Bitcoin Perpetual Futures (BIP)

US Regulated Bitcoin Perp Style Futures

What Is a Nano Bitcoin Perpetual Futures Contract?

A Nano Bitcoin Perpetual Futures Contract (BIP) is a smaller-sized, cash-settled futures contract designed to track the price of Bitcoin.

Each contract represents 0.01 BTC and uses a funding rate mechanism to help keep the futures price closely aligned with the underlying Bitcoin market. BIP provides traders with a regulated way to manage Bitcoin exposure, trade on margin, or take a view on the price of BTC.

Nano Bitcoin Perpetual Futures Contract Specifications

Product:

Nano Bitcoin Perp Style Futures

Futures Contract Symbol:

Contract Size:

0.01 BTC

Trading Hours:

24/7 except Friday 5:00–6:00 PM ET

Minimum Price Fluctuation:

$5 per Bitcoin

Tick Value:

$0.05 per contract

Initial Expiration:

Third Friday of December 2030

Settlement Method:

Financially Settled in USD

Exchange Fees:

Margin Requirements for Nano Bitcoin Perpetual Futures

Bitcoin Perp Style Margins

Long (Buy)

Short (Sell)

Initial Day Margin*

$140*
$180*

Calculating Margin for Coinbase Bitcoin Perpetual Futures

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

For example:

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)

Source: Coinbase

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

Other contracts can be found on our margins page.

Nano Bitcoin Perpetual-Style Futures FAQ

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.

https://www.coinbase.com/derivatives

Speak with a Broker Today

Speak with our experienced futures brokers at 312-500-4730 to discuss how we can service your futures trading needs.