LBank, as a leading global cryptocurrency exchange, offers perpetual futures trading services with leverage up to 125x, enabling users to amplify potential returns. Futures trading is suitable for experienced traders but carries high risk, potentially resulting in total loss of principal. This guide covers basic operational procedures to help LBank users trade safely and efficiently. Before proceeding, please ensure you have read and agreed to「LBank Futures Service Agreement」and assessed your personal risk tolerance.

Opening a Futures Account

  1. Open the LBank App, log in, and tap 「Futures」 at the bottom menu. Tap「Confirm」to Agree to open a Futures Account for completing the setup.

  1. Note: Account opening is free, but users in certain regions may need to complete KYC verification to unlock full features. If you have not yet registered an LBank account, refer to the official registration guides (「How to Create A LBank Account With Email」,「How to Create A LBank Account Via SMS」&「LBank SMS Authentication Support」）.

Fund Transfers & Margin Management

  1. Transfer Funds:

    • Method 1: Transfer USDT or other margin assets from the spot account to the futures account. Go to 「Assets > Transfer」, select from「Spot」to「Futures」, enter the asset amount, and tap「Confirm」to transfer.

  • Method 2: Navigate to 「Futures」. As shown, tap 「Futures > “+”」, select the transfer method: 「On-chain」,「One-Click Buy」, or「Transfer」. If your spot account has a balance, select「Transfer」, enter the amount, and tap「Confirm」. If no balance exists, choose the appropriate deposit method first.

  1. Margin Modes: Supports Isolated Margin (risk isolated per position) and Cross Margin (shared across the entire account). Switch modes in the trading interface before opening a position; it cannot be changed after. 

  2. Leverage Adjustment: Before each futures trade, swipe to adjust leverage (1-125x, depending on the trading pair) in the pair details. High leverage amplifies both profits and risks; beginners should start with low leverage.

Selecting Trading Pairs & Opening Positions

  1. Select Targets: Enter the「Futures」and tap the trading pair in the upper left. Search or browse pairs (e.g., BTC/USDT, ETH/USDT) from the dropdown menu by conditions.

  1. After selecting a target pair, tap to enter the trading interface to view the K-line chart, depth chart, and latest price. Two viewing options are available as shown; choose based on your preference.

  1. Order Types for Opening Positions: Tap to select「Order Type」and set「Contract Units」.

    • Market Order: Executes immediately at the current market price, ideal for quick entry.

    • Limit Order: Executes at a specified price when reached, suitable for precise cost control.

    • 📌See details from「LBank Futures Order Types Introduction」.

  • Stop Orders (Stop Loss/Take Profit): Set trigger prices to limit losses (Stop Loss) or secure profits (Take Profit). As shown, tap「Advanced」during order placement to configure「Take Profit/Stop Loss」.

Position Management & Closing

  1. View Positions: 

    • After order confirmation, scroll down in the current pair page to the order details for 「Positions」, including「PnL%」, 「Unrealized PnL」,「Estimated Liquidation Price」and「Maintenance Margin Ratio」.

    • Alternatively, tap「Assets > Futures」to further check position details.

  1. Close Positions: In 「Assets > Futures > Positions」, locate the order and tap 「Close」to use market or limit closing. Partial closes can be entered as a percentage to proceed (e.g., 50%).

  2. One-Click Reverse: A convenient LBank futures feature allowing users to open a reverse position (e.g., long to short) with the same size as the current one, automatically closing the original and establishing the new position—ideal for quick market reversals to lock in profits or cut losses.

  1. Risk Controls：

    • Monitor Margin Ratio: Liquidation triggers if it falls below the maintenance margin rate, automatically closing positions to stop losses.

    • Funding Rates: Longs pay shorts (or vice versa), depending on market conditions; monitor for long-term holds.

  2. Tip: Use take-profit and stop-loss orders for automated management to avoid emotional decisions.

Risk Management & Best Practices

  1. Risk Management Principles: 

    • It is recommended not to allocate more than 1% to 2% of your total capital to a single trade in order to better control overall risk.

    • Diversifying across different trading pairs is recommended to avoid overexposure to a single market.

    • When setting stop-loss orders, it is advisable to keep potential losses within 5%.

  2. Common Pitfalls to Avoid: 

    • Avoid using excessive leverage. Leverage above 20x is generally more suitable for advanced users with sufficient trading experience.

    • Regularly check the funding rate and pay attention to changes in holding costs.

    • It is recommended to start with small amounts in demo or live trading to become familiar with the trading rules before gradually increasing your position size.

  3. Large Order Execution Reminder: 

    • When an order size is relatively large, it may exceed the market’s immediately available liquidity, which can result in partial execution.

    • It is recommended to adjust the order size appropriately or place orders in batches to improve execution efficiency and reduce market impact.

  4. Advanced Features: 

  5. Funding Rate: See details from「Funding Rate: Definition, Components and Uses」.

Still Need Help?

LBank futures trading provides powerful tools, but success relies on discipline and knowledge. Stay informed on market dynamics and incorporate technical analysis.

If you have further questions or cannot resolve the issue, please visit the LBank official website  or contact our support team at 📮service@lbank.com . 

We are committed to providing you with a secure and seamless trading experience!