Shiba Inu (SHIB) on Huobi Futures: Contract Address, Trading Fees, and More133

Shiba Inu (SHIB), the popular meme cryptocurrency, is now available for trading on Huobi Futures. SHIB futures contracts allow traders to speculate on the price of SHIB without having to hold the underlying asset. This article provides a comprehensive guide to SHIB futures on Huobi Futures, including the contract address, trading fees, and other important information.

Shiba Inu Futures Contract Address

The contract address for SHIB futures on Huobi Futures is:```
shibusdt
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This contract address is unique to SHIB futures on Huobi Futures. It is important to use the correct contract address when trading SHIB futures, as using the wrong address may result in your funds being lost.

Trading Fees

Huobi Futures charges a maker fee of 0.02% and a taker fee of 0.04% for SHIB futures trades. Maker fees are charged to traders who place orders that are filled immediately, while taker fees are charged to traders who place orders that are matched with existing orders on the order book.

In addition to trading fees, Huobi Futures also charges a funding rate for SHIB futures. The funding rate is a periodic payment made by traders who are long (i.e., betting on the price of SHIB to rise) to traders who are short (i.e., betting on the price of SHIB to fall). The funding rate is designed to keep the price of SHIB futures in line with the spot price of SHIB.

Leverage

Huobi Futures offers leverage of up to 20x for SHIB futures trades. Leverage allows traders to amplify their profits (and losses), which can be a useful tool for experienced traders. However, it is important to use leverage carefully, as it can also lead to significant losses.

Order Types

Huobi Futures offers a variety of order types for SHIB futures trades, including:* Limit orders allow traders to specify the price at which they want to buy or sell SHIB.
* Market orders allow traders to buy or sell SHIB at the current market price.
* Stop orders allow traders to place orders that are only executed when the price of SHIB reaches a specified level.
* Trailing stop orders allow traders to place orders that follow the price of SHIB, ensuring that they are always protected against losses.

Conclusion

Shiba Inu futures on Huobi Futures provide traders with a flexible and efficient way to speculate on the price of SHIB. With competitive trading fees, a variety of order types, and leverage of up to 20x, Huobi Futures is a great choice for traders of all experience levels.

Before trading SHIB futures, it is important to understand the risks involved. Futures trading can be complex and risky, and it is possible to lose more money than you invest. It is important to carefully consider your investment objectives, risk tolerance, and experience level before trading SHIB futures.

2024-12-30

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