HedgerX Futures Trading Beginner’s Guide
HedgerX Futures Trading provides an advanced way to trade digital assets.
Unlike spot trading, futures trading involves distinct trading logic and order mechanisms.
This guide aims to help users new to HedgerX Futures understand the basics and confidently begin their trading journey.
1. Funds Transfer
Before engaging in futures trading, ensure that your futures account contains sufficient assets (e.g., USDT).
Transfer Process
Open the HedgerX App and go to [Wallets] → [Spot] → [Transfer]. Confirm the direction: Transfer from [Spot] to [Futures]. Select the cryptocurrency (for example, USDT). Enter the transfer amount. Tap [Transfer] to complete.
2. How to Place an Order
Since Position Mode, Margin Mode, and Leverage Mode can affect your profits and losses, HedgerX recommends following this order when placing trades:
Set Position Mode → Set Margin Mode → Set Leverage Mode → Choose Order Type → Set Parameters → Confirm [Open Long] / [Open Short]
2.1 Position Mode
Hedge Mode
You can hold both long and short positions for the same trading pair simultaneously.
Example: In Hedge Mode, you can hold both long and short positions in BTC/USDT futures.
Important Note
Once you have existing positions or open orders, you cannot change the Position Mode.
2.2 Margin Mode
1. Isolated Margin
Each position is independent. The margin used for one position does not affect others.
If liquidation occurs, only the margin for that specific position is at risk.
Example:
A user has 1,000 USDT and opens a long BTC position using 200 USDT as isolated margin.
If liquidated, the user loses only 200 USDT, not the entire balance.
2. Cross Margin
All available balance in the same currency is used to maintain positions and prevent liquidation.
If liquidation occurs, the entire balance in that currency may be lost.
Example:
A user has 1,000 USDT and opens a long BTC position using 200 USDT initial margin under cross mode.
If liquidated, the user loses the full 1,000 USDT.
3. Margin Mode and Existing Orders
Changing margin mode does not affect existing positions or open orders.
4. How to Switch Margin Mode
Tap the [Isolated] margin icon at the top-left of the trading screen, and choose [Cross] or [Isolated].
2.3 Leverage Mode
HedgerX allows setting different leverage and margin modes for long and short positions.
Example:
You can set Isolated 10x for longs and Cross 5x for shorts.
Note:
If any futures pair already has open positions or orders, leverage mode cannot be adjusted.
Changes apply uniformly to all futures pairs.
2.4 Order Types
1 Limit Orders
Logic:
Set Price → Base Unit → Quantity → (Optional) Time in Force → Place Order [Open Long] / [Open Short]
Traders use limit orders to buy low and sell high. “Open Long” must be below the current price; “Open Short” must be above it, otherwise it executes as a market order. Base Units: BTC, USDT, Cont.
Time in Force Options:
GTC (Good Till Cancelled) – order remains until executed or cancelled. IOC (Immediate or Cancel) – unfilled portions are cancelled. FOK (Fill or Kill) – must be completely filled or cancelled immediately.
2 Market Orders
Logic:
Set Base Unit → Quantity → Market to Limit → Confirm Order
Orders execute instantly at the best available market price. Base Units: BTC, USDT, Cont.
3 Trigger Orders
Logic:
Select Price Type (Last / Mark / Index) → Choose Trigger Method (Limit or Market) →
Set Trigger Price → Price → Base Unit → Quantity → (Optional) Time in Force → Confirm Order
Similar to stop-limit orders in spot trading. Traders can open positions at prices above or below current levels. Trigger and execution prices can use Limit or Market settings. Base Units: BTC, USDT, Cont.
Time in Force Options: Long-Term / 7 Days / 24 Hours
4 Post-Only Orders
Logic:
Set Price → Base Unit → Quantity → Confirm [Open Long] / [Open Short]
Ensures you are always a Maker, earning maker rebates. Base Units: BTC, USDT, Cont.
3. Order Monitoring
3.1 Untriggered Orders
Check your order status in [Open Orders] or [Order History].
3.2 Triggered Orders
When your order is triggered, it will appear under [Positions].
1 .Closing a Position
You can close a position manually when conditions meet your expectations,
or automatically via Take-Profit or Stop-Loss functions.
2 .Forced Liquidation
Forced liquidation is a passive position closure.
When your margin balance falls below the required maintenance level,
HedgerX will automatically liquidate your open positions to prevent losses exceeding your margin.
For details, refer to: What is Forced Liquidation?
4. Summary
This guide outlines the three key steps to completing a futures trade:
Transfer funds Place an order (5 types explained) Monitor and manage orders
Each section simplifies the logic behind HedgerX Futures,
helping you progress from beginner to confident trader.
Once you’re familiar with these functions,
you can streamline your operations and develop your own trading strategy.