How to trade futures on LBank: margin, orders and exits

Open Futures on the LBank website or app and complete the activation steps shown for your account. Under Assets → Transfer select Spot as source, Futures as destination, then asset and amount. Check the transfer direction. Depositing USDT covers external funding; the subsequent internal transfer does not use a blockchain network.

Separate total funds, collateral in use and funds available for new orders. An unfilled order can reduce availability without becoming a position. Do not mistakenly fund FCT; LBank copying follows a different workflow. Identify the contract symbol and collateral currency before calculating its size.

Choose Cross or Isolated before entry and inspect the leverage permitted for that contract. Isolated mode allocates collateral to a position; cross mode uses shared account resources. Do not treat all free funds as unrelated to a cross-margin trade. LBank’s workflow places this decision before entry; do not assume it can be changed afterwards.

Hypothetical linear-contract example: USDT 120 of collateral at 5x represents approximately USDT 600 of initial exposure. A 2% adverse move on that notional corresponds to roughly USDT 12 before costs, rather than 2% of collateral. Liquidation also depends on maintenance requirements and contract rules; this arithmetic does not predict its trigger price.

Select contract, margin mode and order type. Limit requires a price and quantity; Market requires size and direction. Identify whether the form uses asset units or contract value. Open Long and Open Short are different instructions: review the summary before confirming. Afterwards inspect the order and, when filled, the resulting position.

A marketable limit can take liquidity: entering a price does not guarantee maker treatment. Post Only prevents immediate matching by cancelling where appropriate. Trigger conditions and execution are separate; reaching a threshold does not guarantee your intended fill price. The order guide explains that distinction alongside contract-specific controls.

The web and app guides include Take Profit/Stop Loss under Advanced when preparing an order. Check levels, direction and covered quantity. A long’s adverse stop is normally below entry; a short’s is above. Favourable targets reverse that relationship. Spot screenshots do not establish the futures protection workflow.

In Positions inspect size, unrealised P&L, estimated liquidation and margin status. Distinguish a protection’s trigger from its eventual execution price. Market gaps can produce a worse exit than the intended level. After reducing exposure, inspect remaining exits so quantities still correspond to what is open.

Read the contract and account fee schedule, distinguishing maker and taker. Copy fees do not establish manual-futures pricing. Budget a round trip by adding entry and exit charges on their respective notionals. Funding transfers between positions according to its sign; check the pair’s timer and interval rather than assuming eight hours universally.

Arithmetic assumption, not LBank pricing: a USDT 600 entry and 620 exit at 0.05% per execution cost 0.30 and 0.31, totalling USDT 0.61. At a USDT 610 funding notional and positive 0.02% rate, a long would additionally pay USDT 0.122 for that event. Changing leverage without changing notional does not divide these charges.

Locate the position and use Close for the documented market or limit exit, specifying size. A partial close leaves exposure; check the remainder. One-Click Reverse is not a simple exit because it closes and establishes the opposite direction. After execution reconcile remaining size, outstanding orders, realised result and charges.

If no position appears, inspect open orders and fills first. A limit may still be waiting; market orders can encounter liquidity or risk controls. When funds cannot all return to spot, inspect collateral and orders still using resources. Later use LBank USDT withdrawals to leave the exchange rather than confusing that with an internal transfer.

To automate levels instead of managing each order manually, LBank Futures Grid covers range, direction and bot closure.