While trading on a Futures account, you trade CONTRACTS and not tokens. The contracts can be named, for example, MATICUSDT/USDT (on 3Commas UI) or USDT_MATICUSDT (on 3Commas notifications) or USDT_AAVE-USDT-SWAP, but not MATIC/USDT or AAVE/USDT. The cost of 1 contract may vary from pair to pair. You cannot trade less than 1 contract or increments of the contract, it can be traded only as a whole number. Please consider the contract cost when you enter or increase your position.

MATICUSDT/USDT is a contract, and you don't trade the MATIC tokens there, just contracts.

Traders can not only profit with Long positions (where you make a profit if the price of a cryptocurrency increases), but they also can profit with Short by trading a cryptocurrency if the price falls - all with the added benefit of having to own only stablecoins in their account.

Traders can enter positions that are larger than their account balance. On Binance, for example, Perpetual Futures Contracts can be traded with leverage that goes up to x125 (so a $100 balance would allow you to trade with $12,500), although the amount of leverage you may use will vary depending on the cryptocurrency to be traded.

This was the main reason why Futures were invented. If you had $10,000 to trade, you might choose to invest long-term in Bitcoin, so you could buy $9000 of Bitcoin and hold it on your account; essentially, this is a Long position with no leverage and no risk of being “liquidated” (Spot market). However, as with all cryptocurrencies, stocks, forex, and commodities, prices rise and fall daily - no asset will only just go up in value the moment you buy it! With the remaining $1000 of your balance, you could then take advantage of when the price declines to Short Bitcoin with ten times leverage, effectively giving you a total of $10,000 trading power to “hedge” your Long position if the price of Bitcoin falls. This guide is not intended to train users on Hedging & risk management techniques, and further reading up on this subject is highly recommended! 

WARNING: Leverage Trading is inherently very risky, a mistake or miscalculation can lead to your entire exchange account being “liquidated”, and you will potentially lose all the funds you have deposited. Always use a “Stop Loss” to avoid liquidation!

Please be aware that some contracts are “Perpetual” and have no expiry date; this means positions can be left open for as long as you can afford the funding charges. Sometimes the contracts are limited in time and may look like this:
​BTCUSDT_230331/USDT.

This means that the position with this contract will expire on March, 31st 2023.

More information about Binance Futures can be found here:

What Are Perpetual Futures Contracts?

It is strongly recommended that you read the documentation for Futures contracts and the type of Leverage on the exchange you will be trading on!

Key information that will help you to trade is the “minimum and maximum position sizes” supported by your exchange as well as how liquidations and margin calls are executed.

Also, when you open leveraged trading positions, your fee is usually a percentage of the entire position size (so if you opened a $1000 position with $100 of your own funds and ten times leverage, the fee is based on the full position size of $1000).

Additionally, every 8 hours, exchanges charge you an additional percentage fee for “funding” - this is often calculated using a ratio of traders that are “Long” versus those that are “Short” and dynamically adjusts throughout the day.