> For the complete documentation index, see [llms.txt](https://yubit.gitbook.io/yubit/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://yubit.gitbook.io/yubit/derivatives-trading/usdt-m-perpetual-contracts-app.md).

# USDT-M Perpetual Contracts (App)

**Step 1: Transfer Funds**

Before trading, make sure your contract account has sufficient balance.

* Go to **\[Assets] → \[Trading Account]** to view your USDT balance.
* If funds are in your Funding Account, click **\[Transfer]** to move them into your Trading Account.

**Step 2: Select Position Mode**

YUBIT offers two position modes:

* **Merged Mode**: All long positions of the same contract are merged together, and all short positions are merged together.
* **Isolated Mode**: Each position opened in the same direction is kept separate and managed independently.\
  Select your mode from the top-left corner of the trading screen before placing orders.

**Step 3: Open a Position**

You can open a **long** (buy) or **short** (sell) position depending on your market outlook.

* **Market Order**: Execute immediately at the current market price.
* **Limit Order**: Set your own price; the system will execute at the best available price once reached.
* **Conditional Order**: Set a trigger price and order price. The order only activates when the trigger price is reached.

👉 Example (Open Long with Market Order):\
Go to **\[Trade] → \[Market Order] → Enter Quantity → \[Open Long]**.

**Step 4: Close a Position**

To lock in profits or limit losses, you can close positions at any time.

* **Close Long**: Predict price will fall and exit your long.
* **Close Short**: Predict price will rise and exit your short.

👉 Example (Close Long with Market Order):\
Go to **\[Trade] → \[USDT Contracts] → \[Close] tab → \[Market Order] → Enter Quantity → \[Sell/Close Long]**.

You may also use **\[Close]** directly on your position or the **\[Close All]** button for one-click market closure.

**Step 5: View Order History**

After closing, view your trading history under **\[All Orders]**, including details such as:

* Order type
* Execution price
* Volume
* Trade direction
* PnL (Profit and Loss)
* Fees
* Leverage

👉 Path: **App → Trade → All Orders**