> ## Documentation Index
> Fetch the complete documentation index at: https://docs.whitebit.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Compare Trading Products

> Choose between Spot, Margin, and Futures trading on the WhiteBIT API — use case guide, capability comparison, and API routing reference.

Not sure which trading product to integrate? Use the comparison below to match the target use case to the right product, then go directly to that product's overview.

## Which product is right for this use case?

* **No leverage needed** — Use [Spot Trading](/products/spot/overview). Direct asset ownership, no liquidation risk, 750+ pairs.
* **Leverage on spot pairs, simpler risk model** — Use [Margin Trading](/products/margin/overview). Up to 10x leverage on spot pairs (e.g., `BTC_USDT`). No funding rates, no Hedge Mode.
* **Perpetual contracts, higher leverage, funding rate mechanics** — Use [Futures Trading](/products/futures/overview). Up to 100x leverage on perpetual pairs (e.g., `BTC_PERP`), Hedge Mode for simultaneous long/short positions, periodic funding rate settlement.

## Comparison

|                         | Spot                                     | Margin                                   | Futures                                                |
| ----------------------- | ---------------------------------------- | ---------------------------------------- | ------------------------------------------------------ |
| Instrument type         | Spot pairs (`BTC_USDT`)                  | Spot pairs (`BTC_USDT`)                  | Perpetual pairs (`BTC_PERP`)                           |
| Leverage                | None                                     | Up to 10x                                | Up to 100x                                             |
| Liquidation risk        | No                                       | Yes                                      | Yes                                                    |
| Maintenance Margin Rate | —                                        | 3% for 1x–10x                            | 3% for 1x–10x                                          |
| Hedge Mode              | No                                       | No                                       | Yes — long + short on the same pair simultaneously     |
| Funding rates           | No                                       | No                                       | Yes — periodic settlement between longs and shorts     |
| Available pairs         | 750+                                     | Spot pairs with collateral enabled       | 270+ perpetual pairs                                   |
| Balance required        | [Trade balance](/concepts/balances)      | [Collateral balance](/concepts/balances) | [Collateral balance](/concepts/balances)               |
| API endpoints           | Spot Trading (`/api/v4/order/new`, etc.) | Collateral (`/api/v4/order/collateral/`) | Same collateral endpoints — pair name routes the order |
| Kill-switch             | Yes                                      | No                                       | No                                                     |
| Bulk orders             | Yes (up to 20 per call)                  | Yes (up to 20 per call)                  | Yes (up to 20 per call)                                |

## API routing: Margin vs Futures

Margin Trading and Futures Trading share the same API endpoints. The **pair name** is the only differentiator:

* Spot pair (e.g., `BTC_USDT`) → **Margin Trading**
* Perpetual pair (e.g., `BTC_PERP`) → **Futures Trading**

All endpoints under `/api/v4/order/collateral/` and `/api/v4/collateral-account/` serve both products. There is no separate "margin" or "futures" parameter in the request body — the market pair name alone determines which product is used.

<Note>
  Both Margin and Futures draw from the same **Collateral balance**. Leverage is also configured account-wide via a single endpoint — it applies to both products simultaneously.
</Note>

## What's Next

<CardGroup cols={3}>
  <Card title="Spot Trading" icon="arrow-right-arrow-left" href="/products/spot/overview">
    750+ pairs, 6 order types, kill-switch, bulk orders. No leverage.
  </Card>

  <Card title="Margin Trading" icon="chart-line" href="/products/margin/overview">
    Up to 10x leverage on spot pairs using the Collateral account.
  </Card>

  <Card title="Futures Trading" icon="chart-candlestick" href="/products/futures/overview">
    Perpetual contracts up to 100x, Hedge Mode, and funding rates.
  </Card>
</CardGroup>