Intro
This manual explains how to trade Numeraire USDT‑margined contracts, covering mechanics, risk controls, and tactics to stay ahead. You will learn margin calculation, funding‑rate dynamics, and strategic entry‑exit rules used by professional traders.
Key Takeaways
Key points include understanding contract specifications, using appropriate leverage, monitoring funding rates, applying risk caps, and tracking on‑chain activity for timely decisions.
What is Numeraire USDT‑Margined Contract?
Numeraire USDT‑margined contract is a futures‑style derivative that settles profit and loss in Tether (USDT) and uses Numeraire (NMR) as the underlying asset (source: Wikipedia). The contract size is standardized, and traders post USDT as margin, not NMR, eliminating direct exposure to the token’s spot volatility. According to Investopedia, a USDT‑margined contract simplifies settlement by avoiding conversion