$LIT /USDT perpetual futures contract interface, likely on Binance or a similar platform. Here’s a clear breakdown of what each part of the screen means:
1. Contract Type
USDS-M / COIN-M Options Smart Mon – Indicates the type of derivatives market:
USDS-M: Settled in USDT (stablecoin).
COIN-M: Settled in the underlying crypto (e.g., BTC, ETH).
Perp: Perpetual futures, meaning the contract has no expiration.
2. Position Info
LITUSDT Perp +0.34% – Current price change of LIT/USDT perp.
Cross / 20x – Leverage info:
Cross margin uses your entire account balance to prevent liquidation.
20x is your leverage multiplier (high risk).
3. Funding & Countdown
Funding (8h) / Countdown 0.01000% / 00:55:17
Perpetual futures require funding payments between longs and shorts every 8 hours.
Countdown shows time left until the next funding.
0.01000% indicates the rate for this interval.
4. Order Section
Buy / Sell – Place your long (buy) or short (sell) order.
Price (USDT) – Enter the price you want to buy/sell at.
Amount (LIT) – Quantity of LIT tokens.
Avbl – Amount of USDT available to trade.
Limit – Order type (can also choose Market, Stop Limit, etc.).
TP/SL – Set Take Profit / Stop Loss for risk management.
Reduce Only – Only reduces an existing position, won’t open a new one.
5. Cost & Max
Shows cost of the order in USDT and the max possible amount you can trade with available funds.
