Intended use
Intended for trading basis convergence, with spot capital in use and liquidation still possible on the contract.
Spot-futures hedge
One spot leg and one contract leg, opened and closed on the basis.
Usage
Execution
The opening basis already deducts the round-trip fee and estimated funding. Both legs close together when the basis converges, or when funding no longer covers the cost.
Before creation
The preview shows the current basis, spot capital in use, and the contract's distance to liquidation. The spot leg has no liquidation price.
After it is running
Emergency close handles both legs. A failed leg keeps retrying and raises an alert. It is not marked fully closed.
Allocated funds can be lost in full.
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