How to Start Your Pegasus Angel

Comprehensive guide to market rules, minimum order sizes, and trading requirements for ByBit, BitMEX, and Deribit inverse perpetual markets.

Exchange Market Rules & Information

Understanding market rules is essential for successful trading. This page shows all inverse perpetual markets available across our supported exchanges, including minimum order sizes, contract specifications, and trading requirements.

What are Inverse Perpetual Contracts?

Inverse perpetual contracts are settled in the base currency (like BTC or ETH). For example, XBTUSD profits and losses are paid in BTC, not USD. This means your returns compound in Bitcoin value.

Important Notes:
  • Deribit: Only BTC-PERPETUAL and ETH-PERPETUAL inverse contracts are supported
  • BitMEX: XBTUSD (BTC inverse) and ETHUSD (ETH quanto) are supported
  • ByBit: Multiple inverse perpetual contracts available

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Trading Terms Glossary

Contract Size

The value each contract represents. For example, 1 XBTUSD contract = $1 USD of Bitcoin value.

Minimum Order Size

The smallest number of contracts you can trade. This varies by exchange and market.

Tick Size

The minimum price increment for the market. Determines the smallest price movement allowed.

Inverse Contract

Contracts settled in the base currency (BTC/ETH). Profits compound in the cryptocurrency, not USD.

Quanto Contract

Special contract type (like ETHUSD on BitMEX) where ETH is traded but settled in BTC.

Maker/Taker Fees

Maker fees: paid when adding liquidity (limit orders). Taker fees: paid when removing liquidity (market orders).

Funding Rate

Periodic payment between long and short positions to keep perpetual contract prices aligned with spot markets.

Leverage

Allows you to control a larger position with less capital. Higher leverage = higher risk and potential reward.

Liquidation

When your position is automatically closed because losses exceeded your margin. Always maintain adequate balance!