Support for both USD-M and COIN-M futures

Futures grid-bot "Hurricane" supports both USD-M (USDT and BUSD) futures and COIN-M futures on the Binance exchange.

USD-M futures - more convenient type of futures for most users, where balances are showed in dollars, and only USDT, BUSD, BNB, BTC, ETH are used as collateral (when the multi-asset mode is enabled in the Binance exchange settings, which is recommended to be enabled ).

This type of futures is used to increase the deposit in dollars. When using cross margin, if a position with one coin is liquidated, positions in other coins in USDm futures are also usually liquidated. To reduce the commission, you can use trading pairs with BUSD, as well as transfer to a USD-M BNB futures account. It is important to understand that in USD-M futures, if the collateral is in dollars, it is safer to open longs than shorts, because if the dollar deposit is larger than the position, then there is no liquidation price when going long.

When using the bot, be sure to disable the "hedging mode" position mode in the Binance exchange settings (the "one-way mode" must be enabled - it is enabled by default). It is also necessary to enable the “multi-asset mode” on the exchange before opening positions, so that you can use not only USDT as collateral.

For hedging in USD-M, it is recommended to use ETHBUSD or BTCBUSD (for larger deposits).

COIN-M futures - futures, where coin (not USDT) is used as collateral. Such futures are used to increase the quantity of your coins, for example: BTC, ETH, BNB, XRP, TRX, EOS, DOT, ADA. It is important to understand that if a coin is used as collateral, and not a dollar, then it is safer to short this coin, because if the deposit is greater than the position, then there is no liquidation price when short.

When using cross margin, if a position with one coin (for example, BTC) is liquidated, positions in other coins in COIN-M futures are not liquidated. In COIN-M, the transaction fee is half that of USDT futures.

Unlike USD-m futures, the size of the order and position in COIN-M futures is specified in contracts (for example, 1 contract in a BTCUSD pair is equal to $100). COIN-M and USD-M must be added to the service as separate exchanges, and the same API keys can be used.