ZebPay Futures
Introducing ZebPay Futures, exclusively available for our KYC Verified Indian users on our Web and Android app for now. With ZebPay Futures, experience the thrill of leverage trading without the need to invest directly in any Crypto Coins.
ZebPay Futures exclusively offers Perpetual Contracts for cryptocurrencies paired with INR; these contracts have no expiration date, unlike other types of Futures contracts.
Feature Highlights
Up to 25x Leverage: Amplify your trading potential.
Instant Order Execution: Experience 0-time delay for swift transactions.
100+ Indicators: Enhance your trading accuracy with advanced tools.
Market and Limit Orders: Strategize and execute your trades for maximum impact.
Ultra-Secure Trading: Trade with confidence using our multi-stage security protocols.
Before we jump into the step by step guide, we would like you to read our article on ZebPay Futures[here] to understand the different terminologies and some commonly asked questions.
How to use this feature?
The first step for using the ZebPay Futures is to Register and complete your KYC. If you are already a KYC verified Indian user, just login to ZebPay Web.
Once you are logged in, click on the Futures option in the left panel of the Home Page. You will be redirected to the Futures page.
ZebPay web HomePage - Logged in Users
ZebPay Futures Page
Different Options and links in the Futures Page
Funding your Futures Wallet
The first step for starting with your trading is to fund your ZebPay Futures wallet with required Fiat balance. We have made it incredibly easy for you. You don't need to make separate deposits for Crypto Futures trading. You may transfer the Fiat balance available in your ZebPay Fiat wallet to Futures wallet with just a click.
Step 1: Click on Wallet or Futures Wallet Balance
Step 2: Click on Transfer funds option under the Future tab
Step 3: Enter the Amount and Select the From as Fiat and To as Futures and click on Transfer
Step 4: Wait for confirmation on Transfer, it will be successful instantly
You can review the history of your fund transfers between your Fiat and Futures wallets in the Transaction history section below Wallet selection.
To know more about how to deposit fiat into your ZebPay Fiat Wallet, please refer to our support article here.
Now you are all set to begin your futures trading journey with ZebPay Futures.
Trading in Futures
ZebPay Futures provides traders with the opportunity to engage in perpetual contracts, which do not come with an expiration date. Our user interface mirrors that of the ZebPay Exchange, ensuring a seamless experience for our users.
Please be aware that only one position can be open for the same pair on one side at a time. Placing an additional order in the same direction will be added to the existing position. However, if the order is placed in the opposite direction, the current open position for the pair will be automatically closed.
Step 1: Select the Futures Contract that you wish to Buy or Sell.
Step 2: Adjust the Leverage as per your choice by dragging the Leverage slider to the right/left
Step 3: Select the Type of Order ( Market / Limit)
Market Order
Market orders are executed at the Current Market price quickly. It is useful when you want to enter or exit positions quickly and are less concerned about obtaining a specific price. However, it's important to note that in fast-moving markets or low liquidity environments, market orders may result in slippage, where the executed price deviates from the expected price at the time the order was placed.
Limit Order
A limit order is an instruction given by a trader to Long (buy) or Short (sell) a specific quantity at a designated price. Unlike market orders, which prioritise speed of execution, limit orders allow traders to specify the price at which they are willing to trade.
Step 4: Set TP/SL or skip this step
TP (Take Profit) indicates the desired price at which a trader aims to close their position. On the other hand, SL (Stop Loss) represents the price level at which the trader's order will automatically close if the market moves unfavourably against their trade.
You can choose to skip this step by leaving the checkbox unchecked. However, it's generally advisable to set TP/SL for your orders to mitigate potential losses in unforeseen circumstances, such as sudden price movements that may go against your trades.
You can also add the TP/SL for already opened positions from the Positions in the Orders tab.
Step 5: Select the side of your trade, Long / Short
Great job! Your selections are complete. Your orders will be executed according to the choices you've made. You can view them in the Orders Tab below the Chart.
Setting TP and SL Orders
For Long Positions:
Take Profit Price: Must be strictly greater than 1.001 times the Mark Price.
Stop Loss Price: Must be strictly greater than the Liquidation Price and strictly lower than 0.999 times the Mark Price.
For Short Positions:
Take Profit Price: Must be strictly lower than 0.999 times the Mark Price.
Stop Loss Price: Must be strictly higher than 1.001 times the Mark Price and strictly lower than the Liquidation Price.
Step 1: To set a stop loss and take profit on an order that has already been opened, click on the Add icon on the order as it appears in the Positions tab.
