Imagine, you were holding a BTC or ETH December quarterly futures position on ACDX, but for some reasons you changed your trading plan and wanted to hold the position beyond the expiration date, so here the question came — How could you roll over your futures positions from quarterly to perpetual? Or the other way round?
A Step-by-Step Guide
ACDX makes it simple with just a few clicks. Follow the steps below to learn how to roll over an Ethereum short position from quarterly to perpetual.
- Locate the ‘Positions’ section under Ethereum
2. Confirm your current position
Here:
— You are holding the ETH December quarterly futures short position with the quantity 1.
— You attempt to roll over it to a perpetual position by simultaneously selling your current quarterly position and buying a perpetual position.
3. Hover over ‘Ethereum’ and click ‘Perpetual/Dec 2020’ under ‘Futures Spread’
4. Enter the same quantity as your current position’s to offset the amount
Here: Enter 1
5. Enter the desired price on the ‘Price Field’ in the Order Entry
6. Confirm the other contract details are correct
7. Since you have a short position, you need to “buy the spread” to switch to a buy order.
8. Make a final check on the order details and click ‘Buy’
9. An order confirmation box appears, showing that the order has been instantly executed.
Here: The order to buy 1 ETH-PERP-Z20 with limit price 2.52 has been filled.
10. You can see that the quarterly position has been offset while the perpetual contract is bought. This is because buying a spread involves the action of selling your current quarterly position and buying a perpetual position simultaneously.
Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
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