1. What are perpetual futures?

A perpetual futures contract is a cryptocurrency derivative similar to leveraged spot trading. Users can choose to buy long or sell short by predicting the change in price and gain from it. Unlike the traditional futures contract, perpetual futures contracts do not have settlement dates, and the index price is anchored by the funding rate. For more information, please refer to the introduction to perpetual futures.

 

1. What is a mark price?

The fair price refers to the marked price. It is used to calculate the unrealized PNL and liquidation price in futures trading. Fair price reflects the most reasonable price in the market.

For more information, refer to >> Fair Price

 

1. What is the maximum leverage multiplier in MEXC Futures?

MEXC Futures supports 1-200x freely adjustable leverage, and the leverage multiplier varies by product. 

 

*MEXC Futures now supports up to 200x leverage.

 

1. How much are futures trading fees?

To encourage regular users and traders to instill liquidity into the market, the trading fees for regular users are 0.01% for Maker and 0.05% for Taker.

1. How do I check the futures funding rate?

Traders can see the current market funding rate in the “Funding Rate” section in the header of the chart.

For past funding rates, please check the funding rate history.

 

1. How to calculate futures PNL?

 

Closing PNL:

USDT-M Futures

Long Position = (Exit Price - Average Entry Price) * Number of Positions * Futures Size;

Short Position = (Average Entry Price - Exit price) * Number of Positions * Futures Size;

 

Coin-M Futures

Long Position = (1 / Average Entry Price - 1 / Average Exit Price) * Number of Positions * Futures Size;

Short Position = (1 / Average Exit Price - 1 / Average Entry Price) * Number of Positions * Futures Size.

 

Floating PNL:

USDT-M Futures

Long Position = (Fair Price - Average Entry Price) * Number of Positions * Futures Size;

Short Position = (Average Entry Price - Fair Price) * Number of Positions * Futures Size;

 

Coin-M Futures

Long Position = (1 / Average Entry Price - 1 / Fair Price) * Number of Positions * Futures Size;

Short Position = (1 / Fair Price - 1 / Average Entry Price) * Number of Positions * Futures Size.

 

1. How to calculate liquidation price?

Liquidation Condition: If Position Margin + Floating PNL <= Maintenance Margin, liquidation will occur.

Long Position: Liquidation Price = (Maintenance Margin - Position Margin + Average Entry Price x Quantity x Futures Size) / (Quantity x Futures Size);

Short Position: Liquidation Price = (Average Entry Price x Quantity x Futures Size - Maintenance Margin + Position Margin) / (Quantity x Face Value).

For more details, please refer to >>> Liquidation & Risk Limits 

 

 

These rules form part of the Platform User Agreement and carry the same legal effect as the User Agreement.