Step 2: Add quantity, Take Profit and Stop Loss Prices as mentioned above
Step 3: Please click on ADD TP/SL to place your TP/SL for the trade/position
Step 4: Click on open orders to tab to find your TP/SL orders
Important to know
If the direction of your position changes (from long to short or vice versa), any TP/SL orders set for that position will be automatically cancelled.
Note: TP/SL is triggered on Market Price and not the Last Traded Price.
Checking your Positions or Order history
Unlike holding onto cryptocurrencies for the long term ("HODLing"), trading futures contracts demands continuous monitoring. Given the volatility and rapid fluctuations in the crypto market, maintaining control over your positions and comprehending your trades is crucial.
To facilitate this, we've created an Orders Tab for our users, ensuring a seamless experience and providing greater oversight of your trading activities.
The orders tab have five sub session, they are:
Positions - Displays your open positions
Open Orders - Displays your pending orders or TP/SL Orders
Order history - Displays all the Executed or Cancelled orders
Trade history - Displays all the closed trades with the P&L details
Transaction history - Displays the Debits and Credits in your Future wallets that includes Fees, GST, P&L, Funding Fee etc
Utilise these tabs to manage your open positions and Pending orders. Your estimated profit or loss will be displayed in your account, with profits shown in green and losses in red.
Closing your positions
Unlocking convenience in your futures trading journey, we offer cutting-edge methods to streamline your experience. Embrace the ease of closing positions through our innovative tools, tailored to cater to both traditional and modern trading preferences.
Go to Positions and Click on the Market/Limit link below the Close Position label to Close the position
Close Position - Market: This will place a market order in the opposite direction and exit the trade instantly
Close Position - Limit: This will place an order at your desired price for exit
Adding Margin to your open positions
Leverage trading enables traders to control larger positions than their account balance allows by borrowing funds from the exchange. Margin is the initial deposit required to open a leveraged position; for example, with 10x leverage on ETH priced at Rs 300,000, a Rs 30,000 margin is needed.
If the ETH price moves favourably, traders can close their position to secure profits. However, if the price moves against their position and their margin falls below the liquidation threshold, the exchange may automatically close their position at the current market price to prevent further losses, utilising remaining funds to cover losses.
You can avoid the liquidation by adding more margin to your open positions. To do this, you need to have enough money for additional margin in your Futures Wallet.
Step 1: Fund your Futures Wallet by transferring fund from your Fiat Wallet
Step 2: Go to Open Positions and click on the Edit button to add or reduce margin
Step 3: Click on the Update Margin to complete the process
Withdrawing your balance in Futures Wallet
To withdraw your INR balance from your Futures wallet, you'll first need to transfer it to your Fiat wallet. From there, initiate a withdrawal order using the Fiat Withdrawal option on the App or Web platform. The withdrawal process remains the same, with funds typically credited to your registered bank account within 15 minutes or, at most, 2 working days.
For your easy reference, we’ve added the steps below.
Step 1: Click on Wallet or Futures Wallet Balance
Step 2: Click on Transfer Funds option under the Future tab
Step 3: Enter the Amount and Select the From as Futures and To as Fiat and click on Transfer
Step 4: Wait for confirmation on Transfer, it will be successful instantly
Step 5: Place a Fiat Withdrawal Request from Fiat Wallet to withdraw the INR received in your Fiat wallet.
To know more about how to Withdraw fiat from your ZebPay Fiat Wallet, please refer to our support article here.
Fees and Limits for Futures
Like all other types of trading transactions, there are fees and limits attached to futures trading as well. For understanding the different types of fees and the GST for it, please refer to our Fees and Limits page on the website.
Statements : You can also request your trade and transaction statement for futures from the Trade & Transaction History tabs on the web. You will get these statements on your registered email address with us.
Risk Disclosure
Futures trading offers a wide range of opportunities for investors to participate in the financial markets and manage risk. Understanding the key concepts outlined in this article is essential for traders to make informed decisions and navigate the complexities of futures trading effectively. As with any form of trading, it's important to conduct thorough research, develop a solid trading plan, and adhere to risk management principles to maximise the chances of success.
Trading perpetual futures contracts involves significant risks, including but not limited to market volatility, leverage amplification of gains and losses, potential liquidation of positions, and the possibility of losing more than the initial investment. Investors should carefully consider their risk tolerance and financial situation before engaging in perpetual futures trading.
Note: The images provided are solely for illustrative purposes; actual values may differ from those displayed in the images.