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Date/Time: Sat, 30 Nov 2024 06:44:15 +0000
Post From: Now Available: Binance Data Feed!
| [2020-12-29 13:23:44] |
| 01110010 - Posts: 33 |
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As someone who has traded on binance/binance futures for a while, I would recommend the following symbol formats: the contract that is currently labelled as BTCUSDT_FUT_BINANCE is infact a perpetual contract, as you were aware. This is by far the highest volume and most traded of all the contracts on binance futures. It would make intuitive sense to label this one as BTCUSDT_PERP_BINANCE instead, this is how it is commonly known/recognized. the contract that is currently labelled as BTCUSD_PERP_BINANCE is also a perpetual contract. The difference between this one and the first one is that this is an inverse perpetual, meaning it is margined with BTC, rather than with USD/USDT. This one is a lot less traded and is very much a secondary contract to the main first one, It would make sense to label this as something like BTCUSD_INVERSE_PERP_BINANCE, or BTCUSD_CM_PERP_BINANCE (CM stands for 'coin margined', which is a common term in crypto derivatives). On the Binance website this is how they differentiate the two, the main perpetual is classed as 'USDT margined', and the inverse perpetual is called 'coin margined'. The *actual* Futures, as opposed to the perpetuals which never expire, are currently labelled as BTCUSD_210326_BINANCE, and BTCUSD_210625_BINANCE, with the numbers obviously corresponding to the quarterly expiry dates. These are fine to leave as they are, however perhaps attaching the _FUT suffix may make them a a bit clearer. I hope I explained this well enough, can definitley see how it's confusing. Date Time Of Last Edit: 2020-12-29 13:34:47
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