With Lightning Futures, you can buy and sell Bitcoin using margin deposits. The units used are BFT.
An open position on the Lightning Futures (Bitcoin Futures) board can be closed before its maturity date by performing a counter-sale by means of net settlement. If the position is not closed by its maturity date, it will automatically be settled using an SQ (special quotation). The SQ is determined by using the spot board price at the maturity date by the Itayose method.
One of Lightning Futures’ most attractive points is the ability to leverage up to 15 (*) times your margin deposit to make Bitcoin trades.
Increase your trading efficiency and achieve better results by trading with more than your original deposit amount.
In addition, you can take a short position, allowing you to make a profit even when the Bitcoin prices drop.
Trading is open on weekends and holidays as well.
*From April 22, 2019 (exact time in JST has yet to be decided) onward, the maximum leverage for new orders will be changed to 4x. More details can be found here.
"Itayose" is a method for setting a price that matches quantitatively by repeatedly performing buy and sell orders according to a prescribed order of priority, and executing a trade with that price as the single consensus price. It is the method used for setting the SQ (settlement price) on a Lightning Futures (Bitcoin futures) trade sheet. Please see the table below for the maturity schedule for Itayose, margin settlements, etc.
Types of futures
bitFlyer supports three different types of futures trading.
- - Weekly futures (matures on the upcoming Friday)
- - Biweekly futures (matures one week after the maturity date of the one week futures)
- - Quarterly futures (matures on the last Friday of March, June, September, and December)
The next quarterly futures will be listed two weeks before the maturity date of the current one.
How to check the maturity date
The maturity date is displayed as follows.
Futures are displayed as "BTC/JPY-*****20**"
For example, "BTC/JPY-11MAY2018" matures on May 11, 2018.
Order of priority is as follows.
- Sell order
- (1) Market order
- (2) lowest price limit order
- Buy order
- (1) Market order
- (2) highest price limit order
If you have placed multiple limit orders at the same price, the orders will be executed in the order they were placed. All market orders placed before the single-price auction is determined (including orders placed prior to scheduled maintenance) will be considered to have been placed at the same time.