What is the Quotation System?
In futures trading, a quotation system defines the reference currency used to display prices, calculate profit and loss (PnL), and settle funding fees. At Freedx, our futures market uses USDT (Tether) as the quotation currency.
This means:
All contract prices are shown in USDT.
Your unrealized and realized PnL will be calculated in USDT.
Funding fees between long and short positions are exchanged in USDT.
If I choose to settle in USDT, which currency will I receive the funding fee in?
If you decide to settle your trades in USDT, you will also receive your funding fees in USDT. This means that the fees associated with holding positions or contracts will be paid to you in USDT, ensuring consistency with the chosen settlement currency.
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