Crypto Futures Test Crypto Futures Trading Knowledge Test Instructions: Answer all 25 questions. Each question is worth 4 points. Total score: 100 points. Attempt Limit: You may take this test up to 3 times using the same email address. Student Name Student Email 1. What does going long mean in crypto futures? Buying spot only Selling a contract expecting price to fall Closing an exchange account Buying a contract expecting the crypto price to rise 2. Which is generally riskier? No position High leverage Low leverage Using a demo account 3. What is the bid-ask spread? A wallet fee A blockchain confirmation The difference between the buying price and selling price A staking reward 4. Why do perpetual futures use funding rates? To replace margin To keep futures prices aligned with spot market prices To eliminate volatility To guarantee profits 5. Why should traders pay attention to funding rates? Funding removes liquidation risk Funding can affect the cost of holding a position Funding guarantees profit Funding replaces stop losses 6. What is the best description of crypto futures trading? The same as holding spot crypto A guaranteed way to double money A risk-free income method A high-risk leveraged market requiring education, risk control, and discipline 7. What is cross margin? Margin limited to only one position Margin shared across the account to support open positions A blockchain confirmation A crypto tax form 8. What is volatility in crypto futures? A guaranteed profit system Large or frequent price movement A fixed price forever A wallet setting 9. What is open interest in crypto futures? The amount of spot crypto owned The total number of open contracts in the market The number of wallets created The number of exchange employees 10. Why are crypto futures considered high risk? They have no fees They combine crypto volatility with leverage They never move They guarantee income 11. What is revenge trading? Using a trading journal Reducing risk Trading emotionally after a loss to try to win money back quickly Taking profit at a planned target 12. What is the last price? A funding fee A guaranteed settlement price A wallet password The most recent traded price 13. What is realized P&L? Profit on an open position only Profit or loss after a position is closed A wallet balance before trading A staking reward 14. Why is leverage risky? It makes trades risk-free It amplifies both gains and losses It guarantees income It removes liquidation risk 15. If a trader uses 10x leverage, what does that mean? Risk disappears $1,000 can control about $10,000 of exposure The exchange pays the trader 10% daily $1,000 becomes guaranteed profit 16. Why is emotional discipline important in crypto futures? It removes funding fees Fast price movement and leverage can cause emotional mistakes It guarantees every trade wins It prevents price movement 17. What is trading volume? The number of contracts traded during a period The number of wallets created A funding payment The exchange’s profit only 18. What happens if the market moves against a highly leveraged position? The position can be liquidated quickly The exchange refunds losses The position cannot lose money The trade becomes risk-free 19. Who pays funding when the funding rate is positive? Shorts always pay longs The government pays traders No one pays Longs usually pay shorts 20. What does going short mean in crypto futures? Selling a contract expecting the crypto price to fall Buying a contract expecting price to rise Holding only stablecoins Mining Bitcoin 21. What is position size? A blockchain fee A seed phrase length The total size of the trade exposure The number of exchanges used 22. What is liquidity in crypto futures? How many social media followers a coin has How cold a wallet is How many passwords are used How easily a contract can be bought or sold without major price impact 23. What is a market order in crypto futures? An order that only fills at one exact price A staking reward A wallet recovery tool An order to buy or sell immediately at the best available price 24. What can rising open interest suggest? Guaranteed price decrease No market activity More money or participation entering the futures market Guaranteed price increase 25. What is unrealized P&L? Profit or loss on an open position that has not been closed Profit already withdrawn only A tax refund A blockchain fee Submit Test