Nano Bitcoin Perpetual Futures (BIP) | Contract Overview

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What Is a Nano Bitcoin Perpetual Futures Contract?

A Nano Bitcoin Perpetual Futures Contract is a smaller-sized Bitcoin futures contract that provides continuous price exposure without a fixed expiration date. Unlike traditional Bitcoin futures that settle on a specific date, perpetual style futures remain open as long as margin requirements are met. The nano contract size reduces notional exposure, allowing traders to manage risk more precisely while trading Bitcoin on margin.

Nano Bitcoin Perp Futures (BIP) Contract Specifications

Product:

Nano BTC Perp Style Futures

Futures Contract Symbol:

Exchange:

Coinbase

Contract Size:

1/100th of Bitcoin

Trading Hours:

Friday 6:00 PM – Friday 5:00 PM ET with a weekly one hour break each Friday

Minimum Price Fluctuation:

$5 per Bitcoin = $0.05

Contract Months:

None

Settlement Method:

USD – Settled Index Future

Exchange Fees:

Margin Requirements for Nano Bitcoin Perpetual Futures

Nano Perp Bitcoin Margins

Long (Buy) BIP

Short (Sell) BIP

Initial Day Margin**

$140*

$180*

Calculating Margin for Coinbase Perpetual Futures

Coinbase margins are based off a 3:00 p.m. CT settlement price established by Coinbase.

For example:

Nano Bitcoin Perp Style Futures (BIP)

Contract Size – 0.01 Bitcoin

BIP – Friday’s Dec. 2030 Contract Settlement Price: $70,080

Long (Buy) is 19.6918%

Short (Short) is 24.5434%  

0.01 x $70,080 x 19.6918% = $138 (Exchanges round up to $140.00)

Other contracts can be found on our margins page.

Source: Coinbase

The above information is derived from sources believed to be accurate. It is provided without guarantees and is subject change without notice.

Frequently Asked Questions About Nano Bitcoin Perpetual-Style Futures

The primary ticker symbol for these contracts is BIP. This symbol represents the Coinbase Derivatives Nano Bitcoin contract, which is a cash-settled instrument designed for retail capital efficiency.

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