.

For example:

You can buy 1 Bitcoin BTC with an initial margin of 0.1 BTC (at 10x leverage). So your initial margin would be 10% of the total order. The initial margin backs your position and is also called collateral.

However, keeping the maintenance margin level is essential to avoid a margin call that could lead to a liquidation of the position.

What is Perpetual Maintenance Margin and Margin Call?

To keep trading positions open, the crypto perpetual maintenance margin is the minimum amount of collateral you must hold on your futures account.

If your margin balance drops below the maintenance margin level, you will either receive a margin call (asking you to add more funds to your future account) or be liquidated

What is a perpetual contract liquidation?

If the value of the perpetual contract falls below the maintenance margin, your contract will be liquidated, and the funds will be used to pay the margin lender.

Make sure you understand the liquidation process and level before you trade since these rules are different on different exchanges. 

How to avoid perpetual contract liquidation?

There are two ways to avoid liquidation if you get a margin call:

  1. You can close your positions before the liquidation price is reached
  2. You can add more funds to your collateral balance – causing the liquidation price to move further away from the current market price.

Crypto Perpetuals Contracts Fees

There are two different fees you have to pay for trading crypto perpetual contracts

  • Trading fees for opening and closing a perpetual contract
  • Funding fees to keep a perpetual contract open

Bitcoin BTC Perpetuals Trading Fees

In perpetual crypto contracts,  trading fees are paid for opening and closing a contract

The equation is calculated as follows:

  • The fee to Open a Perpetual Contract = (Contract Quantity x Entry Price) x Trading Fee Rate

  • The fee to Close a Perpetual Contract= (Contract Quantity x Exit Price) x Trading Fee Rate

Bitcoin BTC Perpetual Funding Fees

The perpetual funding fees keep the contract prices at par with the spot market prices.

If the Bitcoin spot market price is $30.000, the funding fees will try to keep the perpetual contracts close to $30.000 as well.

Generally, there is an oscillating price marker to determine whether long or short traders need to pay fees or receive rebates.

If the price of a perpetual contract is above the spot price of the underlying digital assets, the funding rate is positive.

In this case, traders holding long positions would pay a small fee to those shorting the digital assets.

In contrast, a perpetual contract trading below the spot price of its underlying asset has a negative funding rate. Here, those shorting perpetual swaps would pay traders holding long positions.

The funding fees are often around 0.01%.

For example, if the funding rate of a BTC/USD perpetual swap is +0.010%, a trader longing $30,000 worth of this particular perpetual swap would have to pay a fee of $3 – derived from multiplying $30,000 by 0.010%.

Note that funding fees are paid at fixed intervals. For example, on some exchanges, the funding period is set for every eight hours.

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